Out Fox The $treet

Anybody interested in signing up with Covestor Investment Management now has an extra incentive to move now. The company is giving away iPads to the first 25 clients that fund an account with $30K (see PR ). See Covestor for the qualification details such as needing to keep your funds with Covestor for 6 months. My Model: CV.IM - Mark Holder

As I've mentioned in the past, in February we started using Covestor Investment Management as a distribution option for our Opportunistic (Aggressive) Portfolio. We are pleased to announce that for the month of March (first full month) our portfolio had the highest return of any portfolio on the platform which includes 21 professional models. The portfolio returned 15% versus a little over 6% for the SP500. 2nd place had 13.37% and 5th place was already down to 9.65%. The top 5 is listed on the main page at CVIM and below. Definitely can't promise returns like that every month, but we'll strive to continue to beat the market averages. Covestor is an interesting medium so check it out. Besides investing with me for as little as $5K you can also now invest with numerous other RIAs that have substantial amounts of assets under management. For example, Naviller and Associates is well known on Wall Street and manages over $2B. For as little as $10K, you can spread your money b...

In less then 6 weeks the Covestor Model is already reporting strong results. The model is already up 17% versus a little under 5% for the market. Not bad considering the model was down 4% on its first day of February 3rd. A day the market dropped over 3% so not great timing there. Also remember that the model is up over 150% since it began in Dec 2008, but CVIM only counts the record since I became live on their Interactive Brokers platform. They do have the link to the history though for verification. Of the 46 managers on the CVIM site, our Opportunistic Model ranks 2nd in the MTD results (click on MTD in the upper right corner) at over 13%. Check on Monday morning when they update the results from Friday and it'll be up 14%. We're proud of being 2nd because although this is an aggressive portfolio it is up against several daytraders and undiversified portfolios giving them alot more leverage for out sized short term gains. Please email us at stonefox27@ymail with any quest...

As of last week, Covestor Investment Management (CVIM or cv.im) began offering my portfolio as one of their Model Managers. This is a great opportunity to expand investors to the group that typically invests in mutual funds. It gives investors with only $5K the opportunity for individually managed accounts that in the past required at least $100k and in most cases $250K to open an account. Unlike a mutual fund you get the opportunity to see current trades and portfolio holdings and you have visibility to your assets via 3rd party brokerage Interactive Brokers (IB). So anybody worrying about giving their money to an investment manager ala Madoff no longer has to fear never seeing that money again. The money remains in your name and you alone have discretion over transferring in and out. CVIM only obtains the ability to execute trades and collect fees. How CVIM works is that I make trades in my account at IB and then the CVIM team replicates those trades within 2 minutes to investors t...