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Benefits of Doing My Own Tax Return

My dad always did his own tax return.  My father-in-law always did his own tax return.  They both did their returns by hand and mailed them ...

Tuesday, July 01, 2008

The Performance Of Stock Picks By The Pros

Sometimes I wonder how stock recommendations by the professional pickers do. Recently, I came across the beta site TrackthePros.com which lists buy and sell recommendations by various investors, fund managers, newsletters, and analysts, showing the pick and relative performance versus the S&P 500. Unfortunately, the results seem to be open ended and do not show when a pro officially closes out a position.

However, I still found the data interesting. I have briefly skimmed through some of the results. Based on the limited data shared, I didn't see any pro that had recommendations I would be comfortable following on a regular basis.

For more on Ideas You Can Use, check back every Tuesday for a new segment.

This is not financial advice. Please consult a professional advisor.

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