Today’s S&P 500 Fix

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LATEST NEWS:

Mar. 10, 2006 –

PMF1 has now been selected as a Marketocracy Top Ten fund for 12 months in a row. PEF is currently the #31-ranked fund based on the last two years’ performance.

Aug. 23, 2005 –

PMF1 has just been selected as a Marketocracy Top Ten fund for the 6th month in a row..

.PEF closed the fiscal year (June 30) as the #30 ranked fund for the most recent quarter, #36 for the year, and #61 for the previous 2-year period (out of over 70,000 funds)...

POF, the newest Pettit Fund, closed on June 30 as the #66 best-performing fund for the quarter (out of more than 70,000 funds)...

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Marketocracy is kind enough to keep track of individual stocks that hit (or, gulp, miss) and I'd like to share some of my best picks for each of the funds we've been discussing here.

5 Best-Performing Stocks for Pettit Mutual Fund #1

5 Best-Performing Stocks for Pettit Energy Fund

5 Best-Performing Stocks for Pettit Destiny Fund

5 Best-Performing Stocks for Pettit Opportunity Fund

THESE ARE NOT REPRESENTATIVE OF THE TYPICAL RETURNS I HAVE GOTTEN IN THE PAST AND ARE CERTAINLY NOT REPRESENTATIVE OF TYPICAL RETURNS I WILL BE ABLE TO ACHIEVE IN THE FUTURE.

It is fun to trot out the trophy-winners--but I have to tell you that I have had a few "dogs", too. Some companies I have invested in have lost most of the investment; some have gone bankrupt. The stock market is riskier than other alternatives, and I’m not perfect, so I always keep my funds diversified. Right now, each of these funds has between 35 and 50 individual holdings--so that one or two stocks failing won't overly-affect the net results of the fund.