I hold a BS in Chemical Engineering and have 31+ years of experience in high tech manufacturing of communications equipment as a process engineer, an engineering manager, and a factory manager. I have traveled extensively in Asia working with various parts of the supply chain. I believe in going long with the best companies, dividend growth, and carefully planned diversification. I do not believe in panic selling or over enthusiastic buying, but I will allow a small percentage of my portfolio to take a risk from time to time. I also believe that a judicious use of options can fit in with a conservative strategy.
After years of watching my portfolio languish - first under a basket of adviser managed mutual funds and then under my own ad hoc individual stock selections - I realized I needed to get serious and develop investment/trading systems that yielded better results. An ecologist by vocation, I began applying my background in pattern analysis and correlational statistics to investment strategy back-testing and simulations. I now consider myself a successful small 'q' quantitative investor. My investment program includes 2 systems - a 'passive', dividend growth system and an 'aggressive' small cap momentum system.
Mr. Melman no longer regularly posts comments. He has a fan club of stalkers who report most of what he posts. This caused him to be "suspended" for most of 2015.
If you are reading this and wondering if it applies to you, then yeah, it probably does. Thanks for nothing.
SA's brain-dead comment moderation policy, and the steady decline in article quality during 2015 as most authors have gone behind the "pay wall", makes this a lot less useful place than it was just a couple of years ago.
I have recently retired from the aerospace industry and now am focusing on establishing and building an income stream following a dividend income approach. I am also developing my knowledge of options to help enhance my income through the use of covered calls and cash secured puts.
I have been an investor in the stock market since 1966. My first purchase was Coca-Cola.
I have always believed in the stock market as a good way to invest and make a profit if you purchase a good company. Since that time, I have made many purchases and sales of stock.
At 14 a paper route got me started ... a real job with real customers, depositing money in a passbook savings account and paying cash not credit. General manager of family business; Business Development Officer of community bank.
Taught English at a Chinese government university; lived in Thailand, Hong Kong, Taiwan, South Korea, Philippines; Traveled USA, Europe, Caribbean, Central America. Warren E. Buffett, Peter Lynch, Benjamin S. Graham, Jack C. Bogle, Phil Fisher, Jesse Livermore, John Templeton, Dale Carnegie, Benjamin Franklin and mom and dad are among my teachers. Stock portfolio built from many, many mistakes, reading, following the best, developing humility, instincts and finally satisfactory results.
Feel the fear and buy anyway. Much alpha comes at the time of purchase, when stocks convulse in gripping fear and pessimism. Patience, optimism and frugality are priceless.
BRK/B, V, PM, PFE, HD, KO, MCD, JPM, SBUX, PEP, DEO, VZ, CVX, MSFT, GOOGL, T, JNJ, DIS, QCOM, PG, IBM, GE, CSCO, AAPL, XOM, GILD, AMGN, CMCSA, NSRGY, WFC, NKE, BMY, KHC.
Recently qualified to live in a 55+ community. Snowbird.
Recommended reading "Your money or your life" by Vicki Robin, it freed me from need.
I'd rather spend money on stocks than most anything -- except travel and leisure.
I am a retired corporate lawyer and have been a stock market investor since my early twenties. In the past, I've done both DIY investing and worked with financial advisers. Having learned a thing or two over the years, I now manage my family's portfolios on my own.
My two primary investing strategies have been buy-and-hold and momentum. My buy-and-hold portfolio consists mainly of ETFs, mutual funds and closed end funds. I rarely trade this portfolio, generally tweaking it only when it appears we are in for a long-term, macro change in the capital markets.
My momentum strategy is flexible and opportunistic. I use performance screens to identify sector ETFs with momentum and will generally allocate the portfolio to the higher momentum sectors unless I see a good reason not to. On occasion, I will depart from the momentum strategy to pick up deeply beaten down sectors that appear ripe for a rebound. When whipsaw volatility picked up in early 2015, I put the momentum strategy on hold.
In lieu of momentum, I began trading and investing in individual stocks in 2016. This strategy uses a very modest portion of my family's assets. It generates "walking around money" and pays the utility bills. Plus, it's a lot of fun.
Solo Family Practice doc (yes, still make occasional house calls), also served board/board chairman of small physician owned insurance company, flight doc in the ANG 23 yrs. Dad was depression raised, WWII naval aviator/CPA and (briefly) stock broker - my value roots.