My first bad experience was in Oct 1987, whenI lost my shirt but kept my pants. Every day I learn. Like to give a shout out to Apple for an unpleasant relearning of the importance of margins.
Some trading is based on dividend ex-dates and valuations. Also do a fair amount of trading in energy stocks. Always have a sense of the macro investment environment and look for stocks in the sectors with an advantage.
I like open minded investors, who will buy a stock based on the valuation.
Follow SEC form 4 fillings and keep watch lists based on insider buying - like to see a cluster of insider buying or a lot of insider purchases over a long term. Like lots of cash and no debt on balance sheet.
Will buy almost anything if it is cheap enough and there seems to be a catalyst.
Look at the financial statements very carefully.
Independent investor with twenty years of trading experience across multiple asset classes. Main focus is on equities and fixed income with emphasis on deep value and special situations. Former head of fixed income derivative trading at top tier U.S. financial institution.
Eric Boughton, CFA, is the portfolio manager for the Matisse Discounted Closed-End Fund Strategy (MDCEX), an open-end mutual fund aiming to produce superior risk-adjusted returns by purchasing income-producing closed-end funds at significant and unwarranted discounts to NAV. His statistical model searches the entire universe of US CEFs daily and selects funds best positioned for both capital gains and income. The result is a diversified, globally balanced portfolio.*
Eric has over 15 years of investment experience, most recently as a Portfolio Manager and Analyst with 1st Source Investment Advisors, where he co-managed a publicly traded mutual fund, created the firm’s outside mutual fund recommended list, analyzed individual equity securities, and devised a quantitative approach to fundamentals-based security selection.
Eric received a BS in Mathematics--Applied Analysis from the University of Houston in 1997, graduating at the top of his College, and is a CFA (Chartered Financial Analyst) charterholder.
*Before investing, please read the fund's prospectus. Past performance is no guarantee of future results.
Individual investor creeping toward retirement and looking for income.
30 yr career working in the timber industry mostly as a millwright in a power plant and plywood factory.
last 10 yrs working in a campus steam heating plant as the maint. mechanic.