This will be my last communication on this blog regarding Invest By Model. Again, despite very strong performance in both the Top 20 and the Conservative Growth/Balanced model portfolios since our launch in 2008, I decided last month that I could no longer continue to devote my efforts to this project. I have dedicated myself full-time to the opportunies in the legal cannabis market and am currently offering 420 Investor, a community focused on investing in publicly-traded cannabis-related stocks. I expect to be part of several other ventures as well, including a fund that makes direct investments as well as an information service to connect private companies with private investors.
Through 4/11, here is how the models look:
Performance has improved lately in both models, both of which have lagged since the Fall. I am very proud of the longer-term performance, whether on a one-year basis, where both models are ahead of the appropriate indices, or, especially, the since-inception results.
I am sharing some month-to-date performance detail as well:
Top 20 has outperformed the declining S&P 500 by about 0.8%.
The stocks in CG/B have held in very well, declining just 1.3% compared to the 3% loss in the broad market.
The website will no longer be accessible after Tuesday. Finally, I want to thank you for the confidence you have shown in me over the years and to express my gratitude to my partners at Rainbox Holdings for their help in designing and supporting the technology that made Invest By Model work.
I wish everyone the best and hope that our paths may cross again!
Alan Brochstein, CFA