Our Core Strategy
Our core strategy is to buy equal dollar amounts of the Portfolio Armor web app’s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week’s top ten when we get stopped out of a position.
A Top Names Performance Update
Before we get to this week’s top ten names, let’s look at the final, 6-month performance of our top ten names from May 9th, 2024.
Our top names from May 9th were up 5.23%, on average, over the next six months, versus up 15.72% for the SPDR S&P 500 Trust (SPY 0.00%↑).
So far, we have 6-month returns for 72 weekly top names cohorts since we started this Substack at the end of December, 2022.
And as you can see above, our top names have averaged returns of 18.60 over the next six months, versus SPY’s average of 12.72%. You can see an interactive version of the table above here, where you can click on each date and see a chart showing each of the holdings that week.
If You Are Concerned About Market Risk
As a reminder, you can download our iPhone hedging app by clicking on the QR code below or aiming your iPhone camera at it.
This Week’s Top Names
Below are Portfolio Armor’s current top ten names as of Thursday’s close.
Screen capture via Portfolio Armor on 11/14/2024.
If you’re starting our core strategy now, you’ll want to buy equal dollar amounts of each at or near these prices, if possible, on Friday, and then enter trailing stops of 10% to 20% on each of them. As you get stopped out of positions, you’ll add new ones from the then-current top ten names.
In my case, I am already running this strategy, and got stopped out of one name this week, and one name last week I didn’t replace yet, so I plan to buy two of these on Friday. I’ll note which one I buy in the comments on this post.
Bought COHR today at $98.97 as part of our core strategy.
Bought IREN today at $10.45 as part of our core strategy.