MagicDiligence Spells Tracking Portfolios Summary
Expand rows to see individual tracking portfolios. Data is updated through 2017-07-31.
|Magic Recipe||16.30%||-5.05%||1 of 5|
|Deep Value||9.96%||-11.39%||1 of 5|
|Quality Growth||30.80%||9.45%||5 of 5|
A major challenge with our 'Spells' is implementing a practical strategy for using them. The Tracking Portfolios above are designed to measure the long-term performance of a practical, mechanical buy and sell strategy, using the Spells as the source for stock picks. The strategy works as follows:
- Purchase 5 equal weight positions from the spell every 3 months (3 positions for Star List).
- Hold for one year.
- At end of one year, sell positions. Using proceeds, buy 5 new equal weight positions.
- Repeat from step 2.
For the Tracking Portfolios, positions were chosen at random, beginning with a $10k investment per position. Performance is measured by comparing against an S&P 500 tracking portfolio, which made the same size initial investments on the same dates. 5 tracking portfolios were generated for each Spell to produce a good aggregate representation for the overall performance of this strategy.
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