The author works at a long horizon multi asset class investment management organization; and has been in the markets professionally for two decades. Avocation is unusual situations, as well as instruments with embedded options. Has a bias toward misunderstood, illiquid, potentially "yieldy" types of securities that have lost their narrative, and thusly, their holder constituency. Likes securities which have a "hard" net asset value that can potentially be used as a safety net if circumstances do not cooperate with the intial analysis. In most cases, prefer to find investments where time is in the holders favor - whether it means value is being recognized by a slow moving liquidation, or a legal process that is being ground out, or even the demise of control shareholders / management. These "thin file" investment ideas mean that most of the leg work has to be done by the investor themselves, rather than relying on sell side analysts, or external third party firms. Primary sources of research include corporate filings as well as competitor and peers filings, and an understanding of management's incentives/motivations for certain outcomes. Current focus areas include most of the unusual wrapper yieldy vehicles that would not go into conventional capitalization weighted indices such as FI CEFs, BDCs, MLPs, REITs, mREITs, Royalty Trusts and so forth.
I invest (technically) part-time, but I love the markets and immerse myself in them daily. I enjoy writing about my investment ideas as it helps me to organize my thoughts and I am happy to share if it helps others. I invite criticism as it will help sharpen my ideas, so please tell me where, in your opinion, I am going wrong.
I am a keen dividend growth investor with a new found passion in the stock market and buying income on sale. Although a fan of the lower risk DGI method, I am all in for financial freedom and attempting to retire by 30. I am therefore willing to take on more risk to get there and I am now investing into higher yield stocks predominantly MReits, BDCS and Reits. I firmly believe that this approach will get me there faster alongside investing in undervalued dividend growth stocks that will compound better in the long run. I am looking at a complete 50/50 split of DGI growth stocks for stability and 50% high yield alternatives.
Worked for big software and financial companies for 20+ years. Investing for past 15+ years his own portfolio. Eclectic approach biased toward value investing, dividends, trend investing, CEFs, option selling and hedging at market extremes.
25+ years experience as an investor. Fundamental, bottom-up approach, research-driven focus; buy / sell; value-oriented; special situations; catalyst investor; expertise in distressed company / bankruptcy analysis.
Individual investor in stocks, currencies and real estate in the US and overseas.
Part time channel check research for event-driven trades for one hedge fund client (which taught me how much I invested while knowing so little).
Teach at Riga Business School
Mandelbrot 1, Fama/Malkiel 0
Keynes 1, Austrians 0
De before In (flation)
When there's nothing good to do, do nothing.
When fear is expensive, sell the fear and buy the underlying.
When greed is expensive, sell it and the underlying.