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Doug Fabian - the Mav
This archived discussion is "read only". « Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next » » BANANAS_ - Update? What update? "We will chronicle his trade as he tries to double his money to $1 million in 365 days. We'll update the site twice a month (the closest business day to the 1st and 15th) and report on Doug's winners and losers, and monitor his performance weekly as he moves toward his goal -- all under the watchful and discriminating eye of an auditing service."--Doug Fabian's dougsmillion.com websiteHe has not updated his website as of the closest business day of the 1st for this month. Why? Because he sucks when it comes to market timing. He shorted QQQ and is getting burned big time. BANANAS -- posted by BANANAS_ » radiodude - Re: Update? What update? In response to message posted by BANANAS_:He has not updated his website as of the closest business day of the 1st for this month. Why? Sounds like he can't even keep track of what day of the month it is. This should be fun to watch over the course of a year. (If he ever updates the site.) Between this and the CA elections, I'm set for entertainment for a while. In all honesty, if he does not update his site, then that's just another indication that he lacks something. Actually, thinking about it, I wonder why he does not do daily updates. This might increase hits to his site which one would think he would want. -- posted by radiodude » snaimon - What EVER happened to TREND FOLLOWING? VIP Investor HotlineSaturday, September 13, 2003 Climb aboard now! Just click here now: Tell a Friend! http://www.fabianlive.com:/theclub/fund_... http://www.fabianlive.com:/askdoug/askdo... -- posted by snaimon » snaimon - Re: Update? What update? In response to message posted by BANANAS_:From his dougsmillion page today: 9/12/03 The graph only shows 8-1 - 8-4. He started with $500 K. I am puzzled a bit. I do not subscribe to his service, but on the radio he said that he is a "trend-follower." A few weeks ago, his radio portfiolio was 1/3 SPY, 1/3 Juno Rydex and 1/3 cash. He stated he would put more money into SPY if and when there was an upside breakout in the first week of Sept. That breakout DID happen, but he did not announce what, if any, portfolio moves he made on his show last weekend. According to his VIP investor email, he is now SHORTING the NASDAQ. So much for "trend-following." Juno Rydex is off its highs. He recommended tight stops (3 - 5%), so I will imagine he has sold that position even though that plays a prominent role on his dougsmillion page. Stan -- posted by snaimon » Kirk - Update: Doug's Million Dollar Challenge .Funny how he has not updated this graph of his portfolio as promised on his web site as promised. Maybe we can keep track? Currently, he shows $432,098. Lets put the results he shows today in table form and then add to the table weekly.: 08/03/03 $500,000 We can check his web site daily or weekly and update the totals and make our own mental graph. To me, he's lost $67,902 in about 6 weeks for a total loss of 13.6%. My guess is he is short a rising market. Strange too in that the market has not done too much the past month yet he is losing a ton if he keeps that rate up. <img src=http://www.dougsmillion.com/images/large... width=400 height=300> Mission: 1. To turn my $500,000 into $1 million in 365 days using products anyone can use and access easily and cheaply, while at the same time managing risk. 2. To prove that mutual funds (this includes Exchange Traded Funds, enhanced index funds and special situation funds, like those that move with interest rates) are all investors need to build wealth in any market climate and that growth doesn't need to involve the added risks of stocks or options. 3. To apply the same principles and strategies I'm currently using in Successful Investing, VIP Investor and my own portfolio -- that is following market trends and adopting a sell strategy for every position. If you value the work we do here for free, then please visit my toner and ink sponsor as well as shop at our Co-op. If you REALLY value the work, then consider a subscription to my newsletter!
-- posted by Kirk » hairie31 - Fabian Now Sees 1987 Type Decline In the latest issue of Barron's (09-15-2003) are recent comments by Doug Fabian. He now sees 2003 similar to 1987 and an impending decline.This guy is so wishy-washy, his advice is at best worthless. Earlier this year after the March Rally, he told his listeners not to buy, he was waiting for a correction to issue a Buy Signal. Then after the market was up 20+ %, he suddenly gave a buy signal in the end of May. Now, he's obviously turned bearish again. He found there were many different What Hulbert discover all the best advisors had in common, was a consistant disciplined approach to investing, which they followed, even if there were times when their formulas didn't appear to be working. Fabian's jumping in and out of the market..turning bearish to bullish back to bearish all in a few months time, is a sign of a highly emotional investor...the kind who ends up buying at the top and selling at the bottom. -- posted by hairie31 » hairie31 - Re: Fabian Now Sees 1987 Type Decline In response to message posted by Normxxx:He's obviously trying to do just that..short-term timing and apparently not doing very well. Apparently losing 13 % in the past 6 weeks, (according to Kirk's calculations) while the market has been rising, all the while making the outrageous claim of being able to turn a $500,000 portfolio into a $1,000,000 in 365 days. Let's see 100 % return in one year, At 100 % rate of return for 5 years his $ 500,000 portfolio would be worth $ 16,000,000. For 10 years at 100 % rate of return, his $ 500,000 Give me a break! I'd like to hear what type of spin he'll do if his $ 500,000 portfolio turns into $ 250,000 after 365 days of trying to jump in and out of the market, trying to time every short-term swing in the market. With his inconsistant investing behavior, he could just as easily turn bullish again in a month. -- posted by hairie31 » snaimon - Re: Fabian Now Sees 1987 Type Decline In response to message posted by hairie31:A few years ago when he first started his radio show, and maybe even today, he stated that his goal was a 20% annual increase by "TREND FOLLOWING" using the 200 day (39 week) moving averages of the major indicies. NOT 100% per year. As you write, 100 % per year is crazy. In sharp contrast to some other radio personalities, he DOES make the radio program interesting. There is a website to listen to the last 10 weeks of programs FREE. He has a loyal and seemingly growing following of fans (aka subscribers) who gladly part with $185 for a year's worth of advice and access to a website with fund data and advice. In his favor, he DID sell ALL before the big bad bear hit a few years ago. OTOH, as several have written, once he sold, he has not done well on picking a re-entry point and returning a 20% increase each year. He lover the "growth season," Oct/Nov - May and, as we know, that has not really happened. Since he sold in Sept or so 2000, he has been in and out a few times, usually settling with a loss. Before the run-up in interest rates in summer 2003, he chose Rydex Juno, which bets for rising rates. Doug Fabian always sets a stop (sell strategy) and uses moving stops to protect his gains. So I would guess he has sold out of the Rydex Juno position. For the general (radio) public and on the internet, he is not very specific with his current portfolio makeup. It is therefore hard to track his performance without being a subscriber. Stan -- posted by snaimon « Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next » Please follow the guidelines set forth in the Suite101 Posting Etiquette when adding to the discussion. |
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