Nico is chief editor of Dutch online investment magazine beurswijzer.com and has 20 years of experience in the financial markets as a trader, analyst, trainer and publisher. Beurswijzer.com is following up on over 600 stocks from the Netherlands, Belgium, Europe, USA and the rest of the world. Beurswijzer.com has 30 years of experience and manages an own stock portfolio. The average yield for the past 30 years was 9.5% p/a. net.
How it all started:
Like most of you I lost a large chunk of my savings in the financial crisis of 2008-2009. During that period I was working hard to get my master degree in Biomolecular sciences. As most people I watched a lot of messages pass by on the news about the stock market and how deep it was going. Those messages never got trough to me as I didn't care because I didn't see the relevance to my own life. It was beyond my world! My good old father took care of my money and I didn't have to worry about anything!
One day it hit me like baseball bat:
I got a letter from my good old trusted bank. It showed the variance on the value of my saving accounts. Surprisingly I saw a large part of my money was evaporated. How did this happen? How did they lose my money? Well,... a large chunk of my savings was invested in a 'defensive' fund, but nevertheless value plummeted. In a moment of panic I called my bank. They told me I should just wait and sweat this one out and not to worry. Going up and down is all stock markets are doing. I started following, not really understanding the dynamics of the stock market.
Then the bug bit me:
Opportunity hit me as I watched the market recover in 2010. Watching industrial stocks rise 500% above their bottom in 2009 was a real eye opener. After my master in molecular sciences, I did an MBA in management in 2010. During this studies I had courses in basic accounting and macro economics. Bit by bit the economic puzzle was getting more clear in my head. Accompanied with a lot of reading I started to get some "fingerspitzengefühl" in the fundamentals.
The final push:
Making the switch from letting your money rest in peace on your bank account to actively managing your money is a big step. The final push came in 2011 when stock markets crashed as the European dept crisis started. It remembered me that stocks can rise as much as 500% after crashes and I first pressed the buy button!
My investement strategy:
1.40 % in businesses that are reasonably priced and have very stable income/dividend.
2.30% in businesses that are priced well below their intrinsic value (Buffet style)
3.10% in businesses with a speculative side
4.10 % in securities
5.10 % in cash
Nico is chief editor of Dutch online investment magazine beurswijzer.com and has 20 years of experience in the financial markets as a trader, analyst, trainer and publisher. Beurswijzer.com is following up on over 600 stocks from the Netherlands, Belgium, Europe, USA and the rest of the world.
Beurswijzer.com has 30 years of experience and manages an own stock portfolio. The average yield for the past 30 years was 9.5% p/a. net.
"One of the best ways to do well in this business is to go to areas that have been unexploited by research capability and work them for all you can." -Julian Robertson Managing partner of the Schildpad & De Haas partnerships. Seeking Alpha PRO contributor since the library's inception in 2013. A special selection of investment ideas is available through the Exclusive Research service.
Chief Investment Officer, Stanford Wealth Management. Retired senior exec of Charles Schwab. 36 years active and reserve military service -- 6 in special operations, 30 in the intelligence community. Geopolitical analyst.
Author -- investment book Bringing Home the Gold.
Editor -- The Investor’s Edge®. In the 16 years from inception through year-end 2015, the Investor’s Edge® Growth & Value Portfolio increased in value from $250,000 to $1,038,453. That same $250,000 invested in the S&P 500 rose to just $422,905. (Past results are no guarantee of future performance; maybe those 16 years were pure luck.)
Featured in Forbes, Barrons, The Wall Street Journal, Financial World, Wall Street Transcript, Global Investing, Welling on Wall Street, etc.
If you have a $500,000 portfolio ($250,000 for solely mutual funds & ETFs) you may contact me for a no-obligation "second opinion." email@example.com.
George Dorgan had been one of the predictors of the financial tsunami of January 15, 2015. This is also visible in many posts in Seeking Alpha between 2012 and 2014. Very often he spoke about the impossibility of the peg and the strong Swiss economy.
He often criticized the - as for CHF - notoriously wrong bank research, in particular in the Seeking Alpha article:
The Swiss Franc, Pseudo-Mathematics and Financial Charlatanism
George lives in Zurich and knows well the Swiss mentality and the mindset of the Swiss National Bank (SNB) that is in line with supply-side and Austrian economics.
George is a heterodox economist and manages a very small private hedge fund on global macro basis following contrarian strategies.
Dorgan is largely an Austrian economist, supply sider and fierce advocat of deflation caused by technologic progress, free trade and the global distribution of labor.
He is against both the Keynesian mainstream and those Austrians that see the hyper-inflationary collapse coming. His ideas are also inspired by Minsky and Richard Koo, but he considers fiscal intervention only when private sector savings rates are rapidly increasing.
For Dorgan, GDP growth is currently not important, but a stabilisation of savings rates. Apart from some countries in Southern Europe, unemployment is extraordinarily low in the world, in particular in emerging and less privileged economies.
For him, the 2008 financial crisis was rather a balance of payments crisis of the United States and thanks to globalisation, only a very short-lived crisis.
Dorgan started up as quant programmer, worked at UBS and Reuters. He speaks nine languages including Russian.
He has a broad knowledge on (economic) history, law, computer science and business. He currrently manages Too Big To Fail projects in big Swiss banks.
His recent publications that were editor's picks in Seeking Alpha:
FX Rates, Contrarian Investment And The Misleading Concept Called GDP http://tinyurl.com/ortw73c
The Dollar, The ISM, Buy American And Irrational Exuberance http://tinyurl.com/o6q7qtg
Other useful contributions are the regularly updated:
What Drives Government Bond Yields? http://tinyurl.com/pnn3urn
The Six Major Fundamental Factors that Determine Gold and Silver Prices http://tinyurl.com/qxahse7
His Google Plus profile https://plus.google.com/u/0/+GeorgeMDorgan
and his Twitter account https://twitter.com/DorganG