The Carnegie Endowment for International Peace is a private, nonprofit organization dedicated to advancing cooperation between nations and promoting active international engagement by the United States. Founded in 1910, its work is nonpartisan and dedicated to achieving practical results. The Endowment—currently pioneering the first global think tank—has operations in China, the Middle East, Russia, Europe, and the United States. These five locations include the two centers of world governance and the three places whose political evolution and international policies will most determine the near-term possibilities for international peace and economic advance.
Former Management Consultant at a large big four accounting firm focusing on strategic initiatives, current state assessment and large global organizational transformations. Experienced in process improvement and design as well as project management, and organizational strategy and change management. Currently attending law school.
I worked for 3M company, where I learned sales. I started my own company and learned about taxes, and given the seriousness of mortgage-backed obligations (Wherein you lose the house, wife and kids) I learned to outperform myself for my customers. I got older, and my wife and I decided to "give back" and we took over occatholicworker.org. and made it solvent and useful. We serve both the poor and the church, because some people see a difference.
Finished CFA level 1 & CAIA level 1 in a breeze. Looking forward to CAIA level 2 and CFA level 2. Made top 1% on the Bloomberg BAT, but was a black sheep at my mediocre college, and I was foolish to let it affect me. (non-traditional student)
Hope to write some quality articles in the coming year.
I was playing with fire my first year in the market, using a lot of call options. It was easy to make 50+% gain in 1st yr, summer '13 to summer '14 (thank you bull mkt). This past half year has been a little rough; I wish I had acted more decisively on material information about the energy market and the movement of the Ruble ($YNDX is a favorite).
I remember announcing the probably course of events to family the morning after OPEC's Thanksgiving's Day announcements, and I regrettably decided to wait it through b/c our professors chided us to take a buy and hold approach, and b/c I had bought some quality energy names at very fair prices in October. In retrospect, I realize the importance of optionality or in a sense, degrees of freedom.
In this case, I realize I am too committed to a base scenario (energy stocks recovering in the next year) that has too much opportunity cost. If the price adjustment cycle lasts longer than the expected scenario, then I will be unhappy with the opportunities lost. An equal weight short position would have been an ideal temporary maneuver, expressing my short-term thesis, while not causing commitment angst in the present, hoping for the long-term adjustment to blow over.
I was entrusted with a fresh 100K family capital this past summer, and I plan to be more prudent and thorough (obviously with minimal leverage or derivatives). This market is a little dangerous with high debt loads in China, somewhat high valuation levels (horrible Schiller CAPE ratio, but not sure if that matters as much), and jitters over rate hike, Ukraine, terrorism, epidemics, difficulty of private sector adjusting to Obamacare, and possible fiscal & monetary stimulus tapering.
I think low energy prices is a great stimulus, but the possibilities of a perfect storm with semi-hard landing in China or Europe, a serious violent flare-up with Russia or the Terror War, and disease outbreak could somehow happen at just the wrong time (perhaps, right after a rate hike).
I've read a fair amount of Buffett. But I love the tech industry mostly. To humor Buffett (a tech dinosaur), I bought a tiny bit of IBM. It has been working hard to transform its whole business, and actually has some top-notch talent and product portfolios with a fairly conservative valuation. The market is probably right that is a long-shot that IBM will grow significantly again, despite its immense technology assets and partnerships. Recent comment: feel lucky to have exited IBM at a small gain; mulling a re-entry and annoyed that I missed the recent Google explosion. Google is solidifying its reach and ecosystem, but at steep multiples.
I've been away from investing for much of the past half year (now dec'15), partly because I was getting cyberattacks on my twitter account, my computer, and broker connection was being intercepted, which made me very uncomfortable. My car also very suddenly needed an engine replacement that same week, despite a thorough check-up a month prior. I'm having a hard time moving forward, after severe blacklisting after-effects, (too long & weird to discuss).
CAIA & CFA level 1s were super-easy even though I was underprepared. I look forward to embracing the challenge. I will end up working in Europe or abroad, if I have to. Lucky to get tons of invites from Bloomberg recruitment due to top notch scores, but haven't really applied b/c of crummy school issues. Plan to work on Wall Street Prep & hopefully some SA articles.
Dreamjob: working for a hedge fund focussing in equities, preferably with a multicultural bunch (I'm half european / half asian american)
Long-term dream job: top-notch hedge fund manager
My favorite time horizon: 3mo to 18mo, b/c best chance of having a direct connect with news & analysis. market moves too fast to be primarily buy & hold, albeit such a mid-term outlook forfeits the benefit of effective interest-free loan in the the form of deferred taxes (as Buffett makes use of) as well as benefit of a capital gains rate, but on the other hand, a mid-term outlook maximizes flexibility. I'm trying to stay more grounded in fundamentals, flesh out the invest case for a quite a handful of stocks, and balancing risks in wide portfolio. Plan to explore ETF's more.
Remember Animatronics? How about Claymation? Ah, those were the days.
Wonky (adj.): askew, awry, unsteady, off-kilter. Like gadgets or stock markets.
Techwonk (me): someone who likes wonky stuff. A nerd!!!!
disclosure: some posts may include input from other, uncredited sources
We are happy to answer trading questions from new traders, but will no longer provide specific stock recommendations except to investors we know well. Please do not take this personally. It takes effort to research your questions, thus we prefer to discuss stocks with traders who we know are serious students of the markets.
Repeating our comments from October onward: The oil market is unpredictable at present and beginners should not be trading any of these: oil futures, oil futures etfs, oil company stocks, oil exploration, drilling and supplies, or companies with oil as a large contributor to operating costs (oil-inverse stocks).
Oil will continue to lead the macro direction for at least the first half of 2015. We do not expect to see the bottom for oil pricing until mid-spring, possibly summer.
The industry is extremely complicated. Therefore, beginners should be purchasing only good -quality actively managed funds or sector etfs, and investing using dollar cost averaging. You should not be looking for short-term returns; that is, expect to hold the investment on a multi-year basis.
We recommend that investors who are adding to existing positions consider using the momentum technique of "buying upward" on individual stocks as production increases, rather than the value technique of "averaging downward" since it is uncertain when specific companies will return to full capacity. Prices will tend to stay lower than last year as long as earnings are lower, for most stocks.
Index traders should become familiar with the oil futures prices and commodity charts as well as your usual trading indicators.
David Ott is a founding partner of Acropolis Investment Management, LLC., a St. Louis Wealth Management firm that currently manages approximately $1.2 billion for individuals, institutions and 401k plans. In addition to working with clients, David serves the firm in a variety of capacities including serving as Chief Investment Officer. The Committee sets asset allocation policy, selects individual stocks and exchange-traded-funds (ETFs) for the Approved List, and determines the broad fixed income strategy (duration, credit exposure, etc.) for clients.