No Load Fund X
“Hello Michael, I found the article on the Blackstar Funds report very interesting, about whether or not trend following works for stocks. They offer some great proof but there is even better proof that trend following absolutely works for stocks. Hulbert Financial Digest, which tracks performance for many stock market newsletters, rates as the number one performer for the past 25 years a newsletter called “No Load Fund X.” It constantly outperforms most other market letters. And what method do they use? A trend following system! They take the strongest performers among all mutual funds and ETFs (which are, of course, made up of stocks) and invest in them. Once they stop moving up, they exit and move into the new strongest performers. They simply follow the trend. I don’t know how anyone can possibly deny that trendfollowing works, here’s documented proof that blows away the competition…I’m certainly not a professional investor, I just use it in my retirement account but it works great! So when I read your book, it really hit home and I realized that trend following is the only way to navigate the market. You’re information has been very helpful. Thanks, Mike Galiatsatos”
