Top 6 resources for piggyback investing

by on February 3, 2010

Piggyback investing is the art/science of building portfolios based on mimicking the stock picks of some of the best superinvestors — asset spyingmanagers who have exhibited long term market-beating results.

Early research (check out some here) has shown that investors can achieve similar returns by piggybacking as the can by investing directly with the asset managers themselves (something only a very wealthy investor can do).

Here are a few of the best resources I’ve found for piggyback investing:

  1. AlphaClone: My personal favorite (read my review of the site as a cure to investor insanity).  Beyond just tracking the portfolio moves of top asset managers around the world, AlphaClone has built a full-blown research platform that allows investors to test piggybacking strategies to optimize returns.
  2. MarketFolly: Great site with ongoing commentary on what guru investors are buying and selling and why.  You can get investor letters as well as some analysis on the stocks themselves that investors are buying.
  3. Manual of Ideas: You should be reading this as well as subscribing to the premium newsletters.  Great stuff here that analyzes top investors’ moves and puts together screens and portfolios of some of the best picks of superinvestors like Warren Buffett, Bill Ackman, and Joel Greenblatt.
  4. Covestor and kaching: Two leading investment communities where both professionals and arm-chair portfolio managers manage real (Covestor) and virtual (kaching) portfolios where outside investors can use to generate new ideas.
  5. GuruFocus: Interesting free and premium offerings that track top guru buys as well as insider transactions.  Can download results into spreadsheets for more analysis.
  6. HedgeFundLetters: This site links out to the monthly/quarterly/yearly letters top hedge funds and other asset managers send to their investors.  Reading the wisdom of guru investors — what they’re buying and why — and how they describe the investment process in general is an amazing educational resource.

Anything I missed?  Have your own favorite piggyback investing resource? Let me know in the comments below.

Additional Resources

Tagged as: alpha clone, alphaclone, guru investor, piggyback investing, warren buffett

  • http://www.marketfolly.com marketfolly

    Thanks for the inclusion, we're honored! Agree with your list, all great resources and it seems piggybacking is becoming more and more popular these days after tons of investors lost money in '08.

  • http://classic.abnormalreturns.com/2010/02/wednesday-links-low-yield-conundrum/ Wednesday links: low yield conundrum Abnormal Returns

    [...] Some resources for those of you interested in “piggyback investing.”  (New Rules of Investing) [...]

  • David Laster

    Outstanding Investor Digest. Excellent interview with great investors http://www.oid.com

  • http://newrulesofinvesting.com/2010/02/23/the-anti-galleon-model-4-good-resources-to-insider-trade-legally/ The anti-Galleon model: 4 good resources to insider trade — legally | New Rules of Investing

    [...] up on recent theme showcasing 6 top resources for following top hedge fund managers (piggyback investing) and the web’s best stock screens, I’d like to spend a little ink [...]

  • http://alphaclone.com/ AlphaClone

    This is belated but thanks a ton for the shout out! We added a couple of new features over the past several weeks including 13G/13D email alerts and the ability to drill down on historical holdings for any fund as far back as 2000. We also added several new funds – most of which are fundamentals driven hedge funds – they tend to make for attractive clones!

  • http://www.tradestreaming.com/2010/02/23/the-anti-galleon-model-4-good-resources-to-insider-trade-legally/ The anti-Galleon model: 4 good resources to insider trade | Tradestreaming

    [...] up on recent theme showcasing 6 top resources for following top hedge fund managers (piggyback investing) and the web’s best stock screens, I’d like to spend a little ink [...]

  • http://www.tradestreaming.com/2010/02/09/the-webs-best-stock-screens-looking-for-the-next-winning-investment/ The Web’s Best Stock Screens: Looking for the next winning investment | Tradestreaming

    [...] of Ideas: Mentioned in my post from last week, Top 6 Ideas for Piggyback Investing, MOI has both free and premium screens like 10×45 Bargain Hunter, European Value Report, [...]

  • http://newrulesofinvesting.com/2010/03/15/new-study-shows-stanky-returns-for-sp-over-last-50-years/ New study shows stanky returns for S&P over last 50 years | New Rules of Investing

    [...] costs and future returns.  Low commissions, tons of free content online, crowdsourcing, screening, piggyback investing, and trade mirroring — all these essentials of the New Rules of Investing (and part of my [...]

  • http://newrulesofinvesting.com/2010/02/09/the-webs-best-stock-screens-looking-for-the-next-winning-investment/ The Web’s Best Stock Screens: Looking for the next winning investment | New Rules of Investing

    [...] of Ideas: Mentioned in my post from last week, Top 6 Ideas for Piggyback Investing, MOI has both free and premium screens like 10×45 Bargain Hunter, European Value Report, [...]

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