Tipping Competition for Full CY 2017

[So_Cynical]

Some impressive results for sure, Thank you so very much Peter and Joe, great work in supporting this, my downfall was bulletproof and NSL, almost any other picks would of made me competitive for the top 5, but a win in last years comp and 10th place here with 28.2% return is still pleasing.

It seems that one big winner is needed and no big single losers.

 

[Parse]

Well, I can't believe this and peter2 is right, one lucky pick! Actually I expected the mining picks to do better by moving towards actual mining, DCC (and THD) were just there because I figured if they were going to bounce back during the year it should be a reasonable bounce. Those 2 were pretty well bashed in 2016. Did I have shares in DCC? Yes. Did I sell them way to early? Yes.

But hey thanks for hosting the competition Joe.

 

[tech/a]

Unfortunately the one pick wonder is the aim
BIG held would have creamed it.

So it means we have 5 chances to find a pick in a sector that has the potential
Of increasing in price 3 to 10 times.

If the comp was limited to stocks over $2 then the results would be more even
Across the board and in my view display more about the skill of The competitors.

 

[systematic]

EOY 2017 Final Results: The XAO ended the year +7.8%

WINNER for 2017 : Parse +111% (DCC +645%)

2nd: PZ99 +86% (LPD +436%)
3rd: djones +66% (OOK +383%)

Very honourable mentions to systematic (+50%) and robusta (+42%) whose final results were spread across all selections rather than one lucky pick.

Biggest gains this month: djones +60% (OOK), Parse +47% (DCC)

Competitors with 5/5 positive: pinkboy who got there with divs.

# of competitors > XAO (out of 39): 18 (46%)

View attachment 85405

Thanks SO very much peter2 for recording and posting on this (and previous) annual comps. So very much appreciated - you do an awesome job! Of course, thanks also to Joe for hosting and the prizes!

Well done Parse and the placegetters - and EVERYONE who had a go, as the more the merrier for a fun comp! I hope everyone has a go in 2018!

 

[systematic]

Systematic's selections were the only batch to avoid going below zero throughout the year.

The selections of systematic, robusta, Acetrade, mcgrath111 and pinkboy were the most consistent throughout the year.
View attachment 85413

Was a nice run...wish every year of investing was like this!

 

[systematic]

Unfortunately the one pick wonder is the aim
BIG held would have creamed it.

So it means we have 5 chances to find a pick in a sector that has the potential
Of increasing in price 3 to 10 times.

If the comp was limited to stocks over $2 then the results would be more even
Across the board and in my view display more about the skill of The competitors.

I hear you tech/a.
I don't think absolute price (e.g. $2) is the best way though, I'd rather see $ volume. It's why I originally suggested a $ volume minimum...which we got...but I also argued for (and didn't get) a higher $ volume than what is currently required ($100k total volume over prior 5 days).

The other option would be to increase from 5 picks to a larger amount (say, 20?) which would lessen the impact of outliers, but that then lacks the concentration factor of wanting people's 'best ideas'

Still - there's no reason not to start yet another comp (if someone wanted to)...e.g. I suggested an ASX300 comp...stocks liquid enough for most individual investors. Being a liquid set of stocks, people could pick however many they wanted for a portfolio (1 stock, 10 stocks or all 300!)
Maybe a 'pick however many stocks you want from the ASX300' would be a cool idea for another comp...

 

[rcm617]

Thanks Peter for donating your time for this competition and thanks Joe for running the competition, great for getting ideas.
I think there has been a mistake in my calculations, not that it makes much difference but at least it puts me above the index. Hopefully will do a bit better in next years comp.

 

[tech/a]

Poor Pete 20!

Yes like your ideas Systamatic
Perhaps ASX 100/200/300 whatever
Would be interesting

 

[peter2]

 

[peter2]

@rcm617 You're correct, the calculation formula wasn't working in your EOY results. Sorry.
Your corrected result does place you above the XAO and just ahead of two ETFs. Now you can see how your whole year went.

 

[Craton]

Wow and bugger. Life happens, totally missed the finale AND the 2018 entry. Still it certainly was fun trying to diversify with 5 stocks and to watch the results each month. Congrats to all participants and parse the winner, blue sky one hit wonder, wow.

Many thanks peter2 for keeping tabs and to Joe for setting up the playing field. Well done everyone.