MODEL POSITIONS
About the Model Positions

Model Position Policy

The MarketMonograph Model Positions are representative positions that put our best economic forecasts to work. These are not recommendations to buy or sell specific securities, nor are they personalized investment advice.

Here are the rules the Model Positions follow:

We update the status each position at the end of every day.

Model Positions are created at a size representing a "unit."  Larger versions of similar positions may involve market impact costs or other costs that we do not take into account.

Returns are usually calculated in relation to the notional amount invested. In hedged positions, the return is calculated in relation to the notional amount invested on the riskier side. In some cases returns are calculated in relation to futures margin requirements.

Trades are entered into the model positions at prices prevailing at the moment of virtual execution, with exact pricing and commission protocols noted with each trade.

Neither uninvested cash, margin debt, nor margin deposits accrue interest debits or credits, unless specified.

Principals of MarketMonograph or their families may hold in their personal accounts positions in securities mentioned in Model Positions or in other reports and commentaries. When we write about about a specific security in which we have a position (other than government securities, mutual funds, futures contracts on indices, or securities held through mutual funds or other collective investment vehicles) we will tell you about our position.

Past performance is no guarantee of future results.

Fred Goodman, CFP, is a fee-only Certified Financial Planner based in Los Angeles. You can send him your questions and comments via e-mail at Fred@MarketMonograph.com. The charts and commentary represent what Fred is thinking about the market and thinking of doing for his own account and for accounts he manages. There is no guarantee that you will profit from trading as discussed herein. You may lose money and Fred assumes no responsibility for what you do or do not do with this information.