Steve Leuthold: Best U.S. Fund Manager This Year
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If you don’t know the name Steve Leuthold yet, you should. A few years ago, Leuthold made 450 percent gains by betting on commodities - by being bold enough to take a big position when nobody else dared to.
Leuthold also knows how to invest in stocks - his his Grizzly Short Fund (GRZZX) has been top of the stock funds over the last 12 months.
If you stick with Steve Leuthold’s advice, says Steve Sjuggerud in DailyWealth, you’re be well on your way to bumper profits…
Greetings today from Minneapolis, Minnesota – home of one of DailyWealth’s favorite investment advisors, Steve Leuthold…Mr. Leuthold never ceases to amaze us. He’s done it for 30 years now…
Today, one of his mutual funds is the best-performing U.S. stock fund over the last 12 months. It ranked No. 1 on Morningstar’s list of 19,500 mutual funds – an exceptional performance.
And nearly 30 years ago, he wrote the exceptionally prophetic book The Myths of Inflation. Back in 1980, contrary to every other prognosticator out there, Leuthold was optimistic. He predicted inflation would fall to 3%. He predicted oil prices would calm down. And he predicted stocks and bonds would perform well. It was just brilliant stuff.
It was so brilliant that, after reading it, DailyWealth’s own Tom Dyson felt compelled to fly into Minneapolis just to meet with Leuthold’s contrarian research firm, the Leuthold Group. On my trip to the “North Country” this year, I chose not to bother the Leuthold guys. Instead, I’m in the Minneapolis airport, headed home after a quick vacation with my wife and kids. (My father grew up in Northern Wisconsin, and my parents now have a lake house there. My wife and I brought the kids up for a few days.)
A few years ago, Steve Leuthold made a huge bet on commodities. He bought tons of commodities… literally! Leuthold was the only fund manager I’m aware of who was actually stockpiling tons of base metals in warehouses.
He recently just closed out his fund’s position in commodity-related stocks with something like a 450% return in just a few years. (I don’t have the stats on this trade with me here in the airport… But trust me, the returns were exceptional.)
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————————————Leuthold not only got the call right on commodities, he got the trade right, too. He really maximized his profit…
He was bold enough to take a big position when nobody else wanted to. And then he had the stomach to hold on for a long time, when other value investors would have gotten scared out of the trade.
Leuthold also brilliantly took a big short position in financial stocks in his Grizzly Short Fund (GRZZX). That bold position pushed the Grizzly Fund to the top spot in stock funds over the last 12 months.
So his Grizzly Fund is at the top of the list now… But Leuthold makes bets in both directions. So maybe another of his funds will be No. 1 down the road. (For more on Steve Leuthold and his funds, click here.)
He told Barron’s, “Our valuation models are indicating that there is not a huge amount of downside risk” in stocks right now. But as far as I know, he doesn’t have a big call at the moment. According to Barron’s, Leuthold is currently “neutral” on the markets. It’s not for a lack of looking… Leuthold just spent weeks traversing China sizing up its investment prospects.
The DailyWealth list of legitimate “market experts” is surprisingly short. One of the few names on that list is Steve Leuthold.
He’s done his homework and made prescient calls for 30 years… from calling the end of inflation in 1980, to stuffing warehouses with commodities a few years ago, to betting against financials lately.
When you see comments from Steve Leuthold or the Leuthold Group, stop and listen. You’ll probably hear some great advice…
Source: The Best-Performing Stock Manager in America This Year
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Tags: , bear market, Downturn Strategy, GRZZX, Steve Leuthold, Steve Sjuggerud, US stocksAbout the Author
Dr. Steve Sjuggerud runs his own investment advisory services called True Wealth and DailyWealth. True Wealth is one of the fastest-growing investment newsletters in the country, with more than 60,000 subscribers worldwide. DailyWealth is a free and, as you might have guessed, daily advisory service in the spirit of "Buy Low, Sell High." Steve received his Ph.D. in International Finance and has the "real world" experience that comes from having been vice president of a $50 million global mutual fund as well as an analyst, broker, offshore hedge fund manager and diligent world traveler.
The DailyWealth mission is to show you how to avoid risky investment, and how to avoid what the average investor is doing. We believe that you can make a lot of money and do it safely by simply doing the opposite of what is most popular.