---
title: "Top 20"
url: https://investbymodel.com/
description: "Archived pages of Invest By Model, the 2008-2011 investment newsletter by Alan Brochstein, CFA: model portfolio records, performance methodology and an index of the."
---

# Top 20

[Invest By Model](https://investbymodel.com/)

An Investment Newsletter

Stock Selection by Alan Brochstein, CFA

- [About Us](https://investbymodel.com/AboutUs/)
- [Security Pricing](https://investbymodel.com/Legal/Pricing/)

## Fresh entries

[01**7 Telecommunication Stocks Modernizing Copper Networks with Fiber**Sep 14, 2026](https://investbymodel.com/7-telecommunication-stocks-modernizing-copper-networks-with-fiber/)

[02**5 Quantum Stocks Developing Aerospace and Space Applications**Sep 10, 2026](https://investbymodel.com/5-quantum-stocks-developing-aerospace-and-space-applications/)

[03**5 Quantum Stocks Partnering with Universities and National Laboratories**Sep 09, 2026](https://investbymodel.com/5-quantum-stocks-partnering-with-universities-and-national-laboratories/)

[04**5 Asian Quantum Stocks Advancing Quantum Technology**Sep 05, 2026](https://investbymodel.com/5-asian-quantum-stocks-advancing-quantum-technology/)

[05**5 Telecommunication Stocks Expanding Rural Broadband Access**Aug 22, 2026](https://investbymodel.com/5-telecommunication-stocks-expanding-rural-broadband-access/)

[06**Pure-Play Quantum Stocks Aren't the Only Option: 7 Ways to Invest in Quantum Computing**Jun 15, 2026](https://investbymodel.com/pure-play-quantum-stocks-aren-t-the-only-option-7-ways-to-invest-in-quantum-computing/)

[07**7 Quantum Stocks With Revenue and a Clearer Route to Commercialization**Feb 25, 2026](https://investbymodel.com/7-quantum-stocks-with-revenue-and-a-clearer-route-to-commercialization/)

[08**7 AI and Quantum Stocks Positioned for the Hybrid Computing Era**Jan 03, 2026](https://investbymodel.com/7-ai-and-quantum-stocks-positioned-for-the-hybrid-computing-era/)

[09**7 Hybrid Quantum Computing Stocks Investors Should Know**Dec 29, 2025](https://investbymodel.com/7-hybrid-quantum-computing-stocks-investors-should-know/)

[10**7 Hybrid Quantum Stocks Bridging Classical and Quantum Systems**Dec 24, 2025](https://investbymodel.com/7-hybrid-quantum-stocks-bridging-classical-and-quantum-systems/)

Model portfolio

The Top 20 model represents our 20 best long ideas in U.S. equities The goal is to beat the broad market, as represented by the S&P 500. Names in the portfolio are diversified by sector.

Model record

$100,000.00 invested on 5/26/2008

Vs. S&P 500 Index

This portfolio is independently monitored by Hulbert Financial Digest, a Marketwatch Company.

Source: [/Model/Top_20/](https://investbymodel.com/Model/Top_20/), figures as printed on 5/7/2011. [Full entry](https://investbymodel.com/glossary/top-20/)

## Topics

- Model Portfolios (4)
- Performance and Pricing (9)
- Subscription (6)
- Terms of Use (5)
- Publisher (3)

## Letters in use

A B C E F G H I M N P Q R S T

[Full A–Z index of 27 terms](https://investbymodel.com/glossary/)

## Original routes preserved

- [/Model/Top_20/](https://investbymodel.com/Model/Top_20/)
- [/Model/Conservative_Growth_Balanced/](https://investbymodel.com/Model/Conservative_Growth_Balanced/)
- [/Model/Sector_ETF/](https://investbymodel.com/Model/Sector_ETF/)
- [/AboutUs/](https://investbymodel.com/AboutUs/)
- [/AboutUs/Tips/](https://investbymodel.com/AboutUs/Tips/)
- [/Legal/Pricing/](https://investbymodel.com/Legal/Pricing/)

## Model Portfolios

- [Top 20](https://investbymodel.com/glossary/top-20/) Model Portfolios The service's 20 best long ideas in U.S. equities, benchmarked against the S&P 500.
- [Conservative Growth /Balanced](https://investbymodel.com/glossary/conservative-growth-balanced/) Model Portfolios A balanced model benchmarked to 60% S&P 500 and 40% Barclays Aggregate Bond.
- [Sector Selector ETF](https://investbymodel.com/glossary/sector-selector-etf/) Model Portfolios An ETF-only model that aims to beat the S&P 500 using sector exposures.
- [Model Portfolio](https://investbymodel.com/glossary/model-portfolio/) Model Portfolios A published portfolio a subscriber could reproduce in their own online account.

