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The Wall Streeter

The Wall Streeter
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  • 5 Stocks Warren Buffett Bought Heavily In The Past Year [View article]
    Buffett did not buy any of these. Ted or Todd did.
    Apr 24 09:39 AM | 2 Likes Like |Link to Comment
  • My 5 Summer Stock Market Flings For 2013 [View article]
    You guys do realize that AAPL is still a 400 B market cap. Changing its direction can be kind of hard. Longer term I see AAPL stock selling in the $250-425 range. The high mark of $700/share may not be reached again for at least a decade. I should say the $700 B market cap may not be reached for a long time (maybe by 2030), since essentially they could buy a lot of stock back and raise EPS to support its stock at some point. Once the stock establishes its longer term range than one could trade it successfully. At the moment it's trading toward the higher end of the range identified.
    Apr 19 06:34 PM | Likes Like |Link to Comment
  • Even At A Low Payout Ratio, Wells Fargo Has An Amazing Dividend Yield [View article]
    Bought WFC at all kinds of prices including a chuck at $10 in March of 2009. My dividend yield is pretty high. This is the best large bank in US. ROA of 1.4%. check out the rest. Only US bank does better on ROA.
    Apr 1 02:10 PM | Likes Like |Link to Comment
  • Up 10%, Are Stocks Now Too Dangerous To Hold? [View article]
    Two ways to play it for the long term investor. Get in now and capture 20% rise in the next 18 months or so. Or wait on the sidelines for a major bear market. When the bear comes It will most likely drive us down to 1000-1200 on S&P 500, sometime within 3 years or so. Now in between, there will certainly be some corrections of 5-10% lasting 1-3 months but I don't care too much about those. Oh and stick with high quality franchise names b/c the bear might just jump out of the bushes when no one is looking and we might get caught off guard. Lower quality issues which are more than 90% of stocks (not the stock market) will see declines of 80%+ during bear markets.
    Mar 30 05:49 PM | 2 Likes Like |Link to Comment
  • Gold's Dull Future [View article]
    10 years out 10k invested in these stocks will be more than in gold
    (wmt, ibm, wfc, pg, ko)
    i am willing to bet 100 bucks
    Mar 29 09:02 PM | Likes Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    I have a solution for my money. I put it all in the stock of Wal Mart, Wells Fargo, Coca Cola, Microsoft, IBM, PG. Here it will earn me 2.5% a year.
    The longer I leave it there the better. When I check my account 10 years later I find my money will still be there; and in multiples of what I put in. If you think that the money in your bank is safer b/c it's insured by FDIC, think again.
    Mar 29 08:49 PM | 1 Like Like |Link to Comment
  • Warren Buffett Violates His 'Ham Sandwich' Principle With Goldman Deal [View article]
    IBM is also a bet on the management to a great degree. Warren commented how great the current management is. While anyone may run IBM, capital allocation policy put in place by the current management has Buffett tap dancing to work everyday.
    Mar 26 11:53 PM | 1 Like Like |Link to Comment
  • Surface RT is "on track to join Zune and the Kin in the great consumer electronics discount rack in the sky," writes MKM's Israel Hernandez, as he cuts his FQ3 estimates for Microsoft (MSFT). He adds there's "mounting evidence that Windows 8 is failing to resuscitate flagging PC demand," and believes PC shipments will likely see 10%+ declines at least through 1H13. Also: the head of Samsung's memory chip ops recently declared Windows 8 to be no better than Vista. [View news story]
    I upgraded to Win 8 the very same day it came out. Hated it for 2 days. Now months later and I think its the best windows OS ever. Took a small position in the stock. Will average down and collect that dividend while I wait.
    Mar 11 10:03 PM | 9 Likes Like |Link to Comment
  • Cramer's Lightning Round - Too Many Moving Parts In Cabela's (3/8/13) [View article]
    All these may be at the highs but the best of the best are: WMT, WFC, IBM, BRK-B, KO and MSFT. MSFT is the only one that is not at the highs. Most stocks out there are very overpriced at the moment. Especially mid to small cap stocks are extremely overpriced. That said many will continue to march higher but at some point they will implode and someone will get hurt. The above mentioned stocks have huge moats and great management. The moat will deliver earnings and the management will know just what to do with the $$$. While these giants will continue to move much slower on good news than the small names, 5 years from now their average will be much higher than any other basket of stocks out there.

    Good luck,
    Mar 11 07:29 PM | Likes Like |Link to Comment
  • Ford: Ready To Race [View article]
    I really love the company, was buying since 2007 around $7 a share, averaged down all the way to $1.80 but I am selling now. Stock wise GM is better priced now.
    Mar 11 01:28 PM | Likes Like |Link to Comment
  • The S&P 500 Today Versus The 2007 Peak [View article]
    Look for S&P 500 to go to 1600-1650 level over the next 18 months. I think from there the only place to go is 800-900. There are plenty of headwinds moving forward. For one thing corp net profit margin are at all time highs, giving way to rise in earnings. Don't expect that to continue for much longer. Empirical evidence shows a contraction in net profit margins is correlated with a contraction in P/E.
    Sep 21 09:25 PM | 1 Like Like |Link to Comment
  • Portfolio Strategy: In Praise Of Concentration [View article]
    Great Topic and Insight
    I am a very big fan of Concentrated Portfolios. After all why put your money in your 38th best idea, when you can put that money on your 3rd or so. After all most small business owners feel very comfortable putting all their money into their 1st idea, that is their business. Why should they fear putting their money in 5 different ideas, in most cases large multinational proven business.

    As an individual investor and one where there is no fear of fund redemption b/c of a bad year, I stay within 5-10 holdings range. I usually put a minimum of 10% in one stock and a max of 20%. Usually these companies are in different industries but when an industry is in huge distress (financials 2011), up to half of my portfolio can be invested in that industry.

    I almost never buy all at once. I usually accumulate my positions over several purchases (also 5-10) over a longer period such as 6 months or a year. In time of panic (August 2011) I tend to accumulate much faster. In those times I do more typing work and very little mental work.

    Having a few stocks in my portfolio reduces transactions costs, makes it easy to follow the companies I hold, and I get to know those companies very well.

    I also hold a stock on average of about 3-5 years. However, the holding period can vary greatly. Sometimes I sell in as little as a few months and sometimes never sell.

    On last note, for an individual investor who wants to hold more than 10 stocks, I would highly suggest Index Investing.
    Mar 20 10:57 AM | Likes Like |Link to Comment
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