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Interesting Times
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I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time... More
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Interesting Times For All Commodities And Investments!! CHAPTER 4......
  • Interesting Times For All Commodities And Investments!! PORTFOLIO EXERCISE.... 122 comments
    Jul 21, 2013 10:06 PM

    THIS CHAPTER IS FOR THOSE INTERESTED IN THE PORTFOLIO CHALLANGE !! ASK QUESTIONS HERE AND LET THE STOCK PICKING START AUGUST 1ST !!

    HERE IS THE PORTFOLIO STARTING GATE WITH RULES DISPLAYED !

    http://seekingalpha.com/instablog/5038891-interesting-times/2071992-interesting-times-for-all-commodities-and-investments-portfolio-2

    What started out as a small group discussing anything related to investing has grown extremely educational over the last few months.

    We have Authors, Financial Advisors, Seasoned investors, Experts in specific fields, and just the average Joe pitching in...

    Folks.. we are growing and posters like it. If you are new to investing then this site is for you.

    Here is the link to the READING MATERIAL http://seekingalpha.com/instablog/5038891-interesting-times/1998262-interesting-times-for-all-commodities-and-investments-reading-material

    I am going to be the first one to admit that I haven't a clue when or if Gold and Silver will ever take off in price. I invested thinking they will though. Additionally I don't see much coverage or articles pertaining to the other commodities. So I started a blog where every commodity, and every investment is on the table for discussion. Even political questions. I only ask that you be courteous!!

    Someone posted the difference between being smart, foolish, and a moron. Well I have been all of the above and I will "man up" and admit it! However I came away from those experiences with both battle scars and knowledge.

    For years I have been reading basically any day now Gold and Silver will explode. I am by far a gold or silver bug. Yet somehow the can gets kicked down the road and I live to learn another lesson. Then Sprott's ETF'S (NYSEARCA:PSLV) are talked about as being safer then others (NYSEARCA:GLD) and (NYSEARCA:SLV).

    With all the QE'S basically not creating any new jobs what will be the consequences in the future?. Will we be "CYPRUSED "? Are we in a serious stock market bubble? Obviously we read daily about these concerns but what about other INVESTMENTS? Here is where most of us are uninformed and relish an education.

    Individual stocks are fine to discuss as well. All of us know that commodities should only be a % of your portfolio. I owned (NASDAQ:PSEC) and liked the dividend. Others may not ! So please feel free to entertain your picks and why!

    REE'S have been an interest for a few of us over the last couple of years. I had exposure to Lynas (OTCPK:LYSCF). Some posters might have questions about this group as well.

    If you disagree with a post please bring proof and display your argument. If you agree with a post, find one interesting, or have questions please feel free to respond. We must remember were all in this together. So if you want to talk politics and how it affects everyday life, fine with me!!

    Now if some have an opinion on Copper, Zinc, Palladium, etc. Do not hesitate to post that. Most of us might not understand the post but I am sure we'll be open to learning. Lumber might interest someone and I would like to learn why I should invest in it. PLEASE bracket any symbol as it also allows a reader to click on it and get some data.

    My part time job is a college and high school official so I can sit here and referee all day long. I honestly hope that ALL will be professional with their comments. So lets see who comes on board. Looking forward to what can become a nicely knit group of diversified investors.

    I have invited a few Authors whose work I admire to bring their expertise to the forum here as. Tom, Eric, Hebba, Doug to name a few, in no particular order, will drop in once in a while to voice their opinions. Please feel free to ask your favorite Authors to join in the discussion.

    These are highly recommended people that I suggest you follow as well. I have learned a ton from them and find their work both challenging and engaging. Two areas that I hope inspire people who normally don't post to now feel free to do so !!

    Now I also feel compelled to encourage the use of the like button. It is human nature that once someone posts and see the like button add up they will feel they made a valid point. Upon that feeling they will post again! So if you do like what someone posted, either a question or an answer PLEASE use it ! It might help our core grow exponentially as well

    LURKERS , we are waiting for you to post here too!

    We are living in some very INTERESTING TIMES !!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: POST POLITELY..

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Comments (122)
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  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » So far the only criteria I set up is

     

    1) BUYING CANNOT START UNTIL AUGUST

     

    2) YOU HAVE 100K TO INVEST WITH AT ANYTIME.

     

    3) PROFITS CAN BE USED TO INVEST IN ANYTHING YOU CHOOSE

     

    4) NOTHING FANCY LIKE COVERED CALLS, OPTIONS, ETC OF ANY SORT

     

    5) NO MARGIN EITHER.. LOL
    21 Jul 2013, 10:39 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    IT: And the winner gets prime box seats to the Mets home games for the 2013 World Series?
    21 Jul 2013, 10:41 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Good one South... except for one thing... if they can stop losing silly one run games in which their pitchers throw gems, they could actually make a run at the playoffs. The Mets are easy to laugh at now but they are slowly building a solid core and i think it will be fun to be a Mets fan soon enough. I think they make it interesting in 2014 and make the playoffs as a serious threat in 2015.
    26 Jul 2013, 10:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @SOUTH

     

    Plus a limo, dinner, and a signed World Series ball from the Mets as well !!
    21 Jul 2013, 11:08 PM Reply Like
  • CoinsK
    , contributor
    Comments (2736) | Send Message
     
    How about the Cubs if they make it ? LOL
    26 Jul 2013, 09:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @COINS

     

    The Cubbies...

     

    Make it home? They look lost on the field ..
    26 Jul 2013, 09:11 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    I am no Cubs fan but I have been to Chicago a few times (including Wrigley) because my brother lived there for about 6 years and the people are great as are their fans. Being a Mets and Red Sox fan I know what its like to wait a very long time for your team to win it all. So, one of these days in the not too distant future, I hope they get there. I would be genuinely happy to see it happen for their fans.
    How about a Mets vs Cubs NL championship series with the winner playing the Royals ... some long suffering fans will come out of that World Series very happy. LOL
    26 Jul 2013, 10:36 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    Just wanted to offer a suggestion about your stock thing. I have seen these on other blogs but they are generally like this:

     

    You buy whatever on a certain date, like say 8/1/13.
    So all prices at the close on 8/1 become the buy price.

