Here are some highlights of my 2016 trading year:

1) Back in April, when the Dow Jones was 17,500, I made a call on my blog that the Dow would hit 20,000 by year-end.
2) In early July, I highlighted a potential big winner called Acacia Communications. The stock rose over +200% in 3 months!
3) Six weeks before the election, I wrote an article for Yahoo Finance titled “The Market Is Forecasting a Donald Trump Victory.”
4) On the night of the election, I wrote that the market would NOT crash and it would be a “tremendous buying opportunity.”

Making market calls doesn’t matter unless you execute a plan and take advantage of them. I am very pleased to report that our Managed Accounts were up +21% in 2016 vs. +9.5% for the S&P 500. Did I make any bad calls in 2016? Of course I did but I contained them. In other words, I am frequently wrong but I don’t STAY wrong. The key to successful money management is to have conviction in your ideas but also to have the flexibility to cut losses when wrong. It’s a very difficult balance that involves confidence and removing your ego from the market. If you are looking for someone to help you manage your assets, I am opening my Managed Accounts to new clients for the first 2 weeks of January. For more information or for a FREE portfolio analysis, please email me at: [email protected]

DISCLAIMER: Performance figures are unaudited numbers. Performance is the composite performance for all accounts and not that of any individual account. No representation is made that any specific returns will be achieved in the future. There can be no assurance that past performance is any indication or guarantee of similar performance in the future. The performance figures presented are provided solely for purposes of evaluating a potential investment and not any other investment vehicle. INDEX DATE SOURCE: BLOOMBERG.