The key to making money in 2013 was to ‘be in the game’. One year ago Fiscal Cliff fears kept many people on the sidelines when stocks got cheap in October through December. The huge New Year’s Eve rally (> 300 DJIA points) caught most people flat-footed and underinvested.
We weren’t fooled into selling. Our Virtual Value Portfolio got underway on October 26, 2012 and has remained pretty fully committed to stocks ever since. We are proud to note that our 30.7% total return has beaten the S&P 500 handily over the identical time period.
Market Shadows did a bit of portfolio repositioning this week as the Washington-based craziness first drove stocks down and then sent them up to new records. Our own numbers closed at the highest ever today. Our initial $100,000 has morphed into more than $130,000 without the use of any options or leverage.
All previously closed-out and current positions can be seen here Detailed Results .
The opinions expressed are those of Market Shadows and the author, not those of the Wall Street Examiner. The Wall Street Examiner provides market commentary content for Market Shadows without compensation at this time but with the expectation of possible future consideration. The Wall Street Examiner does not participate in stock or options selection or strategy recommendations for Market Shadows and makes no representation regarding the accuracy or validity of the ideas expressed in the post. No recommendation or endorsement is intended or implied. This post is presented for informational purposes. Do all necessary due diligence before considering any investment.
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