     

    You hold everything until the end date, whenever that is, and all prices at the close on the end date are the final price. Now its quite easy to track the gain/loss.

     

    If you allow buying and selling all through this tracking it will be a nightmare.

     

    Also, its usually limited to one stock or ETF, but I could see maybe a couple picks at most. If multiple people buy 20 stocks and are buying and selling at will you could get a few hundred stocks to try and track and with all the buys and sells, well, again, tracking it is going to be a part-time job.

     

    If there is enough interest maybe you could do it each quarter or something like that, or just run it till year end, whatever you think.
    22 Jul 2013, 02:00 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    tampat - I agree with your suggestion with one exception... There should be no requirement for when the 100k is spent If you want to use 60k the first day and the other 40k over the next month or so that should be fine but I agree, once allocated there is no selling. Just straightforward buying stocks and see how they do. I also think if you make it too long before the end it will get boring, especially with the rule of no selling. We can always start up a new one after this one. For the first one I suggest a year or shorter. Just suggestions.
    26 Jul 2013, 10:39 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @RICH

     

    We already have the rules set in the PORTFOLIO CHAPTER with the link listed above in the blog...

     

    Read the rules and consider playing along. FEAR named his team the GOLD AND SILVER CLUB !!

     

    God I love smack talk !
    26 Jul 2013, 10:48 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    with any luck that club will disband and go away
    27 Jul 2013, 01:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @FOLKS

     

    How about any amount of stocks you like with a budget of 100k, We will end it on 12/31 and declare a winner.

     

    Then can start a new one and go from there??

     

    No trading, you MUST hold every pick and make it within that day ?

     

    Thoughts?
    22 Jul 2013, 02:10 PM Reply Like
  • CoinsK
    , contributor
    Comments (2736) | Send Message
     
    Makes sense. Can we buy ETF's ?
    26 Jul 2013, 09:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @COINS

     

    Yup, all the rules are in the PORTFOLIO CHAPTER with a link listed in the blog above !!

     

    They have changed a lot in the last 2 days, so you might want to look at that chapter.

     

    So your in??
    26 Jul 2013, 09:13 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    that sounds good. Its all in fun so keeping them relatively short is a good idea. I only offer one more suggestion... since the vast majority of common folk do not have $100k, why not make it 30k or 40k or even 50k. That may make the challenge a little more realistic since we can actually imagine investing those sums of money.
    26 Jul 2013, 10:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @RICH

     

    I just lent you 100k, so play and pay me back...
    26 Jul 2013, 10:49 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    You will need to add dividends and interest to any capital appreciation.

     

    I mentioned a bond CEF, for example, where the dividend yield would be high but the capital appreciation, if any, would likely be less. The same would be true for a BDC pick like PSEC. For stocks like that one, which I own, I am content with any profit on the shares after harvesting that 12+% dividend.

     

    Someone deciding to go with income generating securities may have a significant part of their total return coming from dividends or interest.

     

    Since no one is likely to volunteer to keep track, we can go on the honor system, and just allow everyone to compute their own capital return on the shares plus dividends. It should be a relatively easy computation with no trading.

     

    I would propose limiting the number of positions to 10 (1 to 10), just to avoid any time consuming tracking issues. The most important part of this kind of exercise is not to win those tickets to Met's world series games this year, but as a learning experience.
    22 Jul 2013, 02:33 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    Several years ago I got interested in different strategies for the stock market than what I was used to. I used this site to test different ones for half a year before starting to invest real money:

     

    http://on.mktw.net/15b...

     

    For those playing this portfolio exercise, creating a game (portfolio) on this site of what you're buying might make tracking it easier. One thing I remember that was frustrating was that dividends weren't added back in at the time I was using it. I don't know if that's changed over the years.
    22 Jul 2013, 05:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Does anyone else have other sites that they would recommend also??
    22 Jul 2013, 05:35 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    http://bit.ly/11aplJ5

     

    Never tried it and am only aware of it because I read the hell out of the tutorials on that site years ago before the interface got weird.

     

    Quick google search for stock market simulator turns up a ton of results. No idea which ones are good or simple to use.
    22 Jul 2013, 05:58 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    learning experience - agreed but tracking dividends and interest make it far more difficult than it needs to be. Let's learn how to pick good stocks for starters. We can always update rules for future contests, For this one August 1 to December 31, lets just Keep It Simple and use an amount just a bit more realistic than $100k, like perhaps 40 or 50k for purchases with no dividends, no interest and no selling. We will all learn with this basic exercise and can amend the rules as we all see fit when we hit the new year. OK?
    26 Jul 2013, 10:46 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    I use Yahoo portfolio tracking for my real stocks... it is general enough and easy to understand. As we move on to more involved exercises perhaps we can find websites that will also track dividends and interest although I am not sure any sites exist that do all that for free.
    26 Jul 2013, 10:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @SOUTH

     

    You guys work out the rules. I would hope one person would monitor it but we can do the honor system.. 10 picks folks?

     

    Or other ideas? That is why I want a week to work out the kinks!

     

    Can I take my 100k to the horse track first though??
    22 Jul 2013, 02:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Ok, does anyone think 10 stocks are too little or just about right??

     

    I am so exited I think I just wet my pants!!
    22 Jul 2013, 04:07 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    10 is not too low... I think its just right but I think 100k is a bit high... I just think 30, 40 or 50k are more realistic for most in here. Just a thought. I will go with the majority opinion and divide by 2 or 3 to figure how I would do with 30 or 50k for my own reference.
    26 Jul 2013, 10:50 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @RICH

     

    Keep reading, your getting close to the rules !!
    26 Jul 2013, 10:52 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    I got invited to play. But one strategy I would use would depend on timing using a set of rules, so I would have to end up probably buying and selling a bit. It would mimic what I started doing in my 401k.

     

    The other strategy would mimic my current buying in my taxable account - that means buying something different every paycheck and only selling after extraordinary gains.

     

    So neither one I would use would be a guaranteed buy and hold for the 4 1/2 months. So I'm asking if in the game we're going to buy once on Aug 1st or is some selling/buying allowed and how we would keep track of it?