## Performance and Pricing

- [Existing Positions](https://investbymodel.com/glossary/existing-positions/) Performance and Pricing Positions already held, priced at the close of each trading day.
- [Additions and Deletions](https://investbymodel.com/glossary/additions-and-deletions/) Performance and Pricing Changes to a portfolio, priced on the session following the notice of change.
- [Portfolio Performance](https://investbymodel.com/glossary/portfolio-performance/) Performance and Pricing Aggregate change of positions including interest and dividends, before expenses.
- [Trailing Returns](https://investbymodel.com/glossary/trailing-returns/) Performance and Pricing Return columns printed for YTD, 3, 6 and 12 months, inception and annualized.
- [Annual Returns](https://investbymodel.com/glossary/annual-returns/) Performance and Pricing Calendar-year returns printed for each model beside its benchmark.
- [Quarterly Returns](https://investbymodel.com/glossary/quarterly-returns/) Performance and Pricing Quarter-by-quarter returns printed under year tabs from 2008 to 2011.
- [Benchmark](https://investbymodel.com/glossary/benchmark/) Performance and Pricing The index each model was measured against on its own record page.
- [Since Inception](https://investbymodel.com/glossary/since-inception/) Performance and Pricing Return measured from the date each model was funded with $100,000.00.
- [Hulbert Financial Digest](https://investbymodel.com/glossary/hulbert-financial-digest/) Performance and Pricing The independent monitor cited on all three model records.

## Subscription

- [Shares Needed](https://investbymodel.com/glossary/shares-needed/) Subscription The share count a subscriber's entered portfolio value produced for each holding.
- [Free Trial](https://investbymodel.com/glossary/free-trial/) Subscription A 30 day trial giving full access to holdings, research and trade alerts.
- [Subscription Fee](https://investbymodel.com/glossary/subscription-fee/) Subscription $20 per month after the trial, cancellable at any time.
- [Trade Alerts](https://investbymodel.com/glossary/trade-alerts/) Subscription Emailed next-day trade notices, colour coded green for buy and yellow for sell.
- [Copy Our Model](https://investbymodel.com/glossary/copy-our-model/) Subscription The site's own name for reproducing a model portfolio in a separate account.
- [Refund Policy](https://investbymodel.com/glossary/refund-policy/) Subscription The monthly subscription fee was non-refundable; cancellation took effect at month end.

## Terms of Use

- [Individual Investor](https://investbymodel.com/glossary/individual-investor/) Terms of Use The only category of person the membership was granted to.
- [Content](https://investbymodel.com/glossary/content/) Terms of Use The site's defined term for everything it published or gave access to.
- [No Personal Advice](https://investbymodel.com/glossary/no-personal-advice/) Terms of Use The site stated it did not provide financial advice and was not responsible for decisions.
- [Grant of Rights](https://investbymodel.com/glossary/grant-of-rights/) Terms of Use A non-exclusive, non-transferable right of access for the duration of the membership.
- [Governing Law](https://investbymodel.com/glossary/governing-law/) Terms of Use Florida law, with jurisdiction in Broward County only.

## Publisher

- [AB Analytical Services](https://investbymodel.com/glossary/ab-analytical-services/) Publisher The Houston firm that owned and operated the site.
- [Alan Brochstein, CFA](https://investbymodel.com/glossary/alan-brochstein-cfa/) Publisher The publisher and stock selector named in the masthead of every page.
- [RainBox Portfolio Software](https://investbymodel.com/glossary/rainbox-portfolio-software/) Publisher The portfolio software credited in the site footer.

## Most recent dated material

- [Sector Selector ETF](https://investbymodel.com/glossary/sector-selector-etf/)figures printed as of 12/7/2011 — [/Model/Sector_ETF/](https://investbymodel.com/Model/Sector_ETF/)
- [Since Inception](https://investbymodel.com/glossary/since-inception/)model funded 4/28/2011 — [/Model/Sector_ETF/](https://investbymodel.com/Model/Sector_ETF/)
- [Trailing Returns](https://investbymodel.com/glossary/trailing-returns/)figures printed as of 5/7/2011 — [/Model/Top_20/](https://investbymodel.com/Model/Top_20/)
- [Conservative Growth /Balanced](https://investbymodel.com/glossary/conservative-growth-balanced/)figures printed as of 3/23/2011 — [/Model/Conservative_Growth_Balanced/](https://investbymodel.com/Model/Conservative_Growth_Balanced/)
- [Subscription Fee](https://investbymodel.com/glossary/subscription-fee/)$20 per month, user tips page — [/AboutUs/Tips/](https://investbymodel.com/AboutUs/Tips/)
- [Existing Positions](https://investbymodel.com/glossary/existing-positions/)security pricing page — [/Legal/Pricing/](https://investbymodel.com/Legal/Pricing/)

## Editorial and source note

Every definition on this site is quoted from the page named beneath it. Invest By Model published between 2008 and 2011 and no longer operates. The return figures reproduced here are the figures printed on the original pages on the as-of dates those pages carried, and they are reproduced for reference only. Nothing here is a recommendation, and no figure has been recalculated, updated or extended. .
