Other Mutual Funds I Have Operated On Marketocracy

July 27th, 2007

Although my Marketocracy account hasn’t been going so well lately with the Nabloid.com Fund Genesis, I have had some success in the past. Under my personal account at Marketocracy, one of the funds I started is called Nabloid Solar. I started this fund as a way to track how some of the solar stocks were doing. It was not an actively managed fund (I just logged in for the first time in months!), but the results may surprise you.

I started Nabloid Solar on October 9, 2006 and bought 14 securities in equal weights. I then walked away and never looked again, ’till now. So far the returns are an astounding 83.33% (even after the melt down in the markets). On an annualized basis, this is a return of 114.44%! To put things into perspective, the S&P 500 is up only 14% (annualized about 18%).

My alpha is 66.97% and my beta is 0.38.

Out of the 14 stocks only 4 are down. The rest are doing quite well. I have one stock that is up 1,244% and a handful of other stocks that are up over 50% to 100% each. Obviously the stock that is up 1,244% is the main reason why I’ve been able to take my NAV (net asset value) of the fund from $10.00 a share to over $18.15. To put this into perspective, the fund actually performed as the #6th best fund on Marketocracy for the last six months! I even have a neat message on my fund account when I log in:

I’ve had to sell some stake in my star stock as it comprised of more than 25% of the funds assets and I wanted to remain in compliance. Now the fund is non-compliant because I don’t have 65% of the assets of the fund invested at the moment. I need to find some more solar stocks to add. This is not an actively managed fund that I would make in real life and so I don’t consider it a reflection on my stock skills. I do however continue to be a supporter of solar power as one alternative that makes economic sense. I just wish things were going a bit better on My Mutual Fund (Genesis)… here is a look at my Nabloid Solar fund.