     

    I kind of like Southgent's honor system idea on returns at the end of the year. Too much trouble for one person to volunteer to keep track of.
    22 Jul 2013, 05:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @USER

     

    It was suggested that we just buy on Aug 1st closing price and then post our picks the next day. NO TRADING to make it easier to manage. Like I said I want YOU folks to decide what are the best rules to use.

     

    No matter what you choose I will win it anyway. SOUTH is already giving away hints on how to invest !!

     

    Thanks !
    22 Jul 2013, 05:38 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    Erg. That's the thing - I would like to buy and hold forever, but on that particular date there might be nothing worth buying (to me), nevermind ten or so positions. Some paychecks I'm doing good to only have a couple of candidates for consideration.

     

    And the other strategy is passive and only involves a broad index fund and a money market account, but the rules for it do call for switching between the two when market signals are met.
    22 Jul 2013, 06:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » That is why this will be interesting. HAVE TO THINK WHAT YOU WANT TO HOLD NO MATTER WHAT , for 5 months!!

     

    But we have time for others to chime in how they want to do this.

     

    Winner will be who has the most money in their portfolio as of 12/31!!

     

    You can just pick ONE investment as well..
    22 Jul 2013, 06:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4528) | Send Message
     
    I agree with "user", not sure what we will accomplish since buying and establishing positions on a said date is not a 'real world" scenario.

     

    Wouldn't it be more educational and productive to start on 8/1 , with 100 k, allow each individual to establish positions with an "honor" system and set an end date of 1 yr or whatever to see the results.?

     

    it would allow all to view ideas , trade strategies, watch & learn. etc.

     

    Just my .02
    22 Jul 2013, 06:17 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    That is why I think you have a set amount of money to use but make purchases when you want... just no selling... at least for this first 5 month exercise.
    26 Jul 2013, 10:52 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Yes... most of us are not day traders.. we want to see how we can do over time and even though 5 months is not "long" it is still a decent place to start our challenge.
    26 Jul 2013, 10:53 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    "Just my .02"

     

    yes and worth about .01. We all know you are the prince of the investment world but we are looking to present a fun, easy to track learning experience. We can always amend and adjust for contest 2 and others to follow. Take your 2 cents and ... well, I won't say it.
    26 Jul 2013, 10:56 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    Normally I buy & hold. But in this market, I really do intend to sell at various points. I'll play with whatever, but I'd like to see some selling allowed. Gives chance to see a -critical- part of investing too - knowing when to leave a deal.

     

    I'm fine with honor system. What tool are we using? I'm not very competitive. It's just fun to be swimming in the same pool with other people.
    26 Jul 2013, 11:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @CURLS

     

    The rules are listed in the NEW PORTFOLIO CHAPTER. The link is in the first one on top and in a post on the bottom.

     

    Selling is allowed , just read the rules and I think it will make sense.
    26 Jul 2013, 11:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @FEAR

     

    That was my original idea but Tampat thought otherwise. So it is posted above and when we have the total number of people involved I guess we can vote?

     

    Maybe someone can put together a few options and then each can post which one they like. Majority wins!!

     

    I just need a site that you guys can recommend that will track trades, dividend, etc . I have no clue what to use. Personally I posted my thoughts on how to do this first, but like I said it is up to all of you to decide .

     

    I am winning anyway !
    22 Jul 2013, 06:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » ANYONE HAVE A SITE THAT DOES INCLUDE DIVIDENDS TO YOUR MOCK INVESTMENTS??

     

    Can use the help for the mock portfolios that maybe we all can use just one kind !!..
    22 Jul 2013, 06:45 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5142) | Send Message
     
    I am in. I want Pirate tickets when they are in the WS, not Mets tickets. We can hammer this out when the final numbers are tallied.

     

    I have no idea on what site to use to monitor portfolios....sorry.

     

    I like the idea of 10 stocks. Are REITs allowed or just stocks? MLPs?
    Too many questions ?

     

    I suggest a one month timeframe to complete mock portfolios. (?)
    (two weeks ?) (one week ?)

     

    Looking forward to voting on final rules.

     

    Off to research mock stocks, which may turn out to be "real" stocks.

     

    Great idea, IT. This is like Fantasy Baseball with Stocks.
    22 Jul 2013, 07:13 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    Deer: The Pirates' third baseman is Pedro Alvarez, who I started to watch when he was a freshman at Vanderbilt. He was on the same team as David Price and Mike Minor. That team was rated #1 in the country, won something like 20+ games in a row but somehow managed to lose to Michigan in the NCAA regionals.

     

    I see Pedro has hit 24 homers so far this year for the Pirates, but his battling average has not been that good. He is still young though.

     

    http://es.pn/13USuo8
    22 Jul 2013, 07:20 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5142) | Send Message
     
    Pedro has struggled with BA, but his HRs have been wonderful!
    Pirates young pitchers are very tough and this team could finally break the streak on non-winning season in Pittsburgh.

     

    First attended a Pirate game in 1972 at Three Rivers Stadium and have been a fan ever since. PNC Park is a much nicer place to watch baseball, that is for sure.
    22 Jul 2013, 07:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @DEER

     

    REITS, MLPS, BDCS, are all allowed. Just no options. I cannot let a Pirates fan have any margin either !

     

    Thanks for the ideas, we will wait until we get more then somehow well pick the rules.

     

    Pirate World Series tickets? Really ? Do they still have a baseball team? On a serious note I raced my harness horses at the Meadows and I honestly loved the Stadium as I always took in a game with my partners when we took our quarterly trip out to see our stock race .

     

    Clean, great layout, and obviously NEVER crowded ! lol

     

    Caught Corzine trying to get some investors though by first base.
    22 Jul 2013, 07:25 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    IT: I remember Roberto Clemente and Willie Stargell, so they had a team once upon a time. Dick Groat was the SS. I am remember listening on the radio when Bill Mazeroski hit that home run to win the World Series against the Yanks in 1960.

     

    I watch the movie "42" last night. Whenever Branch Rickey got made at a player for giving Jackie Robinson a hard time, he traded them to the Pirates.
    22 Jul 2013, 07:46 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5142) | Send Message
     
    Cozine couldn't find Pittsburgh on a map. Not sure if he would be served at Primanti Brothers! Can you imagine him ordering an Iron City at the ballpark? I would pay to see that.

