Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has two law degrees from the University of Florida. He is an attorney that has worked for some of the largest and most prominent law firms in Washington D.C. and who now resides outside of Seattle, Washington. He is a very active blogger and is also a respected researcher, writer, speaker and activist. You can follow him on The Economic Collapse blog: http://theeconomiccollapseblog.com/
Former Management Consultant at a large big four accounting firm focusing on strategic initiatives, current state assessment and large global organizational transformations. Experienced in process improvement and design as well as project management, and organizational strategy and change management. Currently attending law school.
Individual investor. I have survived the downturn with minimal damage because I do not let the Wall St brokers or firms touch my money. I have been accused of being a gold bug, but gold has more than doubled my money while the elite of Wall St were losing 50%. So that puts me 400% ahead of the the money managers on Wall St. I follow gurus like Soros, Icahn, Jimmy Rogers, John Paulson, David Einhorn and Paul Tudor Jones.
I have recently become a more active trader to try to boost my returns. As interest rates spiked to 3.0%, most bond funds got slammed. Interest rate risk is now a primary concern for both bonds and the market.
80% of trades on the market are made by HFT-bots. When everything has disconnected from fundamentals, the only thing you can do is follow the smart money, and pray.
I currently work as an analyst for a financial company doing reporting for derivatives. I studied economics in school and previous jobs include insurance and equity trading. I have experience trading equities, options, forex, and futures. At the insurance job I held a casualty license and handled auto claims.
To SA Readers:
I have been "in the markets" since 1965, 49 years ago. I started trading stocks at age 23, as I continued my professional engineering career. Currently, at age 72, I can only look back in wonder and amazement. Not only have the markets changed, but they have changed in ways that nobody could have ever possibly predicted. So, color me doubtful of all future forecasts involving the markets; we all like to think we can forecast something.....but can we really? Nonetheless we keep trying. When we are right we feel empowered and when we are wrong we quickly move on. That's human nature, I believe. I enjoy the forecasting game!
In 1981 I sold my interest in an early Hong Kong electronics manufacturing company, and decided to persue my "hobby". I had read the WSJ everyday for years and thought I knew something, so I went to work for Merrill Lynch in 1982 as a retail broker. One thing led to another and I ended up at PaineWebber as a discretionary money manager, which led to UBS on the buy-out in 2000.
I retired from UBS 12 years ago, but continue to be active in the markets. Over the many years I have traded stocks, options, bonds, MLP's, Reit's, and all the other stuff including currencies and non US markets. I consider myself to be an expert in none of these things.....but I usually have an opinion. At some point, when I am old enough, I may share my thoughts with SA readers. Being retired also means I don't have to do any trading or investment plans if I so choose, and that is nice, because I have only one client to please at this point: my wife of 50 years! There are, in fact, other things in the world beyond the financial markets, but no doubt it is the financial markets which remain my greatest interest.
Best wishes to all who venture into these markets.