Tracking Fund Implementation Update

We have decided to postpone the implementation of the Tracking Fund until October 1. This will allow additional time to clarify the many decisions necessary to ensure that the process remains honest, transparent, and open. It also provides the benefit of having the initial tracking period correspond with the fourth quarter, running from October 1 through December 31.

Tracking Our 24 Stocks With Real Money — No Hypotheticals. Just Results.

A Real Account, Real Numbers

Starting October 1, 2026, we're opening a control account to track the actual, real-world returns of $100 invested in each of our 24 recommended stocks. We're using $100 per stock — $2,400 total — because it makes the math easy for you. If a stock is up 35%, that $100 becomes $135. If it's down 25%, it becomes $75. Whatever amount you actually invest, you can apply the same percentage and know exactly where you stand.

All dividends will be reinvested in the same stock that paid them. If a dividend happens to arrive late — after a stock has already been replaced on our list — it will simply be held as cash until it can be put to use.

Here's how we'll handle it when a stock is replaced on our list: whatever that position is worth at the time — gains, losses, and all — gets sold and the full proceeds go into the new stock. If a position had dropped to $75, we invest $75 in the replacement. If it had grown to $150, we invest $150. Nothing added, nothing held back.

This account will be a Roth IRA, held in my name, with no fees on the trades and no tax consequences on the gains — I'm past 59½. That means the numbers you see will be the real, unadjusted returns, nothing more and nothing less.

This isn't about proving anything. It's simply a way for you to see, in plain dollars, how the research behind this newsletter actually performs over time — numbers you can check for yourself.

You Don't Have to Invest in Any of These 24 Stocks

These are simply the stocks I invest in myself. You're welcome to follow along, or use this list as a starting point for your own research and your own choices.

You don't have to invest in all 24 to get started, either. Whether you're a young investor making your first move or someone who never quite got around to it, you can start small. Pick four or five stocks, or spread $100 across ten stocks at $10 each. The point is to begin, follow the results, and build from there.

Keeping the List at 24 For Now

We made a few changes to the lineup this week, but we're holding the roster at 24 stocks for the time being. During September we'll be deciding how many stocks we want to follow on a routine, ongoing basis — more on that as the decision gets made.

See what a real $100 invested in each of our 24 stocks 3 and 6 months ago would be worth today — below. Further down, every stock, every number — tap any ticker to expand the full data card.

How This Week's 24 Stocks Have Performed

These are hypothetical figures based on this week's 24 stocks, not actual results from a past edition or portfolio.

So What Would $100 Have Made You a Year Ago?

Before we look forward, let's look back. If you had invested $100 in each of the 24 stocks currently on our list exactly one year ago, here's where you'd stand today:

The strongest performer was Micron (MU). Results varied widely across the list, and not every stock outperformed the market — which is exactly why we recommend a diversified approach rather than picking just one.

This is a hypothetical, backward-looking illustration based on actual 1-year total returns for informational purposes only. It is not a guarantee of future performance, and past performance does not indicate future results.

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