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A Jerry Seinfeld Index Fund

February 18, 2011

Rocky tips his hat to the uber-quants at Barclays Capital for creating an “index” (fund) that only Cramer (of Seinfeld fame– not Mad Money fame) could have dreamed up.

From their website: (see:  https://ecommerce.barcap.com/indices/index.dxml )

The Barclays Capital TOM™ Long Index invests in the relevant underlying equity benchmark Index on the close of the 4th business day before each month end and closes this position 3 business days after the same month end. The Long Index is not invested during the rest of the month.

The Barclays Capital TOM™ Long/Short Index takes a short equity position on the close of the 11th last business day before each month-end and closes this position on the 5th last business day before month-end. It then takes a long position Index on the close of the 4th last business day before each month end and closes this position 3 business days after the same month end. The long/short index is not invested during the rest of the month.

BarCap also has a series of funds aptly named the “Barclays Capital Astro Index.” This inspired Rocky to propose the following variations of this bizarre approach towards so-called “investing”:

1. The Rocky Moon Fund (Buy on the New Moon, Sell on the Full Moon).

2. The Rocky Blue Moon Fund (Sell EVERYTHING on the Blue Moon, buy it all back 1 day later).

3. The Rocky Lunar Eclipse Fund (Buy on the eclipse, sell 2 hours later).

4. The Rocky Solar Eclipse Fund (Stare at a solar eclipse and buy health care stocks.)

[Disclosure: Rocky acknowledges that markets rise and markets fall. But flipping a coin  may well be a  better approach than investing based on the day of the month. Statistics don’t lie. People lie with statistics. ]

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  1. February 19, 2011 at 2:00 pm

    There is always the Halley’s Comet fund. Buy now, sell…well, you know, 75 years later, plus or minus a year.

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