Subject: Re: o/t, I have been touting ADX and CET
o/t, I have been touting ADX and CET...
for over ten years. Great holds for Americans in your IRA, and a great hold for rubes and suckers in a taxable account,
Sadly, not true. At all. You should have been touting FCNTX.
1993-01-29 - 2025-12-23 $10,000 initial. All dividends reinvested.
Symb End value CAGR MaxDD volatility
CET $280,053 10.66% -57% 18%
ADX $90,583 6.93% -72% 78%
GAM $136,203 8.26% -67% 19%
FCNTX $770,901 14.12% -49% 18%
SPY $283,937 10.71% -55% 19%
https://testfol.io/?s=bJjp6D4q...
click "Logarithmic scale" on the chart
CET matches SPY, and both beat ADX & GAM.
FCNTX beats them all.
Last 10 years, CET, ADX, and FCNTX are almost the same in Total Return. https://testfol.io/?s=bJjp6D4q...
Same period, CET, ADX, & GAM, take dividends, not reinvest. CET handily beats ADX & GAM.
Ditto for the entire period since 1/29/1993. In fact, ADX is by far the worst.
Adjust for CPI inflation, 5% annual withdrawal monthly is sad ^h^h^h Terrible.
https://testfol.io/?s=dRrPOqgc...
4% is better, ADX is the only one that crashes. The other two just barely survive.
CET matches SPY, and both beat ADX & GAM.
2024 distribution yield of 10.9%.
Too bad about losing all your money long term. ;-(
Takeaways:
* Investing for current income is very expensive.
* You need to backtest the claims for investments.