The Hulbert Financial Digest is a monthly newsletter that tracks and rates investment advice newsletters, according to MarketWatch. The digest tracks over 180 stock and mutual fund letters covering over 500 individual investment portfolios.
Though not intended to be a newsletter offering its own investment advice, the digest rates the claims and performance of the advice from the newsletters it tracks, states MarketWatch. The digest was established in 1980 by Mark Hulbert, a financial adviser and journalist who has been the editor of the newsletter throughout its 20-plus year history. He founded the newsletter after he tested the promised investment returns claims of several prominent newsletter editors and found those claims to be highly exaggerated. The purpose of the newsletter is to track the performance of these and other editors to hold them accountable to their investor readers.
Fewer than 20% of investment newsletter recommendations beat the market over time, and the Hulbert Financial Digest is designed to help investors identify which newsletters fall into that category, explains MarketWatch. Each week, the digest provides a list of top-performing newsletters ranked by varying short- and long-term time frames. Each month, the digest also provides more detailed information on the history and strategies of four highlighted investment newsletters with analysis and commentary on their performance.