Covestor.com now has more than 150 managed models. If you’re not familiar with the site, it’s worth taking a look. Covestor allows investors to open an account and have their account directed by “Model Managers”. Model Managers (that’s me) do their own investing and “subscriber accounts” are set up to electronically mirror the trades of the manager.
After nearly 9 months, I’m thrilled to see that I have clawed my way into the top ten based on pure return… #8 to be exact. What’s more exciting to me, is that I am #1 when it comes to Volatility (the red square on the right). My account has been less volatile than everyone else on the list. What that means to me is that I can sleep at night. My managed model doesn’t go through nearly the gyrations as the other top performers.
This of course is history, and we have no idea how the future will play out, but I made sure to take the snapshot when I had the chance.
Good Trading…
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