I try to carefully trade weekly & monthly stock options with expertise in mining companies & traditional manufacturers. Speak & write fluent Portuguese and speak good Spanish. Resided twice in Brazil and once on Guam Island. Employed at the same large foreign-owned Distribution Center the past 15 years & completely 100% Pro-NAFTA. Smart individual investing is the preferred solution to improving one's economic future, as opposed to vast & vague government handouts. Seeking Alpha is the #1 best financial blog because of honest opinions & superb organization.
Dale Roberts is an Investment Funds Associate with Tangerine Investment Funds Limited, a subsidiary of Tangerine Bank wholly owned by Scotiabank. My articles are for information purposes only and do not constitute investment advice or an offer or the solicitation of an offer to buy or sell any securities. These articles are my personal opinion and are not those of Tangerine Bank or its subsidiaries. Remember past performance is not guaranteed and may not be repeated. Investment strategies are not suitable for everyone and you should always conduct your own research or speak to a financial advisor.
I have a degree in Math and Science from the University of Toronto, as well as a degree in education, also from U of T.
I have traded private equity for 38 years and have developed a proprietary Price Modelling System which has provided me with consistent profitable trading success.
In partnership with my computer scientist son, Aidan Gomez, we have automated this model using neural networks, and offer a Trade Alert service that lets subscribers replicate the trades we are involved in.
Founder of "The Contrarian", a premium research service, featuring the "Bet The Farm" Portfolio. Actively investing since 1995, I have soared like an eagle, and been unmercifully humbled by the markets. Achieved positive returns in 2008, and turned an account with $60,310 on 1/1/2009 into an account with $3,177,937 on 11/30/2009. My best years have been 1995-2003, 2008-2012, and 2016-????. My worst years were 2013-2015. I believe inflation is coming, and we are at an inflection point in the markets.
Twenty year career as an investment analyst, investor, portfolio manager, consultant, and writer. Founder of Koldus Contrarian Investments, Ltd, which was incorporated in the spring of 2009. Dyed in the wool contrarian investor, who has learned, the hard way, that a good contrarian is only contrarian 20% of the time, but being right at key inflection points is the key to meaningful wealth creation in the markets. I believe we are near a meaningful inflection point, perhaps the biggest one yet, for the third time in the past 15 years.
Historically, I have had huge wins and impressive losses based on a concentrated, contrarian strategy. Trying to keep the good while filtering out the bad.
Seeking to run an all weather portfolio with minimal volatility and index overlays to capture my strategic and tactical recommendations along with a concentrated best ideas portfolio, which is my bread and butter, but the volatility only makes it suitable for a small piece of an investor's overall portfolio. The following are a couple of my favorite investment quotes.
"Life and investing are long ballgames." Julian Robertson
"A diamond is a chunk of coal that is made good under pressure."
"Knowledge is limited. Imagination encircles the world." Albert Einstein
I’ve been on top of the world, and the world has been on top of me. I have learned to enjoy the perspective from each view, and use opportunities to persistently acquire knowledge, and enjoy the company of those around me, especially loved ones, family, and friends.
At heart, I am a market historian with an unrivaled passion for the capital markets. I have had a long history and specialization with concentrated positions and options trading. Made money in 2008 with a net long portfolio, deploying capital in some of the market's darkest hours into long positions including purchases of American Express, Atlas Energy, Crosstex, First Industrial Real Estate, General Growth Properties, Genworth, Macquarie Infrastructure, Ruth Chris Steakhouse, and Vornado near their lows. Shorting, hedging, and option strategies also helped me in 2007 and 2009, and these are skills that I have developed ever since I started trading heavily in 1996.I enjoy reading, accumulating knowledge, and putting this knowledge to work in the active capital markets, learning lessons along the way.To this day, I continue to learn, and some of these learning lessons have been excruciatingly difficult ones, especially over the past several years, as I made mistakes allocating capital, including a sizable portion of my own capital (I always invest alongside my clients), to commodity related stocks. While all commodity related stocks have struggled since April of 2011, coal companies, which attracted me due to their extremely cheap valuations, and out-of-favor status (I am a strong believer in behavioral finance alongside fundamentals and technicals) have been the worst investing mistake of my career. The focus on the commodity arena has been the biggest mistake of my investment career thus far, yet in its aftermath, I see tremendous opportunity, even larger in scope than the fortuitous 2008/2009 environment.The capital that I accumulated and the confidence gained in navigating the treacherous investment waters of 2008 gave me the confidence to launch my own investment firm in the spring of 2009, right before the ultimate lows in the stock market. At the time I was working as a senior analyst at one of the largest RIA's in the country, and I felt strongly that the market environment was the best time since 1974/1975 to start an investment firm.
Prior to starting my firm, I was a senior analyst for three different firms over approximately 10 years (Charles Schwab, Redwood, Oxford), moving up in responsibility and scope at each stop along my journey. Since I was a paperboy, I have always had an interest in the investment markets. I love researching and finding opportunities. I am a Chartered Financial Analyst, CFA, as well as a Chartered Alternative Investment Analyst, CAIA. After starting in the teaching program at Ball State University, I switched to a career in finance when I turned a small student loan into a substantial amount of capital. I graduated summa cum laude with a degree in finance from Ball State.
