Hweb- The major indexes don't tell the story
The Russell 2000 is dead even since 11/7/2021 till today, so it hasn't done anything for 3 years. The S&P profits for the last couple years have 60%+ made up by the Mag 7. My wife had her portfolio in Morgan Stanley in 2023. Her broker(who was the managing broker for the entire floor) had her in the equal weight S&P, and she lost 5% for the year. while the S&P went up 24%. For the most part, if you didn't have the right large cap stocks, you generally were even or lost the last 2 years. Now you can say how stupendous most on this board have done over the last year. Fact is, SS & I are the only ones that have any recorded track record at all. Now Wadegarret portfolio has recorded returns since Jan 2022. While the S&P is up 24% & the Russell 2000 up 3% since Jan 2022, Wadegarret portfolio was up 167% as of last Friday for that same time period ! I know you like to say the reason for my losses lately have been because I'm in and out of stocks a lot, or that I only own 2 or 3 at any one time, but I don't agree. I was in KINS for 4.5 weeks, before getting out last Friday, and the average amount of time I've been in any one stock for the past 20 years is only about a month, while I had around 30%/year avg returns for that entire time. Also I have averaged having 5 stocks or less since 2008. Fact is, the style in which I've played stocks for 20 years in which I was so successful is no longer working, and in fact has stopped working for some time now. Just that its been even worst the last few months. Mind you also, the majority of profits I've made since on this board, are not generally from micro cap stocks, but more like larger small-mid cap.
AI
