Wall Street Veteran’s Model Portfolio Greatly Outperforms Stock Market
by jojo
Grandich.com Model Portfolio shows substantial gains over last year-and-a-half
WALL, NJ – In September 2008, veteran market commentator and newsletter writer Peter Grandich moved his worldwide economic and market forecasts to a daily blog. Taking advantage of the instantaneous dissemination of information available via the Internet, on November 29, 2008, he posted his Model Portfolio, a hypothetical portfolio of equities selections based on his blog commentaries. To put it conservatively, his results have greatly outperformed the markets.
PORTFOLIO PERFORMANCE:
There are currently 27 open positions in the Model Portfolio. Of those, 22 are up and 5 are down. The average net gain is 61 percent and the average hold period is 7 months. (Performance is based on pricing at 11 a.m. April 29, 2010.)
There are also 43 closed positions, of which 38 were up and 5 down at the time their positions were closed. The average net gain was 48 percent and the average hold time was 5 months.
OPEN POSITIONS CLOSED POSITIONS
• 22 positions are up • 38 positions closed for a gain
• 5 positions are down • 5 positions closed for a loss
• Average net gain – 61% • Average net gain – 48%
• Average hold period – 7 months • Average hold period – 5 months
View the entire model portfolio at http://www.grandich.com/model-portfolio/
The Model Portfolio began with just two stock recommendations: Northern Dynasty Minerals, which was purchased at $3.36 and is close to $10 a share today, a position which is still open; and Hudson Bay Minerals, purchased at $2.90 and closed on June 1, 2009 at $8.40 with a 190% gain.
HISTORICALLY ACCURATE:
Peter Grandich’s Model Portfolio comes more than two decades after his first forecasting success. Labeled the “Wall Street Whiz Kid” by Good Morning America, Grandich gained national notoriety by being among the very few who not only forecasted the 1987 stock market crash just weeks before it happened, but on the very next day predicted that within two years the market would reach a new all-time high. Proving his ‘87 forecast was no fluke, Mr. Grandich said in January 2000 that the year would go down as the year the great mega bull market of the 80s and 90s came to an end.
RECENT MARKET PREDICTIONS:
Grandich continues to demonstrate his uncanny ability to predict major turns in the markets.
Worst bear market of the modern era… short the US Market - In October 2007, just a few days after the stock market reached its all-time high, Peter Grandich predicted the worst bear market in the modern era and recommended to his readers the sale of all equities except those related to precious metals. Grandich even went so far as to suggest shorting the US Stock Market.
The Mother of all bear market rallies - Then, just one day before the actual bottom in March of 2009, he told his readers that he saw the mother of all bear market rallies ahead and said he was removing his bear suit. He said at the time that the DJIA could rally to as high as 11,000 through the June/July 2010 period. As that time frame and price level moved closer, he increased his target for the DJIA several hundred points higher.
Gold is going higher - Grandich is recognized worldwide as one of the foremost authorities on metals and mining shares and is one of the most ardent bulls. He joined the gold bull camp when the precious metals was around $300, and despite regular calls for gold’s demise from other analysts, Grandich continues to forecast substantially higher gold prices.
US Dollar to rally - Grandich had also predicted a rally for the US Dollar, which he believes will be its last for years to come.
BACKGROUND
Though he never finished high school, Peter Grandich entered Wall Street in the mid-1980s with no formal education or training and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. Now an internationally-acclaimed financial expert, he has made a 25-year career out of his knack for uncanny, accurate market predictions.
His ability to analyze and forecast financial happenings has resulted in hundreds of media interviews including GMA, Neil Cavuto’s Your World on Fox News, The Kudlow Report on CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. He’s spoken at investment conferences around the globe and is regarded as one of the world’s foremost market strategists.
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For more information or to interview Peter Grandich, email Peter@Grandich.com with INTERVIEW REQUEST in the subject line.
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