11-05-2019, 02:45 PM
(11-04-2019, 07:23 PM)fenders53 Wrote: Thanks Otter. Those will be pretty solid returns after we add annual dividends in December. I'm not sure if there is a lesson in our results so far, but here are a few thoughts....
-I do find it interesting 75% of the participants are beating the SPY while still maintaining a mostly SWAN stock selection. Nobody is even close to a losing year with little diversification. Seems to me we did as well or better than most mutual fund managers or authors we read. Of course the game would change if we were forced to pick 50 stocks. Little chance any of us double the SPY with even ten stocks.
-In a small port obviously sector is extremely influential. Energy is a laggard again this year. You picked one or you didn't and it affected results.
Thanks for playing everyone. I'd like to do it again for 2020 but we'll pick earlier.
My OXY pick is killing me. Would be doing really well without that pick.