Update On Marketocracy Portfolio
Fund Performance for
salvadordali's Mutual Fund  | fund rankings |  | |
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| For the six month period ending March 31, 2009 your fund outperformed 97.8% of the other funds on our site. Your forum and other privileges are based on this ranking |
My portfolio was started on 1st August 2008. Marketocracy lets you manage a virtual portfolio of $1M in a simulated trading environment, allowing you to track your performance accurately and compare your fund management skills to other investors and professional fund managers. Yes, they do take into account transaction cost as well. If your track record turns out to be one of the best, you could be hired to help manage a real fund at Marketocracy. It's a great place to learn, and a great place to prove your talent. They also have important rules to ensure that you are running an actual investing portfolio and not just sitting on cash: - No position can exceed 25% of your total portfolio value.
- Half your portfolio must be comprised of positions under 10% each.
- Your cash position isn't limited by this guideline, although you must be 65% invested
My fund was smartly called SMF, or Salvador Mutual Fund (no, not the foul language acronyms you are thinking). So far so good, although the first couple of months was iffy. SMF fund performance in orange colour.
The main objective of the fund is to beat the S&P 500. For the past 6 months ended 28 June, the S&P 500 has gained 6.76% (previously 1.33%) while my fund has gained 63.3% (previously 51.1%). There are usually rules which dictate that you must be at least 65% invested at all time, and your aim is to beat the index. If you can consistently beat the index, you should be golden. If you look at the turnover rates, I have increased the trading activity over the past two months as I think the recovery is still volatile and is more suited to be traded.
| recent returns vs. major indexes | |
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| SMF | 0.42% | 46.16% | 53.80% | | S&P 500 | 0.14% | 15.86% | 3.10% | | DOW | -0.73% | 10.90% | -3.85% | | Nasdaq | 3.60% | 20.26% | 16.56% | | | |
| recent returns | |
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| | | | RETURNS | | Last Week | -0.18% | | Last Month | 5.41% | | Last 3 Months | 42.76% | | Last 6 Months | 63.67% |
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| | | S&P500 RETURNS | | Last Week | -0.21% | | Last Month | 3.08% | | Last 3 Months | 13.30% | | Last 6 Months | 6.76% |
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| | | RETURNS VS S&P500 | | Last Week | 0.03% | | Last Month | 2.33% | | Last 3 Months | 29.45% | | Last 6 Months | 56.91% |
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| | alpha/beta vs. S&P500 | | |
| | | | Alpha | 54.37% | | Beta | 1.26 | | R-Squared | 0.84 | |
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| | turnover | | |
| | | | Last Month | 36.12% | | Last 3 Months | 188.85% | | Last 6 Months | 292.71% | | | | |
| Symbol | Price | Shares | Value | Portion of Fund | Gains | Current Return |
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| BAC | $12.75 | 6,000 | $76,500.00 | 6.90% | $36,593.22 | 42.46% | | STT | $48.33 | 2,500 | $120,825.00 | 10.90% | $41,368.54 | 40.97% | Details | | ACTG | $7.60 | 16,000 | $121,600.00 | 10.97% | $37,791.79 | 30.62% | Details | | QSII | $56.47 | 1,500 | $84,705.00 | 7.64% | $16,267.77 | 13.56% | Details | | SXE | $32.35 | 3,000 | $97,050.00 | 8.76% | $9,089.54 | 10.33% | Details | MIDDLE | | MGM | $6.78 | 14,000 | $94,920.00 | 8.56% | $5,124.78 | 5.71% | | WFR | $17.96 | 6,000 | $107,760.00 | 9.72% | $1,996.56 | 1.89% | | F | $5.61 | 30,000 | $168,300.00 | 15.19% | -$1,475.01 | -0.87% | | JEC | $41.37 | 1,500 | $62,055.00 | 5.60% | -$645.73 | -1.03% | | AIG | $1.46 | 50,000 | $73,000.00 | 6.59% | -$1,269.20 | -1.71% | Details | | BDD | $8.48 | 11,000 | $93,280.00 | 8.42% | -$5,221.13 | -5.30% | Details |
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p/s photos: Fukuda Saki
modern portfolio theory, you basically aim to beat the index, based on the premise that:
over the long run stocks offer superior returns
hence if you consistently beat the index, over the long run, you should have superior returns