Core Alpha Research · Nº 002 · Model Portfolio Ledger HYPOTHETICAL

An append-only record of a hypothetical portfolio.

Horizon: a 10-year-plus holding. Momentum is volatile and rotates; it needs time to compound through drawdowns.
Role &amp; size: a satellite growth sleeve (think ~10–30% of an equity allocation), not a whole portfolio. It stays fully invested , there is no de-risking glide path.
Best account: tax-advantaged (IRA / Roth), where its short-term gains are sheltered; model the dollar benefit in the After-Tax&nbsp;Lab .
Minimum size: below roughly $50–100k, fixed trading and rebalancing friction erode the edge.
Not for: money needed within ~5 years, or anyone who couldn't sit through a ~${ddPct}%-type drawdown.

Hypothetical Model Portfolio, backtested; research only, not investment advice. The model is the Unconstrained Core Alpha Strategy, a long-only, fully-invested cross-sectional momentum rotation (unbiased, no factor tilt; a tax-efficient Tax-Managed Core Strategy is the offline-validated taxable companion), marked daily net of cost, vs buy-and-hold VT (global) and VTI (US) on the same total-return basis. Append-only: history is never recomputed. The full curve is a hypothetical backtest, the strategy applied retroactively to historical data, not actual trading and not any client account.

Driftwood Wealth is the private-wealth practice of Alec Messino. Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA, SIPC. Alec Messino is a Registered Representative and Financial Advisor of PAS. Driftwood Wealth is not an affiliate or subsidiary of PAS. All figures are illustrative models for educational purposes, not investment, tax, or legal advice, and not a recommendation. Privacy Policy · Terms of Use.

Intended for sophisticated investors; these are hypothetical model results, not advice, and may not be relevant to your situation.