US equities...negative again YTD

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Oct 5, 2005 7:22 pm

How's your best performing US mutual fund doing year-to-date?

Oct 5, 2005 8:39 pm

I don't know about funds but my best SMAs ate internationals (+15% ytd), small cap value (over 10% ytd) and Midcap growth (+10% ytd).

Oct 6, 2005 7:03 pm

For all of your ML folks out there, the Malloch strategies we run are
over 18% through yesterday.  They were even higher, built TOL has
retraced.



The Bernstien Value10 and Growth 10 are both up around 10% YTD as well.

Oct 6, 2005 7:33 pm
rightway:

For all of your ML folks out there, the Malloch strategies we run are over 18% through yesterday.  They were even higher, built TOL has retraced.

The Bernstien Value10 and Growth 10 are both up around 10% YTD as well.



You talking about Dave? Is he still at it? I used his growth strategy (never the utility) in the early 1990's and found it worked very, very well. Met him in person once on one of his ML funded trips. Glad to see he's still around.

Oct 6, 2005 8:02 pm

Same guy ("Dancing With The Analyst").  It is a very easy strategy
to follow, and is, without a question, the best performing strategy I
have ever done.  Since the market turned around in 2003 we are 27%
over the growth and broad indexes.




Oct 7, 2005 1:27 pm

Malloch......very proven track record, simple concept, gainig momentum fast! Us mutual funds...I am using sector funds for 5-10 percent allocations. ML Nat. Resources up 45% ytd ( time to take the money and run though) Utilities are strong, global and health sci. also strong performers. I know the markets are ugly......but we are making our clients money!

Oct 7, 2005 1:34 pm

I'll look into that Malloch strategy.  Is that a Merrill exclusive?


At least once a year I compare my performance to that of the popular mutual funds. Today, I took a look at American, AIM and Franklin and found the YTD #s to be quite pathetic.  The only standouts are energy, natural resources and eurasian funds...the ones that no one owns or recommends.






 


Oct 7, 2005 4:14 pm
skeedaddy2:

I'll look into that Malloch strategy.  Is that a Merrill exclusive?



He was at least at one time, a ML broker who developed a couple of strategies in his spare time. I used his growth portfolio. It was based on earnings expectations and strict sell discipline. ML gave him space on their info system to post his list of stocks and his sell recommendations. They paid him to travel around the country and explain it to brokers. <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


Clients knew it going in that I would call and say "We're selling ABC, and buying XYZ". Short conversations, great results and this was during the beginning of the "discounter" era when people became commission sensitive and there were no flat-fee non-discretionary alternatives.


Much better than their laughable “focus one list” (most every firm has an equally laughable list) which we all took as a contrary indicator on a stock.


Oct 7, 2005 7:55 pm
mikebutler222:
skeedaddy2:

I'll look into that Malloch strategy.  Is that a Merrill exclusive?


He
was at least at one time, a ML broker who developed a couple of
strategies in his spare time. I used his growth portfolio. It was based
on earnings expectations and strict sell discipline. ML gave him space
on their info system to post his list of stocks and his sell
recommendations. They paid him to travel around the country and explain
it to brokers.


Clients
knew it going in that I would call and say "We're selling ABC, and
buying XYZ". Short conversations, great results and this was during the
beginning of the "discounter" era when people became commission
sensitive and there were no flat-fee non-discretionary alternatives.


Much
better than their laughable “focus one list” (most every firm has an
equally laughable list) which we all took as a contrary indicator on a
stock.






Right on Mike- and it has not changed.  It really is
simple...focussing on a sell discipline.  It is a quant screent
that leverages the Analysts work to get the buy list.  Then sets
forth strict sell discliplines to get out of positions, only to go back
into new ones from the fresh buy list, updated monthly.  It is
volatile and t=not the holy grail, but an awsomw strategy that has had
a profound effect on my business.  I run it as a portfolio manager
in our PIA program, which allows me to publish performance.

Oct 7, 2005 11:46 pm

I'll ask a buddy at Merrill next week about it. I'm always interested in

strategies that work. Of course, when a client requests a specific strategy its

more than likely run its course.



This could very well be a decade of flat performance in equities. I can't help

but think about all those "boomers" counting on a robust market for thier

retirement and 401(K). I guess they can wipe thier asses with those financial

plans.   



We might see increased liquidations from them if they run out of patience.