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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 6131 
Subject: Re: Back in
Date: 03/03/24 12:40 PM
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Very heartening to hear that, given the shellacking that MI has taken the last 5-6 years.
I started back up a few months ago, somewhat tentatively to try to get the trading details down at IB, which is challenging.


Yes, IB can be a bit unfriendly at first, for sure. But I wouldn't go back for the world, now that I'm used to it. I'm trying the "basket" feature for the first time, but it's a bit scary.

As for MI screens, yes, there has been some "falling flat" effect in recent years. Maybe even more than the usual "screen was overtuned and didn't work after publication" factor. One thing I have found anecdotally is that final sorts were a big problem. A lot of screens that seem terrible in recent years are actually not bad if you look at a depth of 2 or 3 times what was originally intended. Also, dividend payers are out of their very bad stretch! For now, anyway.

But I never stopped developing and tracking screens, so the ones I'm running are ones the at seem that they might still have some value: they have held up for a while since invented. And I have very modest goals. If I can do a little better than the average stock over a decade, that's not so bad. By having modest goals you end up picking screens that aren't aggressively overtuned and they seem to hold up better.

Jim
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This community has written 6,115 posts about Mechanical Investing. The article-length ones it recommended most:
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