Senior Portfolio Manager and individual investor who started in high school and has been at it ever since. I have an MBA and have earned the right to use the Chartered Financial Analyst designation. I have worked in the business for over 15 years. My specialties include fixed income closed-end funds for generating income during retirement, micro and small-cap value investing, and macro analysis.
After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty much "been there and done that" at one point or another. I am currently a silent partner for an RIA in Houston, Texas.
The majority of my time is spent analyzing, researching and writing commentary about investing, investor psychology and macro-views of the markets and the economy. My thoughts are not generally mainstream and are often contrarian in nature but I try an use a common sense approach, clear explanations and my “real world” experience in the process.
I am the Chief Editor of the REAL INVESTMENT REPORT, a weekly subscriber based-newsletter that is distributed nationwide. The newsletter covers economic, political and market topics as they relate to your money and life.
I also write a daily blog which is read by thousands nationwide from individuals to professionals at www.realinvestmentadvice.com.
An investor with circa 30 years of professional, managerial and financial experience, gathered through both private-individual activities as well as asset management type of roles.
I'm involved in running a leveraged fixed-income, absolute return, hedge fund that aims at providing its investors with double-digit returns, per annum. The fund runs a fast, frequent and furious trading strategy and it focuses on the very short term. Definitely not a Buy & Hold!
I'm also advising and consulting to private individuals, mostly HNWI that I had been serving through many years of working within the private banking, wealth management and asset management arenas. This activity focuses on the long run and it's mostly based on a Buy & Hold strategy.
Risk management is at the very core of our essence and while we normally take LONG-naked positions, we constantly hedge our positions, in order to protect the downside, that usually occurs at times when you least expect that to take place...
I cover all asset-classes though mostly focusing on cash cows and high dividend paying "machines" that may generate high (total) returns: Interest-sensitive, income-generating, instruments, e.g. Bonds, REITs, BDCs, Preferred Shares, MLPs, etc. combined with a variety of high-risk, growth and value stocks.
I believe and invest for the long run but I'm very minded of the short run too. While it's possible to make a massive-quick "kill", here and there, good things usually come in small packages; so do returns. Therefore, I (hope but) don't expect my investments to double in value over a short period of time. I do, however, aim at an annual double-digit returns on average, preferably on an absolute basis, i.e. regardless of markets' returns and directions.
Timing is Everything! While investors can't time the market, I believe that this applies only to the long term. In the short-term (a couple of months) one can and should pick the right moment and the right entry point, based on his subjective-personal preferences, risk aversion and goals. Long-term, strategy/macro, investment decisions can't be timed while short-term, implementation/micro, investment decision, can!
When it comes to investments and trading I believe that the most important virtues are healthy common sense, general wisdom, sufficient research, vast experience, strive for excellence, ongoing willingness to learn, minimum ego, maximum patience, ability to withstand (enormous) pressure/s, strict discipline and a lot of luck!...
INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive returns over a period of time. Providing advice in helping to avoid the pitfalls and traps that wreak havoc on your portfolio with a focus on Income and Capital Preservation.
I manage the capital of only a handful of families and I see it as my number one job to protect their financial security. They don’t pay me to sell them investment products, beat an index, abandon true investing for mindless diversification or follow the Wall Street lemmings down the primrose path. I manage their money exactly as I manage my own so I don’t take any risk at all unless I strongly believe it is worth taking.
Blogging here on SA is part of my research. I write to find out what I think.
I invite you to join the family of satisfied clients send an e-mail :firstname.lastname@example.org
First, the good stuff. Here's my portfolio ...
Consumer Discretionary: MCD, NKE, SBUX, TGT
Consumer Staples: COST, GIS, KHC, KO, MO, PEP, PG, PM, RAI, WBA
Energy: CVX, KMI, XOM
Health: ABBV, AMGN, GILD, JNJ, MCK
Industrial: BA, DE, EMR, LMT, MMM
REITs: HCN, NNN, O, OHI, VTR
Technology: AAPL, MSFT, QCOM
Telecom: BCE, T, TU, VZ
Utilities: AVA, D, SCG, SO, WEC
ALSO: small stakes in 23 additional companies held in the Dividend Growth 50 portfolio (http://seekingalpha.com/article/2764265-its-new-its-nifty-its-the-dividend-growth-50): ADP, AFL, BAX, BDX, CAT, CL, CLX, COP, GE, GPC, HCP, HSY, IBM, KMB, MKC, NEE, SHPG, SJM, UTX, V, WFC, WMT.
