Performance Update - July 2024

In the past month the MSMqi index declined a bit. However, we registered a new multi-bagger bringing the total to 31, meaning every third stock has now doubled.

With another month under our belt, it is time to look at what matters the most. Performance.

Down Month

Our index ended the month up 45.44%, on average since inception in February 2022. This represents a slight decline of 2.26%, compared to the previous month . This time around the indices got us. SP 500 is now up 31.76% since the inception of the MSMqi. This represents a jump of 4.3% for the month of June. NASDAQ crushed the market even more, but it still remains below the SP 500. The index was up 9.8% for the month and is up 28.58% since the inception of the MSMqi.

Average peak return - 100%

While the month was red, the peak average return continued to climb and is up to 100%. This means that the average stock in the index already doubled at one point in time. This confirms that the index is a great hunting ground for stocks that can truly run far, while the microcap indices lag far behind since inception of the MSMqi.

One New Multi-Bagger, Every Third Stock Now a Double

Despite the flat performance of the MSMqi, we saw yet another stock in the MSMqi reaching double status in June, BLBD. You can see all of the multi-baggers here.

Right now our track record shows that every third stock we add to the index at least doubles.