Trading Systems Course
- 3 DVDs & 6 CDs
- (3) bound manuals
- (12) months email support
- New & Pro Versions
- New Trader Support Site
FAQs | Performance
Course Descriptions:
Standard I
Standard II
Trading Systems Course
- 5 DVDs & 6 CDs
- (3) bound manuals
- (12) months email support
- New & Pro Versions
- New Trader Support Site
FAQs | Performance
Course Descriptions:
Flagship
Trading Systems Course
- 8 DVDs & 7 CDs
- Massive resource CD
- (3) bound manuals
- (18) months email support
- New & Pro Versions
- New Trader Support Site
FAQs | Performance
Course Descriptions:
Here are sobering statistics.
Fundamentals are dead. Buy and hold is dead. Index investing is dead. The numbers don't lie:
Dow Jones Industrial Average (DJIA)
10,006 (Mar 1999)
14,164 (Oct 2007)
10,150 (Aug 2010)
NASDAQ Composite
5048 (Mar 2000)
2153 (Aug 2010)
Nikkei 225 (Japan)
38,915 (Dec 1989)
8991 (Aug 2010)
Are you willing to admit that buy and hold only works for people who live forever? However, mutual funds still make a fortune for selling the dream:
| Mutual Funds with Largest Fees | 10-Year Period | $21.40 Billion Total Fees Earned |
|---|---|---|
| Fidelity Magellan | 99-08 | $3.70B |
| Fidelity Contrafund | 98-07 | $3.00B |
| American Century Ultra | 99-08 | $2.30B |
| PIMCO Total Return/td> | 99-08 | $3.00B |
| American Funds Inv Co Amer | 98-07 | $1.54B |
| Fidelity Growth & Income | 99-08 | $1.56B |
| American Funds Growth Fnd Amer | 99-08 | $2.10B |
| Fidelity Low-Priced Stock Fund | 99-08 | $1.66B |
| American Funds Europacific | 98-07 | $1.74B |
| Fidelity Dividend Growth | 99-08 | $0.80B |
$21 billion in fees have been paid to mutual funds for no performance over the last 10 years. Why pay billions to mutual funds for no performance?
| Annualized returns 2000-08 | Large Cap U.S. Stocks | International Stocks | U.S. Bonds |
|---|---|---|---|
| Market Return | -0.27% | 2.29% | 6.06% |
| Loss due to Fund Expenses | -2.04% | -3.47% | -1.39% |
| Loss due to Emotions | -0.94% | -0.51% | -1.33% |
| Total Penalty | -2.98% | -3.98% | -2.72% |
| Average Fund Return | -3.25% | -1.69% | 3.34% |
Consider more sobering statistics:
- The typical American household has net financial assets of $1,000. When Americans were asked to estimate the net financial assets held by the typical household, only 7% correctly answered under $2,500.
- In 2016 we will begin paying more in Social Security benefits than we collect in taxes. Without changes, by 2037 the Social Security Trust Fund will be exhausted.
- At their peak 46% of working Americans were covered by a pension plan. By 2005 it had declined to 17% and it continues to drop annually.
- America's so-called greatest investor, Warren Buffett, had many of his biggest investments bailed out in 2008. If no bailout, his firm Berkshire Hathaway sinks.
- 40% of people with incomes less than $35,000 believe the lottery is the best chance they have to getting $500,000 for retirement.
- There is no more earning interest on cash in your account. The Fed has reduced interest rates to 0.
Is there a chance to make money? Yes. Keep reading.
Abigail Johnson
President of Fidelity Investments
Net worth: $11.5 billion
That's a large net worth for delivering no return. Mutual funds are 'skimming' operations. They skim a little off everyone and before you know it the head of Fidelity is worth $11 billion dollars. All that and look at the Nasdaq 10 years after the Dot-com implosion:
The charts are the truth. What's the response?
- A record number of Fidelity investors recently borrowed from their retirement accounts. 62,000 made hardship withdrawals -- a 10-year high.
- CNBC ratings are down.
- Bull markets in bonds and gold equals fear, not sound investing strategy.
Is there a way out? Yes. The great trend traders have a plan for the unknown. They make money when all hell breaks loose (i.e. 2008). The market winners ride the bucking bronco up and down for profit.