     

    Still baseball being played in Pittsburgh. All those early round draft picks are finally paying off, so it seems.

     

    Still holding on to my Clemente baseball cards. 1962 Mickey Mantle is my showpiece. Traded a kid in elementary school and had no idea what I was really getting.
    22 Jul 2013, 08:58 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    Deer: I have several Clemente cards and a few near mint Mays & Mantle cards from the late 50s and early 1960s. I traded once for a 1954 Aaron Rookie card. The value of those cards surprise me, particularly the Mantle cards. I have had several of them graded and encased in plastic. I have a hundred or so valuable ones in my safety deposit box, treating them just like gold and silver coins, and have no plans to sell any. My cost was a penny a card plus the gum.

     

    I am also surprised at some of the memorabilia prices. I bought back in the late 1950s a Hank Aaron Hartland statute for a couple of bucks . I took a picture of that "toy" and posted it in my blog, still in mint condition with the bat.

     

    http://bit.ly/1347uju

     

    That one goes for about $350.

     

    http://bit.ly/1347wrG
    22 Jul 2013, 09:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @SOUTH

     

    Honestly it is too bad because as soon as the Pirates get a good player he is gone via free agency. The Pirates can never afford to keep them.

     

    Baseball is sad that way, as all sports have become. Steroids getting Braun the rest of the year suspension is too light in my eyes. But baseball turned their head when after the strike, and attendance was down, they ALLOWED Sosa AND McGwire to hit over 70 homers. Every night people were glued to their TV sets while some of us were yelling something is wrong here !

     

    So everyone is guilty. The almighty dollar rules !! But soon it will be gold as the fiat will be history as well :)
    22 Jul 2013, 07:53 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    I have to work tomorrow, so I will try to keep it brief because I'm tired/want to eat/watch a movie. I think one of the sites that does a stock-market-simulatio... would be good for this type of experiment. This is my working week so I have no idea what is a good one - I believe most of them allow competition between portfolios over time. This is my work week, so I don't have time/energy to research it myself (this is a hint for you folks that aren't working at the moment).

     

    The things I'm trying to do don't involve trades that often, but I do have to make trades when the market tells me to. That's just the way I'm going to roll - I can't pick a winner over the next few months but I can use some logic to protect the downside and maybe pick out what is undervalued at the moment. And I won't make picks that I wouldn't do with my own money.

     

    I don't know if individiuals making updates here would work, following instablogs would work, or using some type of market simulator game would work. I think a combination of the above rationales of "why I'm doing this" would be good so folks could learn and re-evaluate.

     

    Except Southgent. He explodes my brain each time he posts. I just want a brief two sentence run down from him.

     

    :)
    22 Jul 2013, 08:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Folks

     

    We just need to find a mock portfolio calculator that allows dividends to flow into that persons portfolio automatically or this will be a tough assignment.

     

    One has to be out there!! I mean some groups have to do studies that include dividends reinvested over time. I also agree that we need to keep this as real as possible. So lets keep this in mind when we pick the rules.

     

    No need doing this if you aren't using your normal investing strategy. Come on someone has to have a site to give us for this

     

    PM people you know that might be able to help us . Fantasy football isn't this hard to do .lol

     

    Thanks!
    22 Jul 2013, 09:02 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    I'd like to see
    4) NOTHING FANCY LIKE COVERED CALLS, OPTIONS, ETC OF ANY SORT

     

    included. I'd like to see how people use them...

     

    Also start with 100k. 5or10 buys. But not on fixed days & allow trades. Part of investing is watching events & deciding what to do. Hum, if some starts with 100k, doesn't buy anything, they may be winners in a month by not losing principle. It's a possibility the rules should allow, even if it is the ultimate conservative portfolio. (outside of inflation loses.)

     

    Possibly vang's site does it? You can add your holdings from outside Vang & if they are ticker symbols, Vang automatically calculates them. Not sure if you can set up an psuedo account. I can't remember. Not sure either if the dividends are wrapped in for outside investments. Maybe another company's site?
    23 Jul 2013, 12:48 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @CURLS

     

    Options is at a whole different level of investing and margin cannot be controlled because if the market corrects and you get a margin call you would have to sell something. I don't think something that complex exists for free.

     

    We don't have that feature, or any one yet for that matter. Good idea to see it work, but I do not think it is possible, But if you can find a site that at least allows dividends to be reinvested that's a start!
    23 Jul 2013, 03:33 AM Reply Like
  • Economic Analyst
    , contributor
    Comments (2368) | Send Message
     
    IT -
    Maybe I missed the original contest proposal, but FWIW I set up several "Portfolios" on SA...one of them I simply recorded all the ones that seemed to sound good after reading numerous articles pro and con as well as comments, basically a simple watch list.

     

    One reason I still hang around is that when I checked back several months later on the composite TIT (tips I took) for the practice portfolio, nearly all picks were winners, and the hypothetical returns were extraordinary. Anecdotal evidence for sure, but for me, its a start!
    23 Jul 2013, 10:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @EA

     

    We need a portfolio layout that will add dividends to it as well. The rules are still open for discussion as you see from above we have different opinions on how to do this.

     

    But a few people i PM'D do not know of a free one that includes the dividends when they are given. I am sure just setting up a portfolio Yahoo finance can do that. We might need one a little more sophisticated.

     

    This is new to me as well. I usually set up a mock portfolio but i am sure it never updated automatically a monthly dividend that lets say (PSEC) gives..
    23 Jul 2013, 11:07 AM Reply Like
  • Tack
    , contributor
    Comments (12721) | Send Message
     
    Regarding portfolio tracking there is no site (free or paid) of which I am aware that also factors in the real-time tracking of dividends, as per ex-dividend or payment dates. The only way I know to achieve this is to construct one's own spreadsheet, using Google's online version of Excel, which also allows direct link of cell's to Google Finance site, thereby allowing quote information on any stock to be displayed in the spreadsheet. Dividends, however, would need to be recorded manually.

