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archershipshttp://www.washingtonpost.com/wp-dyn/articles/A21278-2002Dec6.html
THE INSIDE SCOOP
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Sunday, December 8, 2002; Page H09
In another sparkling example of the democratization of finance, a Web site, Marketocracy.com, gives investors the chance to post their own model portfolios for scrutiny. The 100 best performers, called the m100 Group, then become the source for a publicly available mutual fund, Masters 100 (MOFQX, 888-884-8482). The fund, now a little over a year old, is down just 4.9 percent since inception, at a risk level that's about half that of the market as a whole. The benchmark S&P 500 is off nearly 20 percent over the same period. A year isn't enough time to judge a fund's success, but we're keeping an eye on Masters, which has been heavily weighted lately toward small-caps, especially gold and consumer stocks. Among the fund's top picks, according to its most recent online newsletter, are Quiksilver (ZQK), maker of casual clothing and snowboards; Petsmart (PETM), pet-supply retailer; Harmony Gold Mining (HMY); and William Lyon Homes (WLS), a West Coast home builder.
-- James K. Glassman
THE INSIDE SCOOP
E-Mail This Article
Printer-Friendly Version
Subscribe to The Post
Sunday, December 8, 2002; Page H09
In another sparkling example of the democratization of finance, a Web site, Marketocracy.com, gives investors the chance to post their own model portfolios for scrutiny. The 100 best performers, called the m100 Group, then become the source for a publicly available mutual fund, Masters 100 (MOFQX, 888-884-8482). The fund, now a little over a year old, is down just 4.9 percent since inception, at a risk level that's about half that of the market as a whole. The benchmark S&P 500 is off nearly 20 percent over the same period. A year isn't enough time to judge a fund's success, but we're keeping an eye on Masters, which has been heavily weighted lately toward small-caps, especially gold and consumer stocks. Among the fund's top picks, according to its most recent online newsletter, are Quiksilver (ZQK), maker of casual clothing and snowboards; Petsmart (PETM), pet-supply retailer; Harmony Gold Mining (HMY); and William Lyon Homes (WLS), a West Coast home builder.
-- James K. Glassman
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