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Thursday November 20, 2008 |
Cycle Watch Vital
Statistics
The Cycle Watch
Institutional Advisor weekly report is delivered in PDF
format. You will need a copy Adobe Acrobat
Reader to view this report. We think it is well worth the free
download of the Reader. Click
here to download Adobe Acrobat Reader directly from the Adobe
web site.
Q. The Cycle Watch model portfolio is "hedged", what does
this mean?
A. The basic premise behind the Cycle Watch model portfolio is market
neutrality. That is, the portfolio is designed so that when fully invested 50 percent of
available funds will be invested in traditional long side investments and the remaining 50
percent will be utilized for short sales. Theoretically the portfolio should perform
equally as well in rising and falling markets.
Q. If the market is rising or falling strongly will performance suffer?
A. Ideally our portfolio is fully invested, however in strong markets it
is often difficult to find attractive short sale candidates. In these circumstances we
simply raise the cash levels in our short portfolio and remain fully invested in our long
portfolio. In weak markets we raise cash in our long portfolio and remain fully invested
in our short portfolio. At no time will more than 50 percent of available funds be
invested in either the long or short portfolio.
Q. What is the stock selection process?
A. We have spent a great deal of time and financial resources
developing our proprietary fundamental and technical model. Stocks are filtered for both
fundamental and technical considerations. Earnings momentum and money flow analysis are
very important aspects in our selection process.
Q. Where can I learn more about the Cycle Watch sectors,
groups and stocks?
A. A complete listing of the issues contained in the Cycle Watch
Universe can be found at http://www.baresearch.com/universe.htm.
Q. How will the Cycle Watch make me a better investor?
A. The principal focus of the Cycle Watch is identifying the best
places to park funds for the intermediate term. A natural byproduct of that approach is
that we very often come across issues that should be sold short. If you choose not to sell
stocks short to hedge your long side investment, the Cycle Watch will keep you out of
stocks and groups that should decline in the short and intermediate terms.
Q. The Cycle Watch is published only twice weekly. Is that often enough in these
volatile markets?
A. We think that investors will be able to duplicate the tremendous
success of the Cycle Watch model portfolio if they follow the weekly reports
and mid week reports only.
Investors seeking more timely information can either subscribe to one of the other Bedford
Products or inquire about the institutional version of the Cycle Watch. That version
includes a daily report and analyst conference call and is priced at $795.00 per month.
Interested individuals should send their comments via email.
Q. What has been your long term track record?
A.
The Cycle Watch is the oldest of our publications. The model
portfolio began 07/30/93. The 1993 total return was 15.1% (five months). In 1994 the total
return was 31.80%. The 1995 total return was 27.9%. The trade
history since 1996 is published online. Click
here to see the complete trade history.
Q. How do I get started?
A.
You can subscribe to the Cycle Watch Institutional Advisor by
becoming a Bedford & Associates Research Group member. Online subscription prices are
$197 for 1 year, $297 for 2 years and a one month trial is FREE to new users.
Click here to become a
member.
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