I am an amateur investor interested in holding long term but I maintain a healthy attitude toward speculative stocks. I read as much as time permits and take most of what I hear with a grain of salt. I do my own research and make my own investment decisions. I became interested in investing after the crash of 2008 wherein I lost more than a third of my portfolio because I left it up to someone else to watch my money.
I'm a psychiatrist in my mid-40s. I had always believed that the financial world was too complicated for me. Over the years, when I had dabbled in the market a time or two, I lost money or broke even at best. Unfortunately physicians are often known for questionable financial abilities/decisions, and I was no different!
Recently, reading The Greatest Trade Ever and The Big Short, I realized the money people are no smarter than me. I made a decision to educate myself, and luckily ended up on the SA site. After reading about different approaches and styles from many wonderful contributors, I have found that DGI suits my temperament and my goals. I am now learning the details of evaluating fundamentals and working on having patience to build slowly.
I enjoy making money in the often manipulated markets in an effort to join the 1%. I consider myself a noob as I have lots to learn. I enjoy reading about everyone's investing style and outlooks from differing angles. SA contains alot of intelligent people and I'd like to thank those that contribute. Goals: Increase annual income by $300-400/mo while allocating 20% of my portfolio to growth and speculation. Thus far in 2016, my personal portfolio has crossed the $340K mark at the age of 34 (401K is through my employer, around 160k). My goals are to increase total div/dis income to >17000 this year and add another >3-6k every year thereafter. I tend to lean towards value stocks with a >3 year time horizon and high dividend/dis. stocks as well. Currently long AIG, BAC, BEP, DIS, SBUX, EVA, LMRK, UPL, CLMT, BIP, MMLP, LNGLF, PEGI, CONE, SNR, BG, ZTS, UAN, SFL, TLLP, CORR, NSA, LMRK, GSBD, MIC, SSW, VNR, QTS, DFT, and HASI among a few others. I contribute >4K/mo outside of my employer's 401k. Buy and hold works if you have grit and patience. I take capital gains after long periods of holding and typically see 100-300+% gains on those positions. The financial crisis helped. There is always misplaced value in the market. Stay away from talking heads on TV and anyone that has to push their product. Invest in yourself, ask questions, practice mental discipline and remind yourself of your goals on a continual basis.