Full disclosure, I am not currently a registered investment advisor, though I did serve in this capacity from 2009-2014, while owning Koldus Contrarian Investments, Ltd. Additionally, I held various securities licenses from 2000-2014, without a single complaint filed, and I continue to hold industry designations. At the end of 2014, I voluntarily let my state registration expire, as I transitioned the business to a different structure. Prior to this, I had passed, and held, various securities exams and licenses, including the Series 7, Series 63, and Series 65 exams, in addition to others, alongside my CFA and CAIA designations. Unfortunately, I did not file the proper paperwork to withdraw my state registration, and I did not disclose a personal arrangement, and subsequent civil case, between myself and a former close personal friend and client, that was initiated in 2011. I was unaware that I was required to disclose these items, and my securities attorney, at the time, did not advise me to do so. Previously, I had managed a portfolio for this gentleman, and we had taken an investment of approximately $7 million in 2009, and grown it to over $25 million at the beginning of 2012. After a difficult year of performance, an employee of the firm I owned, and friend, resigned in early 2013, and took the aforementioned client to a competing firm. As a result of not filing the proper paperwork, I agreed to a settlement, with a potential $2500 fine in the future, depending on if I choose to reapply to be a non-exempt advisor.
I'm a long-time investor who has transitioned from 2,000+ trades a year, to a longer-term portfolio management method. I have an eclectic portfolio, as do many of you.
I blend EXTREME INCOME holdings, PLUS lower-yield dividend growth stocks in our retirement accounts (buffered by significant cash reserves). Recently I added a third leg--the weekly sale of covered calls on volatile stocks, gathering large premiums each week as the options expire (or roll them over...OR let the shares get called and start fresh the next Monday.). I often carry short positions to buffer downturns.
(I want to offer a "hat tip" to two special investors who have influenced my methods: "WmHilger1" and "GGjr", both on this site. You want to learn about Extreme Income investing, or selling covered calls on aggressive stocks? Read their posts and comments and come away a better investor.)
I want my OVERALL portfolio to grow via reinvested income; I spend some and reinvest some. I'm agnostic as to the source of the income (as long as it's reasonably sustainable).
Most of the time, I use leverage to boost returns in my taxable accounts. This has hurt at times; most of the time it has been a positive. I try to stay under 50% margin; I'll exceed that on occasion. Note my accounts are at IB, which has dirt cheap margin rates.
For Extreme Income, I like various Pimco CEF's; selected other CEF's; NLY; ORC; STON; VGR; AMZA; and others.
In my "Plus" (DGI) retirement accounts, KO, GIS, GILD, JNJ, HSY, GSK, CL and others. These have a ten-year hold, with all dividends reinvested. It's our "Private Pension" for my wife, who is younger than I am and has more accumulation time than I do.
For the final leg of my 3-legged investment stool, I sell covered calls each week to speculators who want to gamble on short-term stock price movements; I play the bank for them. Many of these options expire worthless. I'll use any stocks that work; lately energy stocks like CHK and MRO have proven fruitful. This income generation method takes more work than the others; it's worth it if done right.
August 2016 note: I believe precious metals are at the beginning of a new bull market. I've been involved in GDX since January, having bought it and sold covered calls against it. I recently added a cross-section of metals stocks to it, and hold them uncovered. Some names are PVG, IVN.to, SAND, SLW, FNV AND RGLD. The royalty companies are hugely attractive. Do your own research here; the wild swings in this sector will make your stomach churn.
Note neither the holdings nor methods are recommended for others. They work for me.
I am just a guy in my 50s. Pay no attention to my accolades or the lack thereof. Although I am not really interested in getting rich,...that is, I really have no ambition to spend money, I do, however, like to measure my grasp on reality by my (in)ability to beat the market. For a benchmark I simply use VTI and VXUS to determine if my slicing, dicing, tilting, ETF rotations, and stock picking add any value. My portfolio is humble but that is not the point. I live in the middle of nowhere in a desert oasis that is obscured from any traveler’s view by visible heat waves that blur the atmosphere. Hopefully my remoteness improves my objectivity.
I am a small business owner from Florida who is interested in Florida Insurance and fairness for all stakeholders. I invest in companies which are strong and sustainable. I believe in transparency in everything a public company does. I remain anonymous so that I can express opinions which are sometimes controversial and unpopular in the insurance community, but are based on my reading and experience with primary sources of information. I strive to present factually accurate information and allow others to use it as they see fit. I hate hypocrisy and those who hurt others for personal gain.
I am a 33 yr old San Diego-based, private investor always looking for new investments. I like boring companies no one cares about and I just wait for the price to make sense. All of my most successful investments have been the easiest. I read about 6-8 hours a day, mostly investor relations websites and news. I use no financial modeling other than looking at financial statements and crunching a bunch of numbers in my head. I pride myself on efficiency, so I have taught myself to analyze businesses extremely quickly with just a few simple questions. I find merger arbitrage to be a great way to generate additional returns when I carry excess cash. I am a scratch golfer who gets into plus handicap territory if I play a few times a week. I enjoy beaches, vacations and skiing. Life is pretty good.