I started investing about 15 years ago. Well, it wasn't really investing but more like speculating in order to make a few quick bucks. I soon realized that losing money was a whole lot easier than making it. I knew that my superficial understanding of stocks and the market was a fatal shortcoming. I took the Canadian Securities course, passing with honours. I began reading numerous books, articles, technical papers in order to be a better trader. And, indeed, I became a better trader. For a while. I began to use margin. I placed bigger bets on options and leveraged ETF's like HNU (TSX). Eventually my trades started turning on me, the margin calls forced me to sell and I lost a significant amount of money. This was the price of my education. I think I've made just about every classic mistake one can make. Speculate on a news event (remember KRY?). Double down on a stock that is obviously circling the drain. Hold a stock whose only direction is down thinking I couldn't have been that wrong. It will soar again. Watch a stock move up 50% telling myself that there's more to come, only to watch it reverse and finally sell at break-even. Or buy a quality stock and then decide to get off at the next stop. I once bought AAPL at around $90 then sold at $97 or so. Nothing like leaving $60,000 on the table! Anyway, you get the idea. Errors in judgement that are stock market cliches. I'm a lot smarter now, more conservative. Here's my investment plan: -Find high quality companies trading at a discount -Remember Mr. Buffet: if you're not prepared to hold a stock for 10 years don't even think about holding it for 10 minutes -Use fundamentals to find the mis-priced stock then technical factors to determine entry points -A bias toward dividend payers -The two areas that currently look very promising to me are Uranium and Natural Gas. Oil and gas service firms also have appeal.
Retired Refinery and Petrochemical Commissioning and Production Manager, having worked for 48 years worldwide in more than 42 countries and on more than 42 small and big projects. Fluent in at least 4 languages and a practical very Hands-on Engineer / peoples Leader and so on. Now staying in Switzerland on a Refinery Project.
I was a fund manager of European Equities for 10 years at Newton Investment Management in London. I recently founded StockViews.com, a social network that connects investors with analysts and encourages debate around individual stocks. I still keep my hand in the market and contribute both to StockViews and to Seeking Alpha. I also dedicate a large amount of my time to educating investors through StockViews Campus and via a mentorship program for university students. In the fall I will be touring a number of US universities to deliver a series of seminars on investing. You can find out more about me via my blog: http://blog.stockviews.com