My 4th portfolio has crossed into the 99 territory (without ETFs and .OB and .PK stocks)...
I guess it can be done.
I know I'm no Porte, but I'm kinda excited that right now I have 4 portfolios with a rating over 99.
As I said in the title, I stayed away from using the well-known-CAPS-portfolio-enhancement-drugs called leveraged ETFs and red-thumbing of crapy .PK and .OB stocks. I tried to use only the stocks that anyone can buy through any brokerage house, with most of them being houshold names (assuming there is at least one investing-nut in the houshold).
Two of these four portfolios are YES Man portfolios, meaning they have not a single red-thumb call. Both of those also have no ETFs whatsoever (not 3X nor 1X ones).
What I also like about thee portfolios is that they all were started at a different time. For example one of them was started just a year ago, in December of 2009, and one was started just a few months ago, in July of 2010.
That shows you that it's not true that one needed to start a portfolio at the beginning of this bull market (Spring of 2009) in order to be able to get to the 99 rating (but they sure did have the advantage - just like Porte had an advantage over me :) )
Here are my four 99+ portfolios:
dragonLZ, my original portfolio, started in June of 2009.
rumblindrZ, 99.32 rating, 3263 points, 75.1% accuracy, started in December of 2009
ValueDragonStyle, 99.15 rating, 3129 points, 70.1% accuracy, started in July of 2010
10Kdlz, 99.12 rating, 2707 points, 79.7% accuracy, started in February of 2010
Now, I know many of you are thinking it's stupid to have so many portfolios and i kind of agree.
However, I started each one of these portfolios with a different purpose.
My original dragonLZ portfolio was started just like any other portfolios get started: You join the CAPS and you want to see how your stockpicking skills compare to those of other Fools (don't even try to tell me you weren't hoping you are a bigger Fool than the other Foos you find around here). Even though this portfolio is dear to me, I'm kinda sorry that I ruined it by "playing the game": closing picks as soon as they get over 5 positive points. I think that strategy did improve my accuracy, but it killed a lot of my potential points. In this portfolio, I was also using levergaed ETFs (earned less than 100 points on them with poor accuracy), but haven't had one in more than a year.
rumblingdrZ portfolio was started for the BLACK BOX RUMBLE competition that was anticitrade's idea. That was a 3 month competition, but not many players took a part in it. I think anticitrade had 5 or 6 portfolios, and anchack, Tastylunch, streetflame and myself each had one. My portfolio finished second - it placed after all of anticitrade's portfolios. Since then, anticitrade didn't close nor make any new picks and all of his portfolios are still ranked very high - one of them even higher than my rumblindrZ portfolio even though I actively managed my portfolio while he never touched his (I'm trying to say anticitrade's portfolios kicked asses of us other players big time).
my 10Kdlz portfolio was started as an day-trading idea. I wanted to see how well I can recognize (by using my chart eyeballing) good momentum stocks, which I could pick and close within CAPS' seven-day minimum holding period, with an average return of +10 points. I thought that I can get to 10 K points within 9 months by picking 1,000 - 1,200 picks with an accuracy of 80%. Well, I found out I would be a bad day trader (or more accurately, seven day trader). The things didn''t really work the way I wanted them to. After a few months, my highest number of points was 3,000 so I gave up on my original idea of hitting 10,000 by actively "trading" stocks. Right now, beacuse of this portfolios high accuracy (almost 80%), I changed my goal for this portfolio: Now I'm trying to get to an accuracy of 90+ (I like lofty goals).
So that would be it when it comes to my 99 rating portfolios.
I have 4 more portfolios (which are below 99 rating, of course), but unfortunately now I have no time to tell you more about them:
MarketWhisperer, 98.76 rating, 4885 points, 61.1% accuracy, started in September of 2009.
May2110, 97.64 rating, 2263 points, 60.5% accuracy, started on May 21 of 2010
100prcntAccuracy, 87.52 rating, 615 points, 60.5% accuracy, started in July of 2010
DLZtheBestOf, 68.47 rating, 680 points, 48.5% accuracy, started in May of 2010
(What DLZtheBestOf and 100prcnt Accuarcy portfolios are all about - as porte would say, you can see in this post here).
Sorry, but I'm running out of time. Gotta go. Wife's calling.
Soon, I hope to be able to share with you some Real Life stockpicking - after all, this CAPS stuff is just a game, right?
Thanks for reading everybody (if you made it this far), and Good Luck.