Important Disclaimer: Ken Kam, Marketocracy Data Research's Editor in Chief, also is portfolio manager for mutual and hedge funds advised by a Marketocracy affiliate. Before relying on his opinions, always assume that he, Marketocracy, its affiliates and clients have material financial interests in these stocks and hold or trade them contrary to those opinions. Continue reading for more detailed and important disclosures, disclaimers, limitations and material conflicts of interest.
Ken Kam
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June 21, 2007
Adding Mastercard (nyse: MA) to Best Ideas
• Buy $5,000 of Mastercard Incorporated (nyse: MA)
I want to let subscribers know that I added Mastercard Incorporated (nyse: MA) to the Best Ideas Portfolio today. I've been following the stock for a while now, but rmcduff, one of our mFOLIO Masters, just put a journal entry up on his blog that I found compelling. What I really liked about this post is that Randolph was able to explain the conventional wisdom about the stock, and why the conventional wisdom is wrong. I find his arguments much more persuasive than those you typically hear.
The stock has already had a great run since it went public, so I am starting this out as a relatively small position.
You can see rmcduff's journal entry by clicking here.
btw - Randolph McDuff is a m10 member and mFOLIO Master that has one of the best and longest track records at Marketocracy. His RMG2 model fund has averaged 43% PER YEAR and his larger-cap RMG1 model fund has averaged 28% per year, both for over 7 years! MA is currently his largest position at around 25% of his portfolio.
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