     

    The nice thing about such spreadsheets, however, is that one can construct any formulas one wishes to display, using the displayed stock prices, which change dynamically throughout the day, as prices change. I use just such a spreadsheet to track my portfolio and other issues that are investment candidates.
    24 Jul 2013, 01:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4528) | Send Message
     
    Tack,

     

    I use the Google platform that u described extensively . Do the same as you ,, I love it. However u r right , when i tried to get the div data to be deployed in the spreadsheet , it doesn't work, Dividends will have to be input manually as you stated..
    24 Jul 2013, 01:48 PM Reply Like
  • Tack
    , contributor
    Comments (12721) | Send Message
     
    F&G:

     

    Here's the latest list (as far as I am aware) of all attributes that can be used in GoogleFinance functions:

     

    price: market price of the stock.
    priceopen: the opening price of the stock for the current day.
    high: the highest price the stock traded for the current day.
    low: the lowest price the stock traded for the current day.
    volume: number of shares traded of this stock for the current day.
    marketcap: the market cap of the stock.
    tradetime: the last time the stock traded.
    datadelay: the delay in the data presented for this stock using the googleFinance() function.
    volumeavg: the average volume for this stock.
    pe: the Price-to-Earnings ratio for this stock.
    eps: the earnings-per-share for this stock.
    high52: the 52-week high for this stock.
    low52: the 52-week low for this stock.
    change: the change in the price of this stock since yesterday's market close.
    beta: the beta value of this stock.
    changepct: the percentage change in the price of this stock since yesterday's close.
    closeyest: yesterday's closing price of this stock.
    shares: the number of shares outstanding of this stock.
    currency: the currency in which this stock is traded.
    24 Jul 2013, 02:10 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1409) | Send Message
     
    How about starting with your $100,000 and then investing it like you normally do. Post here what you bought, sold, etc. Then figure it at the end, 12/31/2013. Once you post what you did, that will keep people honest. The day you bought/sold, post here so we all can see it.

     

    Normally, I buy & hold anyway. I don't know if I would want to invest the entire $100,000 in one day. If you like the option action, then use ETFs that do that for you. This could get interesting. It will be fun to see other people's strategies. I buy pretty much boring stocks (see all my stocks listed on my profile).

     

    It's hard waiting for Aug. 1st!
    24 Jul 2013, 08:32 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Blue,

     

    Your suggestions are good ones but I believe everyone will have more fun if we climb the steps slowly. Like any learning experience for anything, start slow and build upon what we learn. A basic 5 month portfolio where you just buy stocks and hold until the end is a good basic competition we can learn from. Over those five months perhaps some can do research on websites that may provide us with an actual tracker within which we can insert our choices and transactions and have it track everything... much like fantasy sports. I just do not know of any such sophisticated free site yet and with August 1st a few days away, I think starting slow is the way to go.
    26 Jul 2013, 11:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » But what about stocks that pay dividends? How do we keep track of that ?

     

    I called Schwab this evening and they don't know of any that include the dividend into the mock portfolio..

     

    So we gotta figure out a way or everyone just needs to keep track of the dividends manually.

     

    I hope someone has a better option of doing this . Not worried about the honesty, just trying a way to make this easy for everyone.

     

    You would think Schwab would have a platform for this so that people can practice trading for a while before investing. I have my account with them and was surprised they do not. I even spoke to a manager suggesting that they develop one and they agreed !
    24 Jul 2013, 09:35 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1409) | Send Message
     
    IT, we can figure the dividends out at the end - and check anyone who seems to be a cheater. Just kidding! If you post here every buy, sell, etc. then it's easy to check someone's portfolio. Let each person figure out their own dividends, how much they made, etc. at the end of the game & report it. I'm sure some will give us a weekly update. It's going to be very interesting to see what some of these guys buy, how long they hold, etc.

     

    I'm going to buy 5 stocks, & probably just hold them until 12/31 unless they start to tank. Then I'll sell & buy something else.

     

    In fact I'll probably just mirror here what I'm doing in real life. I have all that money from selling bonds & mutual funds waiting to invest. I've been slowly putting it to work, emphasizing the slow part. My husband gets nervous if I tell him what I'm doing so I just don't tell him! See how much he trusts me? But in the last decade, I did very well with our portfolios so he knows he can trust me. And that's with the 2008/2009 mess....no wonder I have gray hair!

     

    Today 7/25: bought 100 (TSCO) @ 116.43

     

    Yesterday 7/24: sold 100 (TROW) @ 75.24
    bought 200 (LO) @ 44.15
    bought 300 (AZN) @ 50.46
    sold 2 remaining mutual funds.

     

    Now I have my own "mutual fund" to maintain, 50 stocks. Check my profile, I listed all of them. Some may be put on the sell block if they don't perform.
    25 Jul 2013, 06:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @BSF

     

    I agree if we bought stocks with maybe quarterly dividends. But what about monthly ones. The ex dividend date? Then the date the dividend shares are bought?

     

    Compounding those shares for the next month ?

     

    I think it will just get confusing. But I am holding out for someone to find a spreadsheet. Like I added I called Schwab expecting they had a practice site for investors and even they do not.

     

    A watch list is the best they could come up with. I was amazed that in this day and age NO ONE has a site to practice investing and seeing compounding working?
    25 Jul 2013, 07:08 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1409) | Send Message
     
    IT, I've been playing around with the portfolio right here on SA. I think it would work. On the home page, just start a new portfolio, put in your stocks. Hit the "add stocks" button. Below that, you will see "performance, dividends" etc. Hit that. Once you get the spreadsheet up, try editing it, so you can put it # of shares etc. Do this by clicking on "holdings" on the same line as your stock. Brings up a screen where you can put the date, # of shares, price, whether you bought or sold.....wow this could work! On the "add holdings" screen, at the bottom you will see some more options. One is "edit Portfolio/Holdings" so you can easily update when you buy/sell the same stock.

     

    Try it out.
    25 Jul 2013, 10:03 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1409) | Send Message
     
    One more thing, for the most part dividends are just 2 or 3%. So really, will it make that much difference? Some ETFs & MLPs have 10%. A portfolio's performance can be hand calculated, too. If the dividend button on the portfolio here on SA works, that will save the day.

