Today’s S&P 500 Fix

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For the latest on Pettit Fund developments and other items of interest (including occasional stock picks!), read JERRY'S BLOG.

LATEST NEWS:

June 2, 2006 --

PMF1 has been selected for m10 for the 15th month in a row. PEF is currently also in the top 100 based on the last two- and three-year performance statistics.

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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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 is a glorified "Blog" to give 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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        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":

        "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.