Previous Updates
Update Dec 10, 2004: Since the last update on
Oct 1, we have had a small stock market rally following the presidential
election campaign. The DMF index benefited from this rally and
continues to outperform all other major indexes including the vaunted m100
index made up of the supposedly top 100 players on marketocracy.com.
In previous quarters we have had major setbacks when some of our stock picks
completely tanked. In May, two drug stocks, SUPG and ALTH experienced
failed FDA drug trials, and our index took a big hit. In July TMAR
announced bankruptcy. Luckily in the past few months we have had no
major losers, and our index continues to climb on the basis of our huge
position in oil stocks, and the improved picture for some technology stocks.
Year-to-date we have a gain of 21.17% which is below our objective but not
too bad in a difficult year. We have a lot of cash in the fund at
present and plan to buy on expected weakness later in December to prepare
for a huge January rally.
Doug's Mutual Fund on Dec. 10, 2004:
| |
Beating |
Today |
MTD |
QTD |
YTD |
| DMF |
|
0.32% |
1.18% |
11.12% |
21.17% |
| S&P 500 |
 |
-0.12% |
1.31% |
6.70% |
6.95% |
| DOW |
|
-0.02% |
1.20% |
4.69% |
0.95% |
| Nasdaq |
|
-0.03% |
1.54% |
12.24% |
6.27% |
|
|