July 2020 performance update*
We’ve crunched the numbers for July. The market overall (measured by the S&P 500-tracking “SPY” ETF) was up an unusual amount—5.48 percent from the open on 7/1 through the close on 7/31.
But our picks were up even more. Our subscribers-only Prime picks gained 8.30 percent and our free Select picks gained 5.65 percent over the same time period. You can check out the position-level performance for our Prime and Select picks in July on our performance page.
After three full months publishing our picks, both our Prime picks and our Select picks continue to outperform the “SPY” ETF (an index-tracking ETF we use to proxy the “market”). Our subscribers-only Prime picks, in particular, have outperformed “the market” by about 5.77* percent in the last three months—a magnitude that is not far off from the average performance of the market in an entire year historically.
As an example, if you had put $10K to work in our Prime picks three months ago when we first started publishing them, you’d be almost* $600 richer than you would have been just buying “the market”; and if you’d put $100K to work, you’d be almost* $6,000 richer—in just three months.
You can check out our picks for August here to get in on the action and, if you haven’t already, follow Stoney Point on Twitter for the latest updates (@StoneyPointCap).
*Restated on Sep. 3, 2020 to correctly account for contribution of SPY June dividends to SPY’s June total return. Prime and Select returns unaffected.
