Pettit Funds

 WELCOME TO THE NEWLY-DESIGNED SITE

On advice of counsel, in the spirit of full disclosure, and mostly due to my innate paranoia, please be advised:

1. Nothing in this site should be construed as a solicitation of funds, nor promotion
of any product or services. “Pettit Funds” does not exist in reality but is only
presented here as a collection of “virtual funds” managed by myself at the Marketocracy
website referenced herein. These funds are not available as actual investment vehicles.

2. The statistics and results referenced herein are, as far as I know, unaudited by
Marketocracy and no claim is made by me as to their complete accuracy.

3. Your eyelids are getting heavy…

4. Ok, ok–I’ll admit it. This blog gives me the opportunity to toot my own horn. I’m proud of my achievements in the stock market, and, frankly, just wanted to show off!

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Pettit
Mutual Fund #1

Thanks for taking the time to visit.

Most of you have come here pursuant to a direct invitation from me, and while you are likely aware that I have been practicing law for the past 30 years–I suspect you were not aware of the investment success of which you are about to read.

I have been investing in mutual funds for most of those same 30 years.In mid-1999, due to concerns about Y2K I totally cashed out of the market. (You’ll remember those crazy times!). I wasn’t that concerned about all of our computers failing, airplanes falling out of the sky, and the End of Civilization As We Know It–but I was concerned about everyone
else’s “concerns”, and thought that there might be some chance that the silly nervousness could adversely affect the market.

It turned out that it didn’t, but the Internet/Technology Bubble burst later that year anyway, and I got to miss it.

Then in February, 2001, I decided to get back into the market, having tested
some theories on paper during my investment hiatus. I have done very well, as you will see.

About 3 years ago, I read in some financial publication–probably FORTUNE or FORBES- about a site called Marketocracy where you could run virtual (”play money”) mutual funds of your own and further test your theories and investing methodologies. In January, 2003, I started a couple of “funds” there.

Again, I have done very well as you’ll see from the graphs and charts accompanying
this article.

  The Marketocracy site has grown to 70,000 funds–many of which do much better than their “real world” competitors, as a quick trip to the Morningstar site–which, along with the Lipper organization , ranks mutual funds–will show.

70,000 Investors—Give or Take

Marketocracy also runs its own “real world” mutual fund based on the recommendations of what they refer to as the “m100″–the top 100 investors at the site. The January 24, 2005,
issue of FORTUNE magazine had a profile of several of Marketocracy’s super-elite “m10″ investors (the top TEN investors at the site). Alas, none of the four profiled are still ranked in the top 10, but the next month (February, 2005) I myself made it into the m10 with my “Pettit
Mutual Fund #1″ (pictured at the top of the page) and have remained there every month since– beating out the other 69,990 or so:

My “Pettit Energy Fund”, as you can see, has done even better (although, in all fairness, it was hard NOT to make money in oil stocks this year!):

 Pettit Energy Fund

I started the “Pettit Destiny Fund” at the beginning of 2004 to see if I had just been lucky, or whether my methodology would continue to work. It has:

Pettit Destiny Fund

As it has, so far, with 2005’s model: “Pettit Opportunity Fund”:

Pettit Opportunity Fund

  “That’s fine,” you may say. “You do a great job with ‘play money’, Jerry….But it’s a lot
different with real money on the line.”

  I agree. So I’ve used the same methodology with my personal funds ever since I got back into the market in early 2001.

And I’ve made over a million dollars in real money since.

Any questions?