     

    Will let you know if I get it to work!
    25 Jul 2013, 10:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @BSF

     

    Thanks for really trying to make this work !!
    25 Jul 2013, 10:10 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    "or the most part dividends are just 2 or 3%. So really, will it make that much difference?"

     

    EXACTLY! if in the future we go a year or more with our contest THEN we can get more sophisticated with tracking everything. People, you are trying to climb a mountain after getting your first geology set... can we go slow for the first 5 month contest?
    26 Jul 2013, 11:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » I like FEARS reasoning so here are the rules which are simple.

     

    1) you have 100k to invest at your disposal ANYTIME after Aug 1st.

     

    2) We are going to use the closing days price for any transactions.

     

    3) Monthly updates should be provided by each investor.

     

    4) any transaction has to be posted.

     

    5) You do not have to invest all 100K at the beginning, make it as real as possible.

     

    6) If you do make your portfolio on Aug 1st you use July 31st closing numbers. Please make sure you bracket the symbol , how many shares, price per share, and total amount invested.

     

    I THINK I kinda covered it all, so if anyone has more to add to this please post it and well decide what I forgot.

     

    Good Luck to all !!!
    26 Jul 2013, 12:55 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    I would expand 2) above to include dividend reinvestment.

     

    As to dividend reinvestment, the price needs to be the closing price on the payment date.
    26 Jul 2013, 01:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @SOUTH

     

    Yes, Thanks for putting that down. I agree!!

     

    7) Dividends reinvested are to be calculated by using that days closing price on payment day !
    26 Jul 2013, 01:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » How about the amount of investments. Are we putting a cap on them. Some have suggested 10 . Open for discussion.
    26 Jul 2013, 01:28 PM Reply Like
  • extremebanker
    , contributor
    Comments (1679) | Send Message
     
    IT: 10 is fine with me but I will defer to the group.
    26 Jul 2013, 03:22 PM Reply Like
  • extremebanker
    , contributor
    Comments (1679) | Send Message
     
    IT: I don't know where we are at this point but if I can't manage my portfolio (trade occassionally) then where is the skill? My skill (if I have one) is in timing and managing allocations. I will outperform over a market cycle but not in any given year.

     

    What would be wrong with running these portfolios forever and monitor who is doing better over what time frame? Just a thought!

     

    I am not a 7 month investor. Someone could stay all in cash and win if we have a market break in the next seven months. What does that prove?
    26 Jul 2013, 03:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @EXTREME

     

    No , you are free to trade as much as you like. Just use that days ending price on the trade. No restrictions on trading. Just post the trade and maybe a reason why for all to learn..

     

    I guess I did not make that clear. Sorry .
    26 Jul 2013, 03:14 PM Reply Like
  • extremebanker
    , contributor
    Comments (1679) | Send Message
     
    IT: Thanks. That makes a lot more sense!
    26 Jul 2013, 03:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @EXTREME

     

    You guys make the rules, I am open to anything. I just know a ton of information will be taught over the next year ..

     

    Thanks!
    26 Jul 2013, 03:34 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Rule added

     

    8) Trade as often as you like without exceeding 100k unless you have a profit !
    26 Jul 2013, 03:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Rule update..

     

    9) We will stay at a maximum of 10 investments !!

     

    still open for discussion though. But I want to iron out the rules going into the weekend so people can do their homework at their leisure .
    26 Jul 2013, 03:33 PM Reply Like
  • extremebanker
    , contributor
    Comments (1679) | Send Message
     
    How about commission charges. None I assume. Doesn't matter to me since most of my trades are free or virtually free.
    26 Jul 2013, 03:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @EXTREME

     

    Yes, you have to mail me a money order for $8.95 per trade. !! lol
    26 Jul 2013, 03:50 PM Reply Like
  • extremebanker
    , contributor
    Comments (1679) | Send Message
     
    LOL.
    26 Jul 2013, 03:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » MY FINAL COMMANDMENT

     

    10) This will end on JULY 31ST 2014 !!

     

    Winner gets a tungsten 100oz bar spray painted gold !!!

     

    Now I hope all will stay around for a year, but if not good luck to all. If no one has any objections I myself think we covered everything ..

     

    Now that I said that I am sure I did not ! lol
    26 Jul 2013, 03:37 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » OK....We have 10 rules above so if I do not hear anyone else suggest anything over the weekend they will be the official rules come Monday morning !!

     

    Think hard folks...This should be fun ! Wish some lurkers would try this. Maybe they will. I would also suggest anyone who comments on other articles to invite everyone. !!!

     

    The markets have closed for the week.... I should be around this weekend checking in but for those who do not enjoy the weekend!!
    26 Jul 2013, 04:06 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    Like the new rule set. Are we posting buys/sells here or are you going to open an exclusive thread for it?
    26 Jul 2013, 04:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Everything gets posted here and I will add new chapters just for this specific topic.

     

    But you sure you want to play and lose to me??
    26 Jul 2013, 04:27 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    I just want my tungsten bar - tungsten has a very high melting point.
    26 Jul 2013, 04:28 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Funny , some posting here don't.....Just sayin .
    26 Jul 2013, 04:30 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    The joke about the gold painted tungsten bar is not something I'm familiar with. Someone actually tried selling one and claimed it was real gold? Or is it suspected that banks are using as reserves? I don't keep up with precious metals so I don't know.

     

    But I could think of some cool hobby applications to do with tungsten!
    26 Jul 2013, 04:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » USER

     

    Actually a jeweler in NYC bought about 10 100 OZ of them from a Russian salesman about a year ago. It was serious as they would not give out his name for fear of him losing business. In hindsight the jeweler said he should of known something was up as the salesman sold them pretty cheap. But you do the math at gold around $1400 per ounce !

     

    Tungsten and gold weigh the same so a great scam was pulled. I am sure more than once as people who got beat aren't going to yell it out if they own a business.

     

    Now it has been published that the Chinese have come up with some great fake one ounce gold American eagles as well.
    26 Jul 2013, 05:16 PM Reply Like
  • CoinsK
    , contributor
    Comments (2736) | Send Message
     
    http://read.bi/13bltsE

     

    Tungsten Filled Gold Bars
    26 Jul 2013, 09:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @COINS

     

    Yup, Thanks for the link !