The trend following alternative is performance.
Trend Following Returns (and Fortunes):
Great trend following traders over the last 30 years:
Bruce Kovner: Kovner is a trend following trader featured in Jack Schwager's 'Market Wizards.' He was trained by trend follower Michael Marcus. Marcus was trained by Ed Seykota. More on Seykota can be found in 'Trend Following.' Kovner is worth over $3.5 billion (source).
John W. Henry: Henry is a trend following trader featured in 'Trend Following.' He is worth $840 million (source). He used his trend following gains to buy the Boston Red Sox for $700 million.
Bill Dunn: Dunn is a trend following trader featured in 'Trend Following.' Dunn made $80 million in 2008 when the rest of the world was blowing up.
Michael Marcus: Marcus is a trend following trader featured in Jack Schwager's 'Market Wizards.' He turned an initial $30,000 into $80 million (source).
David Harding: Harding is a trend following trader featured in 'Trend Following.' He is worth over $500 million (see above).
Ed Seykota: Seykota is a trend following trader featured in 'Trend Following.' He turned $5,000 into $15 million over 12 years in his model account (an actual client account).
Kenneth Tropin: Trend following trader Tropin made $120 million in 2008 as buy and hold collapsed. Earlier in his career he led John W. Henry's firm.
Will everyone make that? Of course not, but those trend followers all started as one-man shops and that is inspirational.
More performance.
Praise for Trend Following:
"'Trend Following'...will replace 'Market Wizards' as the must-read bible for a new generation of traders."
Jonathan Hoenig, Fox News Contributor.
"Michael Covel's 'Trend Following': Essential."
Ed Seykota, Originally profiled in 'The Market Wizards.'
"For my staff at Hite Capital, Michael Covel's 'Trend Following' is required reading."
Larry Hite, Originally profiled in 'The Market Wizards.'
"Covel has created a very rare thing...This is one book that traders at all levels will find of real value."
John Mauldin, Editor of 'Thoughts from the Frontline.'
"...Michael's 'Trend Following' is an outstanding read from which all investors can learn to trade markets better..."
Marc Faber, Editor of 'Gloom, Boom & Doom Report.'
"You might call it the 'Market Wizards' of Trend Following."
Van K. Tharp, Author of 'Trade Your Way to Financial Freedom.'
"My favorite of the new [technical analysis] books is 'Trend Following' by Michael Covel. Straightforward, easy to read..."
Barry Ritholtz, Author of 'Bailout Nation.'
"If you want to understand the real world of trading, read this book ['The Complete TurtleTrader']."
Bill Miller, Legg Mason.
Market Wizard Interviews
-
Jim Rogers on the Fed con. -
Market Wizard Larry Hite discusses dating odds. -
Poker pro Howard Lederer on poker & trading the markets. -
Trader Salem Abraham talks about the unexpected. -
Michael Covel speaks in Brazil.
Featured on:
Marylebone Holdings, LTD. (d.b.a Trend Following℠, TurtleTrader® & TurtleTrader.com®) provides analytical tools, research and trading systems. Company programs are for trend following trading training and educational purposes only. Testimonials included may not represent typical results. Neither unique experiences, past performances, historical tests, nor included or accessible strategies constitute recommendations or guarantee future results. Users are solely responsible for selection of stocks, currencies, options, commodities, futures contracts, strategies, and monitoring their brokerage accounts. The Company, its subsidiaries, employees, and agents do not solicit or execute trades or give investment advice, and are not registered as brokers or advisors with any federal or state agency. For more information about commodities and futures trading, please see the Commodities Futures Trading Commissions web site at www.cftc.gov. Trading in forex, stocks, futures and options is speculative in nature and not appropriate for all investors. Investors should only use risk capital that they are prepared to lose when trading forex, stocks, futures, and options because there is always the risk of substantial loss. Clients should fully examine their own personal financial situation before trading. The names and logos for TurtleTrader®, TurtleTrader.com® & Trend Following℠ are registered trademarks of Marylebone Holdings, Ltd. All content copyright ©1996-2010 Marylebone Holdings, LTD. All rights reserved.
Site Design: 
Toll-Free (800) 480-0581 | Direct (702) 666-8579 | Fax (702) 666-0524 | Contact
Privacy Policy