I share my portfolio, trades, and reasoning in real time with readers at my website: http://WisdomsReward.com (specifically look for the tab that says Value Focus)
My name is Chris McKinney. Wisdom's Reward is the name of a Christian investing website I started. My faith in Jesus Christ factors into my investing in various ways. The name "Wisdom's Reward" was suggested by a friend and comes from the fact that I started on the whole venture by studying Ecclesiastes and Proverbs (both are books of Wisdom) regarding what they had to say specifically about investing and finances, as well as other principles that could be applied to investing. In fact, there is a detailed report about that study available at my site.
My background: I used to work in the investment management industry, as a buy side Equity Trader, a Research Analyst, then a Senior Research Analyst in the Wealth Management group of a large commercial bank. Later, I worked as a Senior Investment Risk Analyst for an insurance company, as part of a team charged with managing that company's $60 billion portfolio. I had a great career going. Then my personal life got out of control, before I finally decided to surrender everything to a loving savior. He rescued me from myself, and my life is better today than I could have ever imagined it being. You can read more about that on my website.
My investment philosophy: Human beings cannot see the future, so we have to think in terms of probabilities, not certainties. Then we must examine the potential rewards under different scenarios to decide if something is attractively priced. It's easy to forget that we cannot see the future clearly. The more we study a particular topic, the more we can become convinced of a specific outcome. However, neither the future nor the market knows or cares how much study we put into something. We can increase our chances of getting things right. But, if we're wrong, the high probabilities we assigned to a certain scenario won't matter. All that will matter is what actually happened. So, risk management is incredibly important.
I've had lots of formal training and study. I believe the Mr. Market analogy used by Graham and Buffett to be the most important secular material I've ever read in regard to investments. Reading about cognitive biases and other mental errors, and then using that knowledge to guard against those things is also very important. Behavioral finance is probably the most useful area of study produced by scholars.
I was fortunate to have grown up Nor Cal style in the 1960's/70's... playing sports, listening to music, and day dreaming. Now I'm a single father/musician/educator with a sense of humor doing my best to manage my finances in this turbulent global economy.
Too young to retire, but retired from the Air Force Reserves as a Nursing Officer & Gentleman! Also, retired from the Fresno VA Medical Center as a Staff RN. I am always trying to learn new things in life, and share ideas with my other financial mate friends at http://inteli-mate.webs.com and http://stockworks.webs.com --Of course, and even www.facebook.com/airforcenurse1 and www.facebook.com/inteli.mate.com has some interesting people of all various persuasions that I have talked to there too!I have served in Navy first entering at 17 years old trained in Fire Control Radar Systems, and Divisional Drug Abuse Representative on the "mothballed" USS Bronstein FF-1037 out of San Diego all the way to the Far East, and jumped into the Army Reserves from Infantryman, Medic, and LVN/LPN (359TH Combat Support Hospital. Of like the Stock Market, I jumped into my last opportunity 2003 -2005 & finished my last deployment overseas in Europe, and beyond from Medical Service Technician (2 weeks in Honduras with the 144th Medical Squadron) to a Clinical Nurse RN as an Air Force Officer attached to the Army's -- Landstuhl Regional Medical Center, Germany! The rest is history, and traded stocks, mutual funds on my time off overseas, VA, and my student days at Uppsala University, Sweden (1980-1), when I burned out in my Marketing Research job, and learned immensely from a progressive country buying my first stocks in 1981 in Skandinaviska Enskilda Banken (SAB Banken). Those Swedes fantastic people as well as my Iranian friend who became a citizen there who now has a Restaurant business in Russia! The only thing I do regret is losing touch with my friends in Sweden, Germany, and the Philippine Islands -- Don't be scared to contact me, and I do have 30 years of investing since my 20's! This is besides my Nursing & Psychology Degrees (minor in Business) from California State University, Fresno! It is called surviving the 1987 Black Monday Crash while working at the IRS (Internal Revenue Service), Dot.Com Crash of 2000-1, and the crash Great Recession Crash of 2008-2009, and living to tell about it, and I am still in the Stock Market including DAB Bank in Germany, and in and out a few times in Asian Citrus & China Index Fund 50 in Hong Kong. My newest holdings are in Cisco, Microsoft, Nokia, and Proficient Technology. Left Sirius Satelite about a year ago to my regret, but maybe I do not regret it because I believe Sirius is overvalued at this time, but did have momentum in its earnings and stock price over 8 months ago for those who bought it then and sold out for a profit two months ago! Also, I describe myself as a fiscal conservative, but a socially progressive person when come to supporting a Universal Healthcare System of some type either modeling Germany's System via the various health insurance companies that everyone is covered or a National Healthcare System like Sweden! Please note, these countries seem to be running their economies with healthcare for everyone better than the USA. I give President Obama credit coming into office trying to offer constructive solutions to solve our ongoing economic crisis, and overhauling our broken healthcare system. But, remember, investors like myself comes in all shapes, and sizes! Our mutual goals, regardless of our politics is to make money! (Some more responsibly than others, and avoid getting into schemes such as the "Maddoff crisis", and one of many "ponzi schemes" that are still going here as well "illegal insider trading", but regular people like myself just want a little "piece of the action" without being exploited by others! I consider myself open-minded socially, and try to be open-minded about the Stock Market here, and abroad! I hope to hear from you, and successful financial mate friends at http://inteli-mate.webs.com and http://stockworks.webs.com