In its 29th year of publication, the Birinyi Newsletter, entitled Reminiscences (in honor of the classic Wall Street chronicle by Edwin Lefevre), remains a popular method of accessing the industry-leading research and analysis provided by Birinyi Associates. Available in two convenient forms of subscription ($225 per year or $22.99 per month), the Newsletter is published monthly and features access to the Birinyi Stock Ratings service (posted weekly on the client portal). The newsletter is sent via email on the last Wednesday of each month, after the market close. Subscription and payment can be made easily and securely right here.
*The performance information shown herein is hypothetical and represents past performance, which is not a guarantee of future results. The above chart is for illustrative purposes only. Individual investor results may have varied significantly. The above chart was created to show the returns that would have been generated if investments had been made on the basis of recommendations made in Birinyi Associates’ monthly newsletter, Reminiscences, and investors should not assume that their investments would have returned a similar amount. The performance results shown were calculated assuming the purchase of 100 shares of each security when it was initially recommended and that each security was held until its removal from the newsletter portfolio. No adjustment has been made for the effect of commissions, taxes, fees or other expenses. As a result, performance for the specified periods with respect to actual investments may have differed materially from the performance information herein.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Market index information shown herein, such as that of the S&P 500 (an index of 500 of some of the largest and most liquid publicly traded U.S. stocks) is included to show relative market performance for the periods indicated and not as standards of comparison, since these are unmanaged, broadly based indices of U.S. public equity securities which differ in numerous respects from the composition of recommendations made in Birinyi Associates’ monthly newsletter, Reminiscences. Market index information and other information presented herein was compiled from sources believed to be reliable; however, Birinyi Associates does not make any representations or guarantees hereby with respect to the accuracy or completeness of such data.
Birinyi Associates’ monthly newsletter, Reminiscences, is prepared and circulated for informational purposes only and is not intended to provide specific investment advice or recommendations to any particular recipient. The recommendations made herein do not take into account the particular investment objective or financial or other circumstances of any individual investor. Neither the recommendations made herein, nor the graphs, charts and formulae presented herein, can, by themselves, guide any investor as to what securities should be bought or sold or when to buy or sell them.
The terms “Conservative”, “Growth” and “Trading” are used only as reference points to the Reminiscences newsletter portfolios and are not meant to imply any degree of risk. All investments involve risk and since no one investment is suitable for all types of investors, it is important to review investment objectives, risk tolerance, tax liability and liquidity needs before choosing a suitable investment.