Alright so I know this is only a short term track record and I would really need a long term record to prove my ability. But, I've been tracking my portfolio since 7/18 and the market is down (2.7017%) and my portfolio is up 0.6102%. All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst. Along with some other tweaks that I don't want to reveal, I've been crushing the market. Hopefully I can keep up the momentum.
More power to you. But if we are talking about 18/07/2019, than it's anything except - enough. Some hedge funds, hits a lucky streak for 2/3/4 years, until reality ,,reveals itself".
Do you mean .6102% or 61.02%? .6102% = .006102 61.02% = .6102 "All I did was look at every companies fundamentals and segmented my best companies and my worst companies. I went long on the best and short on the worst." That's the original way hedge fund operated in the old days. Nowadays they make leveraged directional bets. Then they pray the rich suckers give them enough money while they rake in millions in management fees. Eventually they blow up.
I embrace your enthusiasm. Please do not draw any conclusions after twelve days of market exposure. Carry on, and I wish you good fortune.
I can't know for sure what exactly your strategy is, but I can tell you that when the market is going down, almost any strategy that is long on high quality/high dividend stocks, and short on high beta/high P/E stocks will beat the market. When the market is going up, the opposite is true. You need to give your strategy a few more months to see if is really a market beater.
I don't want to read into the intent of the OP - but a couple of years at a minimum is the standard for outside investors. Point being; a protracted period of time.
How about a few more years...or better yet a few more decades. If we happen to go into a bear market (I'm not predicting that, just hypothetical), you'll beat the market with almost any 50/50 long-short strategy. That doesn't mean you'll beat it long term.