UnThreaded | Threaded | Whole Thread (51) | Ignore Thread Prev | Next
Author: Radish Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 251825  
Subject: Re: maybe done Date: 5/16/2013 4:43 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 5
and I've all but proven that I am not smarter than the market, despite a consistent, disciplined long-term mechanical approach.

Pretty much what I concluded years ago. After trying MI for years and keeping careful track of my returns and also of my return on an actual S&P fund, my conclusion was that with very careful application of MI-screen trading I could possibly fairly consistently beat the S&P by a very small amount. But in real life, I'd make the occasional mistake trading the stocks of the screens... and those took my actual returns very consistently slightly below my returns on the S&P fund. With the potential to go way below given mistakes of greater magnitude.

Given that the "total stock market" funds tend to perform microscopically better than S&P funds, I decided that financially I'm better off just doing those rather than MI.

Of course sitting on a fund forever is not nearly as much fun as trading MI-screen stocks, so that's one down side.

Phil
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (51) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement