I serve as the senior MLP research analyst for CBRE Clarion Securities, a global asset management firm based in Radnor, PA. My primary focus is on investing in Master Limited Partnerships (MLPs) within a larger infrastructure investment team.
Recently retired Sales Executive: Worked for Philips, Hisense, Meijer, Highland, Fretter and several other retailers. National Account Director for Sears, K-Mart, called on Meijer, Shopko, Fred Meyer, ABC Warehouse, Menards, Walgreens, Musicland and numerous other retailers.
Worked as a buyer for Meijer, Highland, Fretter, Home Appliance Mart and Adray Appliance.
Investing in stock for over 40 years.
WHO AM I? Old (55+). BS & MBA in finance. 17 years in financial services industry. Owned/operated small business for 8 years. Professional investor for past 13 years. INVESTMENT METHODOLOGY The best description would be swing trader/investor over multiple time frames. My objective is to outperform the market on a risk adjusted basis. I treat my investing as a business by measuring my performance continually and setting up systems that force me to reexamine my decisions and manage portfolio risk. I actively invest about 40% of my net worth and continually move profits from an active to passive (indexed) platform. I believe a indexed/diversified portfolio approach is best for most (certainly my wife) but also believe that trading/investing is a skill that some can capitalize on. I currently own long term stocks like JNJ/PEP/NSRGY that I would be happy to hold forever, however, I will sell if they reach an extreme overvalued level. Most of my active trading involves opportunities that will occur over a period of 1 week to 6 months. SOME OBSERVATIONS ABOUT MARKETS AND INVESTING The best description of markets I've ever heard is that "Markets Are Social Systems" (Ray Dalio, Bridgewater). Prior to that I'd heard markets described as "A Game" from people as diverse as Joseph Granville and Bill Drunkenmiller. The description of markets as "A Game" never really sat right for me.... it was missing something. The "Social System" description is perfect for me because it reminds me that not everyone thinks or is looking at the market like I am. I believe that investing is like most professions. Some will be better than average, some worse than average, and the vast majority average. Those above average will educate themselves, spend more time on their profession, treat investing seriously and have a love for the "game". For me... the most important characteristic for success is self reflection... the ability to question yourself and your decisions. If you can't take a loss, you will never outperform. In most professions it pays to specialize, same with respect to investing. Concentrate on what you do best, gain an edge. If you are looking at the same thing as everyone else, what are the odds that you have special insight? If you do a professional search, you will find that very few professional investors in the large cap space are generating much alpha. Too many people looking at the same thing. In crisis there is opportunity (Yes, old chinese proverb) . Pay attention to how you "feel" when you invest. If you are frightened to hit the "buy" button, it's probably a good trade. Spend more time thinking and less time acting. Accept the feedback the market provides... it's not personal. FAVORITE QUOTE.... "The Truth is rarely pure and never simple" Oscar Wilde 1895. Yes, picked that up in a Irish Bar (Cairns AUS). PORTFOLIO PERFORMANCE 2003 +37.1% 2004 +22.3% 2005 +14.4% 2006 +25.7% 2007 +21.5% 2008 (-43.7%) 2009 +121% 2010 +49.2% 2011 +44.8% 2012 +6.5% 2013 +126.3% 2014 +12.4% 2015 -1.1% 2015 2016 +34.2%
Just a small time private investor that is currently investing in oil & gas related energy names from Canada in order to generate dividends and income in case I ever get to retire. Still trying to find those monthly dividend payers for future income.