Now, a little about me:
I am a 50-something former sportswriter who was sent on a permanent vacation during the Great Recession. That sucked, but my story is not a sad one. Unlike many folks who lost their jobs, I am not in financial distress, I am not depressed and I am not bored.
My wife is a pediatric nurse with a bullet-proof job and decent benefits. So after supporting her and our two kids (now grown) for most of three decades, the least she can do is support my semi-retired keister!
Because of Roberta's job situation, because we have zero debt (not even mortgage debt), because we no longer have any dependents and because we have been pretty diligent savers over the years, we are comfortable (though nowhere near rich).
Although we hold some funds, bonds and cash, my investing philosophy leans heavily toward Dividend Growth Investing. By early next decade, we want to live entirely off of our income stream, Social Security and pension payments - and therefore will not have to spend down the principal one iota. To accomplish this, we invest mostly in blue-chip companies with long track records of growing dividends. As of mid-2016, we are well ahead of pace to reach our goal.
When not researching investments and writing for Seeking Alpha and other Web sites, I coach middle-school girls basketball at Metrolina Regional Scholars Academy, the top charter school in the Charlotte metro area; in March 2016, we won the first conference championship in school history! I also umpire youth baseball and referee youth basketball.
My wife and I dote on our 5-year-old pup, Simmie, and keep up on the doings of our now-grown kids, Katie and Ben. And we love to cheer on the basketball team of our alma mater, Marquette University, where we both majored in Journalism. Go Warriors! Also big fans of the Carolina Panthers.
I still occasionally post to the blog I initiated in 2007 -- lots of sports stuff, some politics, some personal junk -- at www.TheBaldestTruth.com.
Dallas currently owns and operates as CEO an Austin-based enterprise consulting firm that specializes in private company lifecycle management, up to and including taking companies public, and in helping consult publicly traded companies ranging in market cap from $100 million to $500 million. He has a specialization in deal flow management and is often the referring and closing source of Joint Ventures and broader M&A. Dallas often works directly with management teams and Boards of microcap and stressed equity companies in which he or members of his professional network are heavily invested. This includes helping with overall strategy, helping with capital structure management, helping facilitate liquidity, helping facilitate Joint Ventures and broader M&A, and helping restructure the business segments if necessary. Recently Dallas has been interviewed by The Pittsburgh Business Times, The Banker, Columbus Business First, Houston Business Journal, The Deal, Energy Intelligence, and his tweets have been used by CNBC to highlight hot button issues regarding Carl Icahn, Bill Ackman, Nelson Peltz’s takeover attempts at DuPont, etc. Dallas has also been quoted and sourced to by StreetSweeper.org, Marcellus.com, MarcellusDrilling.com, Bakken.com, OilOnline.com, and other physical and online publications. "One place of great inefficiency is in the stressed equity markets – or the markets in which a company appears as bankruptcy or a breakup is inevitable. As equities become stressed they often sell down to absurd levels of value that present, should there be value to be unlocked, opportunities for “venture level” returns. These often range in the 3X-10X range. With my unique ability to actually improve business outcomes by working directly with a company and management/Board I’m in a position, should I view the underlying business as salvageable, to directly improve the long-term viability of the company. I am NOT simply an investor in these names but an acting consultant. This allows me to “overlay my network” and to move the company away from a stressed or defaulting outcome and into an outcome probability that allows the equity price to move substantially higher. Identifying these opportunities has generated shareholders and investors thousands of percentage points in aggregate and is something I’m often recognized by paying subscribers for."
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.
If you are interested in any of my digital utility solutions to add to your investing tool box to improve your investment outcomes, please visit my site
You'll find elegant applications that make it simple for you to track your portfolio in real time, make a watch list to follow in real time, track your dividend income and growth, and other applications. These applications will allow you to set alerts at prices you choose in order to obtain the yield and income that you want. They function as real time trade assistants and will improve your investment performance. You can even mirror the successful FTG Portfolio with "My FTG Mirror Calculator", and subscribers can mirror the premium subscriber portfolio with "MY RODAT Mirror Calculator" if they wish to emulate the out performance we've achieved in capital and income growth.
I am a retired clinical psychologist, and administrator and owner of a rehabilitation clinic we founded 40 years ago. For over 55 years I have managed several portfolios composed of investments accumulated over our professional careers. Since the financial crisis of 2008, I have employed specialized, customized dividend growth strategies aimed at enhancing and growing a dividend income stream.