     

    So I guess your in ?, better start prepping as I know you southerners are a little slower.. ( oops )

     

    Smack talk already starting???
    26 Jul 2013, 09:26 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    Me again complicating things. We really do need to leave room for swing traders who pick up mid-day & sell a few weeks or month later at a high. Maybe allow those trades (instead of close of day price) IF specified as a SWING, and posted near time of trade (so price can't be backward engineered).

     

    That way if someone joins us who does those (plus we have a couple posters who do - Tampat & Krustyman... and I'm hoping someday me), they'll be room for them too. Could be great info to see how swing trades do compared to held trades.

     

    (what do trolls like me get for keeping you busy :) ?)
    26 Jul 2013, 05:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @CURLS ....(giving me a headache:)

     

    Like you said too complicated. It is easier for someone to verify the price at the end of the day on a stock rather then in the middle of the day.

     

    As long as everyone has the same guidelines then it will work. Stop complicating this. I might have to ask for a raise !!

     

    Trust me someone will be watching all of this so to be fair to them they can do it late when the market is closed.

     

    Geez, it's only a game! You know I am winning it anyway. Just ran my mock draft so I am ready ...Oh sorry, that was the football chat room.

     

    ( where's my pills?)
    26 Jul 2013, 06:13 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    @IT,

     

    That's okay. You know it's more than a game. The last time I played fantasy football was in 1997. My friends picked QBs first round. I picked Barry Sanders. They gave up after a couple of months.
    26 Jul 2013, 06:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Yeah me too !!! Cam Newton DESTROYED them a couple of years ago and I picked him up as a free agent !

     

    We do take it seriously in my league. I still play as I have won it a few times. My team name is "I AM PLAYING WITH YOUR MONEY"

     

    unfortunately my group never gives up, watching the waiver wire like hawks. Even get special mags, Direct TV football package ( ok, I get that too).

     

    But we play for some serious money for about 10 years now!!
    26 Jul 2013, 06:24 PM Reply Like
  • User 7415181
    , contributor
    Comments (562) | Send Message
     
    See, it could have been a great thing. I picked Barry Sanders first round and 2nd and their offensive line (we came up with our own system of points differing from conventional rules - I believe we decided on a rushing yards = (+) points - (-) points for qb getting sacked - I may be wrong, though) and individual Steeler defensive players later on (again, we came up with a system for points for sacks and interceptions). My friends gave up quickly.

     

    This is why I will win this contest. I will find value when others are chasing the herd. And I want my tungsten bar. I can roll a chimney out of it that won't melt.
    26 Jul 2013, 06:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » Since this chapter is filling up I have already opened a NEW chapter that contains the rules..

     

    PLEASE NO POSTING IN THAT CHAPTER UNTIL AUGUST 1ST !

     

    http://seekingalpha.co...

     

    You may look at the rules but if you have a question please ask it here. Plus I updated this blog to have the link as well...
    26 Jul 2013, 11:18 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    I did not receive a reply on my earlier request for a rule change, so I will copy the relevant query here:

     

    Us southern boys are a little slow as IT acknowledged in another comment. It is not out fault. The heat down here fries your brain cells and causes us to talk slow and omit most syllables, just to avoid taking into too much hot air at once.

     

    Yankees do not have that "hot air" problem.

     

    In fact, we need a handicap in this challenge of yours. I think that everyone born and raised in the south needs an extra $20,000 and at least 5 mulligans. Sometimes, I have thought about calling Fidelity and asking for a mulligan due to my handicap. I am sure that they would understand.

     

    As to your rules in the now Chinese tungsten bar contest, I want to buy on foreign exchanges with USDs.

     

    Can I use the conversion value of the USD into the relevant foreign currency on the day of purchase?

     

    ********

     

    Since there may not be many golfers here, I may need to explain a mulligan. It is sort of a do over. If I hit a bad shot that goes into a cow pasture, then I could take a mulligan, not count that stroke and hit another shot, rather than going to search for that little ball and possibly stepping into some after dinner remains.

     

    In the stock challenge context, the mulligan would be like pretending a pick that goes down in value never happened.
    27 Jul 2013, 01:22 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    Whats the matter SG getting nervous others may do better than you.
    With the experience and credentials you and F&G have I would expect you guys to finish 1-2, but no pressure.
    If you dont I will be ROFLMAO.
    27 Jul 2013, 01:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @PAWS

     

    ROFLMAO ? Us Northerners are slow as well. Does that mean rolling on the floor laughing my as* off?

     

    Just a wild NY guess...
    27 Jul 2013, 02:05 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    OK, sure, why not.

     

    You know these guys dont you?

     

    http://bit.ly/19p0N4d
    27 Jul 2013, 02:09 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    IT: I had to look ROFLMAO up in the Urban Dictionary. Another one used by Tampat today was SHTF, as in gold will go up when the SHTF.

     

    I am about to crack under all the pressure. I may need to get hooked up to an IV of chills pills and Maalox which means that I may need more than just 5 mulligans since that stuff can dull the senses and I only have three functioning brain cells remaining due to my brains cells being fried by the sun down here.

     

    My bet is on Tampat being #1.

     

    I have no flash as an investor, just a turtle really.
    27 Jul 2013, 02:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » SOUTH

     

    Yeah this shorthand stuff takes years to learn for sure. I was in one guys chat room that had IIRCIWLMAOANL..

     

    Now go figure that one out !!
    27 Jul 2013, 02:23 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    I am familiar with the Turtles, they were one of the top investment groups in the 1980's, (as well as a pretty good band from the '60's).

     

    There have been a few books about them and the success they achieved. So if you're a turtle then your cover is blown.
    27 Jul 2013, 02:53 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    Tampat: Maybe you need to take their advice: "Happy Together".

