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I've read quite a few messages in this board from those who have complaints about rebalancing, commissions, lack of more backtesting, lack of data for annual rebalancing, and other problems with the Unemotional Growth strategy.
Here's a similar strategy I've backtested all the way to 1984, so that results include the tough market of 1987. This is kind of similar to the UG strategy, and the core of the screen was not developed by me, but by James O'Shaugnessy in his book Invest Like The Best. I tweaked his model slightly:
Using Value Line's Value Screen software ($55 for a trial few months), sort for: 26-wk price change>20%; eps growth 1 yr> 20%; eps growth last qtr>20%; est. eps change 1 yr>29%; timeliness rank<3.
This screen, which is quite similar to the UG screen (in fact it often returns some of the same stocks) in that it emphasizes relative strength and strong eps rank, will usually return about 15 stocks. Once the list is screened, select the five stocks with the largest market capatilazations (the biggest of the group) for purchase, to hold one year, then run the screen again.
I have backtested this with Value Line's data going back to Jan 1 1984, doing a new sort for a new five stocks each January. The annual return is 46 percent per year, with no down years. For more, see O'Shaugnessy's book, Invest Like the Best. No fooling!

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