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The benchmarking, the way it's set up, is my port, 60% cash or not, vs. a 100% investment in the SPY from day one. That may be industry standard, but it's not very realistic.

The flipside of the argument would be, if the manager cannot beat the benchmark, why bother paying management fees, atleast in case of mutual funds but also in case of paid services at Motley Fool. Instead why not just index. Those fees can add up.

It may not apply here though, since rising star is completely free service. I personally always hold my self against a benchmark and stick to it. If I cannot beat it, then I have no business actively managing my own portfolio.

BTW, if your personal benchmark is hurdle rate of 15%, that's even bolder and demanding than crushing SPY over long term. It is possible that over next 3-5 years, SPY might come close to that return, but over long term, it won't. I like your confidence. Again, I am glad I can follow your picks here for free.

Keep up the good work! Thanks.
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