Seven research articles published between January and March 2025 named thirty-three securities. This is what a million dollars, split evenly across every one of them and bought at the close on the day each article ran, would be worth today. Nothing was sold, nothing was rebalanced, and nothing was chosen after the fact.
The book is the complete list of names the articles mentioned, not a selection made afterwards, and every entry price is the closing price on the publication date — the first price a reader could have paid. Cash earns nothing while it waits, so the book takes ten weeks to fill and the market is given a head start.
| Over the period | LFA | S&P 500 |
|---|---|---|
| Total return | +50.3% | +32.7% |
| Annualized return | +28.1% | +18.7% |
| Maximum drawdown | 24.2% | — |
| Positions | 33 | — |
| Positions in profit | 75.8% | — |
Valued on closing prices for every session between the first entry and the last mark, so the line is what the book was worth on each day rather than a line drawn between two points. No commission, spread or borrow cost is charged, and dividends are not reinvested.
The last two columns are the highest price each name reached between its entry and today, with the date it got there. Sold at every one of those highs the book would have been worth $2,313,882. Nobody hits them — the figure is here because it shows how much of each move a buy-and-hold book actually kept. Click any column to sort.
| Name | Article | Bought | Entry | Last | Return | Contribution | Best price | Best return |
|---|
No capital was deployed. LFA manages nothing and has never managed anything. It is a record of what happened to securities named in published writing, priced after the fact. It is not offered, and no allocation can be made to it.
It is not a systematic strategy. The other work on this site is specified in advance and executed without discretion. This is the opposite: a fixed list of names chosen by judgment, bought once and held. It is published because the list was published first and cannot be revised now, not because it represents how Rionda invests.
The period is short and the sample is small. Thirty-six positions over roughly a year and a half, in a window when the broad market rose more than thirty per cent. A result like this one carries almost no information about whether the judgment behind it is repeatable.
Costs are excluded. No commission, no spread, no borrow, and dividends are not reinvested. A real account would sit below this line, though for a book bought once and held the difference is small.
The list is complete. Every security named across the eight articles is included, in the proportions described, with no name added or removed after publication. That is the one claim on this page that the passage of time cannot weaken.