The time has come to wrap up the first three months testing of Beat The Market. In the three months since early June 70 stocks have been bought and sold. Starting with a trading bank of $7,000 the account is currently in profit by $197.26 which represents a 2.82% increase.
In itself I think that is a reasonable return when compared to other investment options.
As a reminder Beat The Market trades on US shares. The service provides a website where members login each day to see if share buys or sells are advised. In the UK there is ample to time to prepare the trades as they only trigger when the US market opens and are always available by 7am UK.
Given that there can be quite a few trades each day (both buying and selling) you should use a broker that has small transaction charges. I use Interactive Brokers who charge $1 for a buy trade and $1.01 for a sell (note that to open an account you need to fund with at least $10,000).
The service costs $97 a month but you can try for 30 days free.
After a relatively slow start in June profits increased well to hit a maximum of 6.50% in mid August. Since then losses have been more the norm and the account has retrenched. As the holiday season is now over it will be interesting to see if the markets can regain some of their previous bullish nature.
Given that the current bank increase is less than the total service monthly fee to now I’m going to rate the service as Neutral. I will continue to report results monthly and see whether it can be re-rated more positively in the future.
You can try Beat the Market here: