Growth Portfolio Hits 2 Years
The last 2 years have been pretty wild since I started tracking this Growth Portfolio over on Marketocracy.com . The market had already taken a serious hit when I launched it on June 19, 2008 and much to my surprise the downdraft had just started. Now after a huge climb out of the pits of March 2009, the SP500 is still down 13% (nearly 15% counting today) since I began. Relative outperformance has been on par with our expectations at over 11.5%. Take the 10.3% annualized gain listed below and add 1.25% in excessive fees charged by the site and you get the 11.5%. In normal times, beating a market by double digits would be exciting, but an annualized return that falls short of 5% doesn't cut it for us. Not bad for this environment, but hardly better then investing in 10 year treasuries and alot more stressful. Gains were lead by stocks like Baidu (BIDU) sold for a 240% profit, Apple (AAPL) at 145% and counting, and Tween Brands (TWB) boughtout for a gain of 140%. Some losers have bee...