     

    http://bit.ly/13cSQLC

     

    I saw The Turtles and The Association perform together in Nashville.
    27 Jul 2013, 03:19 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    Indeed.
    And I have.
    My wife and I are very happy together as are all our dogs.
    Were all one big happy family.
    Whats more important than that?
    27 Jul 2013, 06:09 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    Tampat has turned me into a hipster:

     

    IIRC — "if I recall correctly"

     

    LMAO — "laughing my as* off"

     

    ANL. "Ain't never lied"
    27 Jul 2013, 02:44 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    I doubt that, you like to sandbag but I'm on to you.
    Going to rock concerts-I bet you're a hipster from way back.
    27 Jul 2013, 06:08 PM Reply Like
  • southgent1951
    , contributor
    Comments (2519) | Send Message
     
    Tampat: The young ones today would not likely view the Turtles and the Association as rock groups. I do recall that the crowd was there for the Turtles, as The Association had already became passé.

     

    I had one of the youngsters ask me the other day, "who is Bruce Springsteen". I replied "just a really old guy who dated Snookie on the Jersey Shore show"
    27 Jul 2013, 06:25 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    LOL.
    27 Jul 2013, 07:14 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    if i remember correctly i was laughing my as off..
    dont know what the last 3 letters-anl-means
    27 Jul 2013, 02:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » ALL NIGHT LONG !!!
    27 Jul 2013, 03:56 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    My dad invented one this morning. Problem was... the letters weren't in the phrase. I don't think he understands...

     

    I've wondered how many lurkers are googling SG, & IT & F&G in an urban or an investing dictionary :-).

     

    ....oh & i vote for no mulligans. We all just have to live & laugh at our optimisms if they go to p-o-t.
    27 Jul 2013, 04:08 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @CURLS

     

    You got pot ??? No wonder you never stop asking questions..

     

    Now it all makes sense. Get the munchies ??
    27 Jul 2013, 04:18 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3503) | Send Message
     
    @ IT

     

    Nope, but I had a really good dinner!
    27 Jul 2013, 11:14 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    After quite a few suggestions and questions since the rules were listed over 24 hours ago can I suggest going over them again with consideration given to some of the newer suggestions? As mentioned, we can always follow this one up with another contest. Including dividends and interest in a contest of a year or less seems a bit tedious and more complex than need be, I suggest going back to the 5 month plan for contest 1, picking stocks as you wish until the total allocated amount is used up and no selling. The second contest can add some complexity and can be properly planned with more time and the experience of one under our belts. Keeping it simple is logical. I ask the group to reconsider the year exercise and put it off until January 1st and contest number 2. A basic buy and hold contest number one gives everyone a little experience and knowledge. Adding more time and details the second time around make much more sense.
    27 Jul 2013, 03:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @RICH

     

    Stop, we have set the rules and it's really no biggie. Just pick 10 stocks and forget about them if you'd like. But most here don't seem to have any issue with the rules so as of now they are fine unless you can get others to agree with you.

     

    It is only a game and you will learn this way as well. Besides SOUTH PM'D me and he said everyone is wasting their time as he has never been taken to a cleaners near a bridge anyway !

     

    NKMA.. (folks figure this one out )
    27 Jul 2013, 04:24 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    IT,

     

    My wife spent 20+ years in the medical field, so I know this one, the K throws it off a little.

     

    no known medical allergies
    27 Jul 2013, 06:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » @PAWS

     

    I am impressed. I thought no one would get that. I heard them ask SOUTH in the ER when he almost overdosed at a concert that question...

     

    Any allergies ?? He answered "how the hell do I know, I am here for a reason. I guess I am allergic to some drugs "

     

    Then again, maybe that was MY reply ??
    27 Jul 2013, 06:37 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    Yeah, I would not have known what it meant, but she is smarter than me about a lot of stuff. Also, those initials apply to me so she told me about it.
    27 Jul 2013, 07:16 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Is ten the limit? I remember it was suggested but I am working with 10-20 right now trying to determine which ones to go with - I wasn't sure if a limit of 10 was firm.

     

    As for the rules, I have no problem with being allowed to trade - actually if you insist on a year, you have to allow some trading although I think there should be a limit of some kind.

     

    Personally, I am going to create a Yahoo portfolio to keep track of mine and a personal handwritten log of my trades and profits/losses. I could care less where I rank in the competition since I am not keeping track of dividends, interest, etc. I am just going to see how I do based solely on stock prices throughout the year we do this.

     

    Do we submit our picks any time after the close on July 31st and before open on August 1st?
    27 Jul 2013, 07:26 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » ROS

     

    http://seekingalpha.co...

     

    All the rules are listed in the first and ONLY post until Aug 1st ~

     

    Good Luck !
    27 Jul 2013, 08:06 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Thanks IT.. after spending a couple hours earlier and a couple more just now looking through a bunch of stocks I had in mind and coming up with a few more I hadn't considered until my research, I have my ten. I can also see how $100k is a better fit. Of course, had we done less I would have chosen less than 10 and/or fewer shares per stock but this works well and should be fun.
    Although I do indeed see the value of getting very detailed with dividends, tax implications and so on at some point, I prefer to go the first contest without considering those factors. My ten stock choices are based on their price now and potential for the next 12 months. This exercise will, in fact likely help me in my investment choice(s) for late 2014 when I will be ready to re-allocate some investment funds.
    The rules state no buying until August. Does this mean we can submit picks after the close on July 31st based on those numbers or do we literally have to wait for prices at the open on August 1st?
    Looks like it will be a fun exercise. I believe using our SA names would make it much easier to quickly identify each person in any updates we decide to list. If not, I guess we can give our portfolio nickname and SA handle in parenthesis. So, if we are establishing new names for the portfolio competition... I declare my team name the same I use in fantasy sports......NOMATTERWHAT.

     

    ...LLLLLLLLLLets' Get Ready to RUMBLLLLLLLLLLLLE !
    27 Jul 2013, 11:00 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10139) | Send Message
     
    Author’s reply » July 31st closing prices are the earliest...TAX implications???

     

    No need to report this to the IRS...Just send me the $8.95 transaction fees and were fine..
    27 Jul 2013, 11:11 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    There were so many things thrown around I wasn't sure what was being considered and even after reading the rules I am still not sure if dividends are considered but that is not important for my purposes anyway since I am only concentrating on stock prices to measure the success of my picks. I would like to submit my entire portfolio choices
    on the evening of July 31st if that is OK. Thanks.
    28 Jul 2013, 12:14 AM Reply Like
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