Why stay with P123

my list to stay in p123

  1. Unbiased data
  2. Strict slippage rule in designer model, so the results in designer model out of samples are real (not hypothetical).
  3. Nice tools for screening, simulation backtests, designer model out of sample with slippage
  4. Mgerstein designer virtual class
  5. Community comments and support
  6. 20 stocks pick contest

Macro and Mgerstein are very honest; very rare find in investment business.
Even though p123 is not very profitable after 13 years;
they are not changing their rule to attract crowd with fancy stuffs as other financial websites.

Thanks
Kumar :sunglasses:

For me it’s Simple:

  1. I make money
  2. I make more money than if I invested in the S&P (Just a little I’m not greedy and don’t have lot’s of time)
  3. It takes very little time now I know what works. (This could change after the next recession)

By doing this I will beat 90% of all actively managed funds over the long run.

Summary:

  1. Make Money
  2. Beat the market (By a little)
  3. Spend as little time as possible to achieve 1 & 2.

delete

Jrin,
If one understand what does not work, can avoid that old direction to reach partially working direction, then working direction finally perfectly working direction.
I have passion to explore more.

Thanks
Kumar

My quick list:

  1. Great data.
  2. Amazing backtesting possibilities.
  3. Really cool community with tremendous responsiveness to concerns.
  4. Incredible ranking system.
  5. Realistic slippage calculations.
  6. Not just equal weight anymore.
  7. Real-time results! Annual returns greater than 40%!
  1. It’s far better than any alternative I’m aware of.

been with p123 since 2011, this is why I am here: my port performs!

2011 10%
2012 30%
2013 20%
2014 15%
2015 0%
2016 58%
2017 32%

Impressive consistency! Way to go …

To win in the stock market you need to be consistent, disciplined, and dispassionate :wink:

yep! and you need p123 :wink:

And the miracle of compounding makes it even nicer!

Taking Andreas’ returns and compounding assuming an initial $100,000 investment:

$100,000 * 1.10 * 1.30 * 1.20 * 1.15 * 1.00 * 1.58 * 1.32 = $411,572

Roughly 4 times his initial investment over 7 years assuming he did not take some money off of the table. Or doubling twice.

Very Nice!

-Jim

Yes, Consistency + Compounding = Wealth!

Jim, right now I do not take money out of the port, I add about 50k - 70k € a year to it.
It was first difficult to convince my wife to work my ass off (in a job that I basically hate but pays very good) and at the same time not to spend it and put
another 10h a week into p123.

I have one goal → to live of my Investments and compound further (and write books), I figure, that I need around 1,5 Mio $ for this (and p123!!!), If I stay healthy, we do not
get a monster crash I might be able to do so in about 2-5 years.

I tried this from 2001-2004 and I failed (the reason I made a PHD = to repair my CV!), so I am kind of hypercritical if this a good Idea.
The reason that I failed was undercapitalization (I tried it with 150k €, LOL) and lack of experience and i did not know P123.

I keep you posted :slight_smile:

Regards

Andreas

===========================
Judge trade,
I tried this from 2001-2004 and I failed.

Thank you for your honesty,

I have failed to make money first 2 years with p123 by following micro & smallcap.
I am very profitable for last 6 months. P123 has all the required stuff for successful investor.

I have spent all 4 years to designing model; got confident on largecap with few months holding.
I have invested all my time on right education.

I am investing on my best models (I am not following any of my private model).

S&P500-10Value Stocks - Rev3
https://www.portfolio123.com/app/r2g/summary?id=1500539

S&P500-10 Value, Growth and Quality Stocks
https://www.portfolio123.com/app/r2g/summary?id=1495143

Thanks
Kumar :slight_smile:

Andreas,

Thanks for sharing your experience. I am in the same boat - I started with ~25% return in 2014 using P123. However, my ports saw a big dip (-18%) in first half of 2015 and I stopped following my models - big mistake! In 2016 my models came back with a bang, the only problem: I was not invested in them :frowning:

I got back in 2017 and followed them to the T. So glad with +22% as of this Friday :slight_smile: Here’s my investment journey:

2013: Optimistic - I will replace my job with an investment portfolio and P123 in less than 3 years
2014: Ecstatic - I am half way there!
2015: Skeptical - Will I get there?
2016: Disgusted - Why did I waste time on other things, rather than sticking with P123, arrgh
2017: Disciplined - I will stick to P123 and ride the bumps, breathe …
2018: Patient - I will get there in time (2020 will be my year!)

My goal is 15% per year, but low draw downs. I have started selling options on the index to lower my delta and maintin a positive theta.

P123 is the only thing that has consistently worked with limited screen time. I have picked up option selling (debit and credit spreads) in the last 3 years and it has been working well. Now, I generate ~15-20% of my income goal with this but it ties up ~25% of my capital.

Peter Lynch once said: „the key to making money in stocks is not to get scared out of them“

P123 is a fantastic tool to systematically fight this fear. It offers backtesting and drawdown stats as guidance, a fine community of fantastic, like-minded people and it is intellectually stimulating. It is one of the best things since the wheel.

P123 is a great tool that allows me to see just how how stupid I’ve been over some period of time.
This year I figured the party would soon end, so I reduced my exposure to one of my better models.
Had I just followed the system I would have done much better.

I shall add:
a great community of enthusiasts who are sharing their experience.

Without P123 I would be flying an airplane blindfolded !
Simply would not know where to invest my money in the stock market.
With P123 I know WHICH stocks to buy. Took me 3 years to figure it out though. Almost gave up.
The learning curve was full of frustration, roadblocks and disappointment.

But:
2014: 5%
2015: 12%
2016: 18%
2017: 26% so far

Way to go Werner!!! (where are you located?)