We update our momentum portfolio this week and it's doing great. Excluding costs it was +17.56% from 1 January 2011 to close 1 November 2011 against the Top40 index off 0.9%.
The beauty of this system is its simplicity. On 2 January 2011 we just buy the top 5 winners in the Top40 from the previous year and hold them for the year.
For 2011 the 5 stocks are; KIO, MSM, CFR, SHP & TRU.
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