The lower-risk version
No borrowed money. A bit more than the market, with far smaller falls.
| This strategy | S&P 500 | |
|---|---|---|
| Yearly return | 12.9% | 11.4% |
| Worst fall | -16% | -55% |
| Worst year | -8% | -37% |
2003 to 2026. A version tested from 1999 gained 14% in the 2000 to 2002 crash, while the S&P 500 lost 38%.
$10,000 invested in 2003
$10k
$100k
$1.0M
$177k
$136k
20052010201520202025Tested without hindsight, after trading fees. The author's account also uses no borrowed money.