I am an Israeli of American origin. I've spent 25 years of my life in the US, 22 in Israel. Born in Juneau, Alaska, I now live outside of Tel Aviv.
I am a licensed attorney in New York and Israel, and an active real estate investor. As far as formal education goes (over-rated!), I have 5 Degrees (4 graduate, including a JD, MA, MBA and a LLM), from Michigan, Colorado, Hebrew U and Tel Aviv U. I spent three years at a free market think tank and working in the Israeli Knesset. During that period I published two economic policy papers. I serve as a reservist in the Israel Defense Forces.
I am proud to say that I sold 98% of my stock portfolio in July '06 because I felt that the markets had peaked (the Doww was over 14,000 when I pressed the sell button). We used the money towards buying a duplex down the street (here in Israel - not the US!). Five years later, the duplex is up 90% and the 2% remaining stocks still haven't broken even!
I started actively investing again in June '10, after selling another investment property. So far so good. In the second half of 2010 I had an IRR of 37%. For the first 6 months of 2011 - IRR 26%.
My spare time is devoted to my wife and four children. Amitai is 17, Nadav is 14, Aiden is 12,and Matan is 7.
While I have a MBA in finance, I do not see myself as a securities markets professional. I like real estate investment far more! Still, I feel comfortable in my convictions. I feel that I know what I am doing with my portfolio.
"Average Joe" would be a more appropriate avatar but that name is already used. I am a conservative and much of what I comment on is just political ranting. However, politics plays a huge role in the ups and downs of the economy so I think it is appropriate - maybe just in a different venue.
Half of my investments are under an "advisor" and half self directed. I have seemed to lose just as much as the advisors in down-turns but have outperformed them on the way up.
I am still employed by an aerospace company and have been fortunate in working with both Airbus and Boeing engineering. I have not had formal financial training - just a lot of hopes for the future. My greatest hope at this time is that our government does not ruin the future for all of us "average Joes".
I'm a trend follower. I follow the long term trends. I also follow the advise of investors like Warren Buffett, Jim Rogers, Peter Schiff, David Morgan, and Ted Butler... I am heavily weighed in commodities (80% +/- 5% in commodities related stocks and ETFs). My overall outlook for commodities is bullish and my overall outlook for the US dollar is bearish, unless we revert to the gold and silver backed currency.. or a currency backed by a basket of commodities (energy, lumber, agriculture, basic and precious metals, etc.). As far as bullion goes, I have a ratio about 35% gold and 65% silver in terms of dollars, and approximately 1:110+ gold-silver ratio in terms of ounces. I am also invested in clean energy companies for the future trend favoring clean energy. I like Wind energy and Geothermal energy more than solar due to being able to deliver power more cost-efficiently. Hydro power, although considered clean, causes much more environmental destruction.
Disclosure: Long Gold & Silver Bullion, SLW, ERF, APWR, HTM, & (RYBIX, RYPMX, RYVIX)
I have been an investor in various forms for the past 30 years. I try to be flexible and go with what appears good at the time. I have managed more positive results than negative. I used to own lots of single family homes, but managed to sell most of them before the real estate crash,(how I managed to see it and people making millions more than me did not, remains a mystery). I now am invested in gold and energy and I appreciate the work of many of the folks here who share their knowledge. My best investments have come from the hard work of others. I just try to synthesis there knowledge into action.
Dan Remy, MBA, is the owner of Remax Financial Services engaged in Business Valuation and Financial Consulting to corporations and high net worth enterpreneurs and investors. He is a former Edward Jones Investment Executive, retired IBM corporate executive for business development, and a former Professor of Economics and Finance at N.Y.I.T., Long Island, NY.
Mr. Remy was the M&A Executive at Volkswagen AG in the acquisition of eight companies to bolster sagging car sales in the mid 1970s. At IBM, he led the startup of the Optical Storage business and was instrumental in the startup and marketing strategy for IBM Global Services shifting IBM market strategy from hardware/software to client services and business consulting. Subsequently, he held Senior Principal Consultant positions at AT&T and Cisco Systems in business analysis and development.
Remax Financial maintains several investment portfolios that are Value and Dividend/Yield driven and optimized for vacillitudes and uncertainty in the current global economics and financial markets. The range of investment vehicles include: MLPs, Investment Trusts (energy+ all sectors), Preferred and common stock, Convertible Stocks/Bonds, ETFs, Corporate and Treasury Bonds, and Hard Asset holdings, The objective is to generate a steady dividend and yield income stream above 10 percent per annum using high Value investments with: low debt; free cash flow; low P/B P/S,and PEG; and, sustained ROE/ROA.