Doug Fabian - the Mav

» daryll40 - Re: Doug's Million scheme.

OK, so it's now December 16th, three days after the capture of Saddam and about a week since the DOW first closed (this cycle) above 10,000. Where is ol' Doogie's portfolio NOW???

Daryll40

-- posted by daryll40

» gus_eson - Re: Re: Doug's Million scheme.

Thanks for responding.
I understand D's portfolio is below -30% and his Mavericks are down 15%. Hoping for a Bingo soon.

-- posted by gus_eson

» gus_eson - Re: Re: Re: Doug's Million scheme.

Thanks for responding.
Yes I understand That D still is down more than 30% and it does not look good for him. Worse is that his Mavericks also are down almost 20% since August 1 on his recommendations. We have worked ourselves into a deep hole with no sight of a light at the end of the tunnel.

What is your thinking about this adventure?
Gus

-- posted by gus_eson

» Kirk - Re: Doug's Million scheme.

Hi Gus.

I found this chart on his site.

<img src=http://dougsmillion.com/images/large_cha... width=400 height=300>

It shows $349,131 as of 11/15/03 which is down just over 30%.

<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>

It looks like Gus is down over 30% while the Wilshire5000 is up 10% over the SAME period for a 40% difference! Ouch!

Is he using a 2x Nasdaq shorting fund? That might explain the very poor performance...

08/03/03 $500,000
08/15/03 $480,840
09/12/03 $432,098
09/30/03 $468,000 ???
10/28/03 $375,000 down 25% & still short
10/31/03 $343,000
11/19/03 $435,400 down 12.92%
11/15/03 $349,131 down 30.2%

Year-to-date:
 
  Date       Kirk    S&P500   Delta
2003 YTD    +74.3%    25.7%    48.6%  as of 12/20/2003 
 

Total Return:
                                 Kirk   S&P500+  NASDAQ 
4.75+ Yrs 12/31/98 to 12/20/03  167.3%  ( 5.1%) (11.0%) 
Annualized Annual Return         21.9%  ( 1.0%) ( 2.3%)  
 
  
9/30/98 Inception Value:   $100,000
9/30/03 5 yrs later value: $345,395 up 245.4%
S&P500 between 9/30/98 and 9/30/03: up   4.6%
With dividends reinvested. All Numbers unaudited. 
Click for a free issue of my newsletter 
Suitable for the aggressive growth part of your 
diversified investment portfolio. 

-- posted by Kirk

» gus_eson - Doug's Million scheme.

-- posted by gus_eson

» daryll40 - Re: Doug's Million scheme.

My trips to Doogies web site show he's not fessed up to his horrendous losses. Why doesn't he fess up? Sure, the market COULD crash and burn tomorrow, but doubling your money in 1 year doesn't mean having a 40% drawdown first.

Am I right that he has not fessed up somewhere, or did I mis it??

-- posted by daryll40

» stocksystm - Re: Re: Doug's Million scheme.

I have a feeling that Doug's "Million" website will be experiencing technical difficulties before the year is up.

The graph on the site is so misleading it's a joke. I feel sorry for the guy.

-- posted by stocksystm

» daryll40 - Re: Re: Re: Doug's Million scheme.

I don't feel sorry for him at all. I started with his father as far back as 1989. When Doogie came along, it was all games from the beginning but it took me years to realize that. I even met him at a seminar in Philadelphia about 10 years ago. I cornered him in the men's room about why he said one thing, then did something different, then refused to acknowledge what he originally said and fess up. His pattern continues. I hope we see DOW 12000 this year and the financial press tars and feathers him for good!

Daryll40

-- posted by daryll40

» Kirk - Re: Doug's Million scheme.

Doogie is down 40% and his clients are down 20% as of Jan 2 2004.

Do you have an exact number and date for the table?

08/03/03 $500,000
08/15/03 $480,840
09/12/03 $432,098
09/30/03 $468,000 ???
10/28/03 $375,000 down 25% & still short
10/31/03 $343,000
11/19/03 $435,400 down 12.92%
11/15/03 $349,131 down 30.2%
01/02/04 $300,000 down 40%; via gus_eson’s message

Here is how the simple indexes have done if people just put their money there.

<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>

I have far more modest goals, to try and beat the S&P500. As of 1/8/03 my newsletter portfolio is up 6.4% vs. 1.84% for the S&P500 via Vanguard's VFINX fund.

Year-to-date:
 
  Date       Kirk    S&P500   Delta
2003 YTD    +76.7%    27.5%    48.2%  as of 12/31/2003 
 

Total Return:
                                  Kirk   S&P500+  NASDAQ 
5 Yrs 12/31/98 through 12/31/03  171.0%  ( 3.0%)  ( 8.6%)
Annualized Annual Return          22.1%  ( 0.6%)  ( 1.8%) 

-- posted by Kirk

» Kirk - Re: Doug's graph is "so misleading it's a joke"

Editor: The Stock Market Advantage: The graph on the site is so misleading it's a joke. I feel sorry for the guy.

I agree it is misleading. What is sad is his behavior gives those of us that try to be as honest as possible a black eye.

He should update his web site and either admit he was very wrong to try and time the market, which he obviously can’t, or he should say why he is sticking to his guns. To ignore the truth is utter disaster to credibility.

<img src=http://dougsmillion.com/images/large_cha... width=400 height=300>

-- posted by Kirk