Convergence Investment Management is a Registered Investment Advisory firm that focuses on unique opportunities within the Closed-End Fund and Exchange Traded Fund marketplaces. We believe that the markets, while very efficient, are not perfectly efficient and that opportunities for superior risk adjusted returns exist for those willing to put in the work to identify short-term price dislocations. Charles “Chad” Gray is Convergence Investment Management’s Portfolio Manager. Prior to launching Convergence, Mr. Gray spent much of professional his career in Silicon Valley developing better data analytics platforms and data management techniques, many of which have been applied to the Convergence approach. Mr. Gray earned both an M.B.A. and M.S. in Electrical Engineering from Massachusetts Institute of Technology, and a B.S. in Engineering from Northwestern University. He has also earned the CFA designation and is an active member with the CFA Society of San Francisco.
Bank of America Corporation is a bank holding and a financial holding company. It is a financial institution, serving individual consumers, small and middle market businesses, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries and various non-banking subsidiaries, it provides a range of banking and non-banking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets and Global Wealth & Investment Management. In June 2011, it sold Balboa Insurance Company. On September 29, 2011, it ceased to be a substantial holder in Bow Energy Limited. On November 24, 2011, it announced that Bank of America Corporation ceased to be a substantial holder in the Company. In December 2011, its Bank of America Merrill Lynch closed its private banking unit in Brazil.
Building a passive income portfolio that is dividend-focused utilizing a diversified portfolio of Closed-End Funds, Business Development Companies, and REITs. Also, generating secondary income using an active income portfolio via covered calls and secured puts on dividend blue-chip companies.
I began writing articles on Seeking Alpha as a way to share my experiences with investing, as well as to generate some discussion from fellow Alpha Seekers in order to keep learning and growing as an investor.
My website is devoted to biblical financial principles, from saving and spending, to giving and investing and contentment.
Day trader whose strategy is based on arbitrages in preferred stocks and closed end funds.My group consists of 10 traders.We trade every single preferred stock or closed end fund that provides an arbitrage opportunity. Our research includes stocks that most of the people have not even heard. We have developed our own statistical tools that make most of our arbitrages statistically proven. As a trader I don't just analyse , I trade my analysis and pay the price when I am wrong.That is the main reason I respect opinions only when backed by taking the risk of being wrong.Words or opinions mean nothing in this business and the only person who is right about a certain situation is the one who makes money out of it.
I feel very lucky to have come across "Seeking Alpha". I'm 38 and I've been investing since I was 18 right out of High School. My investment platform during college (University of Missouri) was Foliofn. I then changed to Scottrade then to Motif Investing where I currently invest/trade.
My current long term holdings are JNJ, LMT, GM, USB, UPS, MSFT, AMGN, T, SO, GILD, AAPL, CAT, CSCO, PFE, GPC, HD, MET, CVX, FB, WFC, DOW, DIS, ABBV, O, PM, MAIN, FSRL, CVS, MDT, EPR, OHI, CELG, BIIB, TEVA, TGT, STAG, FLO, BA, GOOGL, STZ, SKX, CLDT, DAL. I've always been a huge fan of dividend investing and I'm constantly looking for quality U.S. equities that support a 2.5% to 5% annual yield. DGI is a new concept for me and I look forward to utilizing this technique moving forward. I've already learned so much from the excellent contributors here on "Seeking Alpha" and I look forward to becoming a smarter investor after each passing day of being on the site.
I am recently retired after a career working for equipment manufacturers for the cable television industry. Education is BSEE and MSEE from Lehigh University. Initally worked as a designer of microwave devices - vacuum tubes for radar applications at ITT then solid state GaAs devices at Monsanto. With this RF engineering background I moved on to the CATV industry in 1971.
Although I spent some time as general manager of several smallish divisions of the parent company, most of my experience has been in product management, marketing, and business development roles, developing strategies to match new technologies to emerging customer needs. Employers during this time were Texscan, Skyconnect, Philips, C-COR, and ARRIS.
Investment goals today are to transition my IRA nest egg to an adequate "paycheck replacement" portfolio in a sustainable way. Indeed a learning experience! Thus I have particular focus on finding the balance between high yield and safety within an IRA. Specific attention to REIT's, BDC's, CEF's, Dividend Champions, Preferreds, and opportunities with low market correlation.