Stock Markets

 | Contact us  |
 | Questions  | Log in        
buy sell stocks
stock market crashes

Return to the Guru Directory

About Thurman Smith

Thurman L. Smith is the editor of Equity Fund Outlook (, and has been managing client accounts with funds since 1982. He has an MBA in finance and investments from Babson College, and authored Investors CAN Beat Inflation in 1980.

Previously, Thurman Smith spent 12 years developing investment research applications at State Street Band, Loomis Sayles, and Fidelity Investments. While managing client accounts, he realized that he needed more powerful analytical tools than were available from existing services. Thurman Smith independently developed a database and software to analyze reward/risk characteristics of equity funds. He decided to share this analysis with others by launching Equity Fund Outlook in 1988.

About Equity Fund Outlook

Equity Fund Outlook's goal is to find the best-managed funds, by comparing the performance of 275 of the best no- or low-load growth funds in both up- and down-periods against the broad market. With a relative up- and down-market score for each fund, Equity Fund Outlook then divides their up-score by their down-score to get a reward-risk ratio, which they call the "Investment Skill Quotient". The up, down, and Investment Skill Quotient scores, and other factors, are used to give a fresh rating each month for each fund.

Two model portfolios are maintained: a Tax-Advantaged portfolio for IRA, Keogh-type accounts, and a Taxable portfolio for other personal assets. A market risk stance is assumed for each portfolio, but there is more activity in the Tax-Advantaged portfolio, and only tax-efficient funds in the Taxable portfolio. Each portfolio usually has 8 funds. Assets of $25,000 or more are sufficient to follow either portfolio.

Equity Fund Outlook Contact Information

Equity Fund Research
P.O. Box 76
Boston, MA 02117

The above description was assembled using information from the publisher's site. All registered or unregistered trademarks referenced herein are the property of their respective owners, and no trademark rights to the same are claimed.

Manage Your Portfolio with the Position Manager

There are quite a variety of investment newsletter services available to investors today, which achieve a decent track record. In reality, however, many newsletters have not translated well for most investors that subscribe to them. The reason? Money management. Without the proper position sizing using the right money management tool, you are only dealing with half the formula for success.

Let's face it: if there was one consistently successful investment newsletter, then the word would spread rapidly, and that one investment newsletter would have more customers than the population of China. The reality is that there has never been such a success. Why? Because in the final analysis, 8 out of 10 investors fail due to one simple reason: position sizing.

The majority of investors who subscribe to investment newsletters think that the process is as simple as "Just give me your recommendations and let me become as successful as you are". Unfortunately, as money managers know, entry points account for very little in the overall success of a portfolio. Find out why! is not affiliated with, or endorsed by, Thurman Smith or

Directory | Privacy | Press room | Copyright 1998-2020 All Rights Reserved | Site Map | Disclaimer