Disclaimer

Casey Track Record Disclaimer

Please note that we do not have access to the Casey Research records needed to document and verify their published claims. We do not vouch for their accuracy. We are simply reporting the fact that the average of the annual gains Casey Research has reported for its International Speculator newsletter from 2004, through 2017, is 18.5%.

Those gains, as published in the January, 2018 edition of the International Speculator are as follows:

Year

Reported Gain

2004

17.4%

2005

26.2%

2006

44.5%

2007

10.3%

2008

-43.9%

2009

69.8%

2010

88.7%

2011

-10.8%

2012

2.8%

2013

-27.4%

2014

10%

2015

-12.7%

2016

72.2%

2017

11.9%

Average

18.5%

Each year’s gain/loss was calculated as an average gain/loss across the positions held in an equally weighted model portfolio during the year, from the first trading day in January to the last trading day in December of that year.

Notes:

  1. The model included gains/losses on positions from a prior year at the prices on the first trading day of the year and the last trading day of the year, if not sold before the year’s end.
  2. It also included gains/losses on positions on the first trading day of the year to the closing price of the last trading day before a position was closed, for positions closed during the year.
  3. It also included gains/losses on positions from the close of the trading day prior to a new position being opened, for positions opened during the year, to the closing price of the last trading day of the year.
  4. Gains/losses for positions were adjusted for dividends, partial buying and selling in tranches, units splits, takeover cases, and other actions related to shares, starting in 2012.
  5. Other changes in tracking were reported in 2012, due to the acquisition of more detailed data.
  6. Free shares and/or warrants received from the spinouts or private placements are not included in the performance calculation because they were received for free and hence have no open price.