Since December 24, 2014, I have demonstrated on Seeking Alpha the ongoing construction and portfolio management of the Fill-The-Gap Portfolio aimed at highlighting strategies investors may utilize to close the gap between an average Social Security benefit and the much greater costs faced in retirement.
This portfolio has outperformed all of the broad market indexes by a very wide margin, growing dividend income and total portfolio value consistently while the broader indexes struggle in negative territory all year.
Aside from free articles available to the general public, additional early-access, value-added ideas and deep-dive articles are offered to paid subscribers on my premium SA platform, "Retirement: One Dividend At A Time"
Let me show you how to build and grow your portfolio and dividend income, step by step, towards a comfortable and secure retirement.
50/50 Portfolio; Sept 2016 YOC 10.0% about 3 months before retirement, dividends at 70% of my gross employment income. I created a High Yield Investment dividend generator that contains a 50% weighting between agency mortgage REITs and BDCs.
**** Home of the POT (Portfolio Online Tracking) tool. (See Oct14,May25,Apr24 2016 articles)
My current investment method started January 2014 to concentrate on high yield equities that put more importance on income and less on capital appreciation. Investment purchase is based on each individual stock generating a minimum dividend per year. As long as stocks are generating income to meet or exceed my minimum dividend they will not be added too or removed. Currently all dividends are reinvested back into stocks that require their dividends to be increased to meet my minimum yearly dividend. We will see how this works over the years.
1) The REIT sector consists of residential and commercial property investments. What better way to invest in hundreds of properties without actually owing the physical property.
2) The BDC are Business Development Companies that invest in hundreds of businesses that create products and employment opportunities. Here again the BDC does all the research to lend to businesses and the investor does not have to actually own the physical business.
3) The investment selection is based on this principle; BDCs outperform when markets are going up (positive correlation), and mREITs, outperform when markets are going down (negative correlation). This is based on a research study performed by Wells Fargo titled “The 50/50 Portfolio, Milton Friedman’s Only “Free” Lunch. And runs through an analysis in demonstrating how combining BDCs and Agency mREITs leads to sustainable long-term alpha throughout cycles.
4) Capital gain does not apply to my investment method since this implies the anticipation of buy and hope for price increase in order to sell at a profit. I have already stated the HYBRID method holds investments based on cost basis and dividends per share as the method of yearly appreciation.
5) A bird in the hand is worth 10 in a bush, applies to this investment style. The return I get on my investment is what counts toward the recapture of my initial investment cost. I can calculate how many years it will take before my initial cost will be repaid and that investment now becomes perpetual income. I’m not a trader, just a buy, hold and collector (dividends * shares). I can’t count on capital appreciation since all investments will increase and decrease in any market cycle. Dividends I can count on as payment for investment risk that accumulates over time.
6) Update 20140612, Portfolio Plan; Build a portfolio that generates income 150% of minimum required. Example I need 10K from 30 stocks made up of REITs and BDCs. Diversification is already built into each stock because each one contains hundreds of properties and business, so 30 stocks is plenty. Now to generate 10K minimum income I will establish a 50% margin of error (or income default). So to get 10K minimum I will need 15K of income (10K * 1.5). This means each stock is required to generate at least $500/yr each. I can withstand a 33% hit in the dividends and still meet my 10K minimum requirement. That is 10 stocks can go to zero and the remaining 20 will create my minimum 10K.
7) Update 20140729, I do not invest in individual companies, too risky. The following is the logic behind this statement compared to BDC investments. If I invest in 30 dividend companies, anyone of them may have financial problems and drag down the portfolio very quickly. The Due-Diligence (DD) would take all my time to analyze past performance and make judgments for the future, and current events can tank a stock fast. Every company needs money to run operations and for capital improvements and this is where BDCs come into play. The individual company has to borrow funds and BDCs are there to provide the capital. So the BDC is like a bank to lend money. Each BDC may contain hundreds of separate loans going to hundreds of different companies making the BDC less risky than owning individual companies. If one of the companies that the BDC has a loan with goes bankrupt, the BDC will recover some if not all of the loan monies lent to the failed company, and the BDC will continue with a very small disruption to its bottom line. So in effect owing BDCs that contain hundreds of investments (loans to companies) earning a consistent repayment to principal and interest is safer than just owning an individual low yielding company. When you invest in a BDC or REIT you are investing in the managers that perform the DD by analyzing the companies first before loaning them money to run their business.
Owing 10 or more BDCs is like having investments in thousands of companies with a very low risk of any one individual company causing portfolio damage, while your portfolio grows faster with the high yields from BDCs and REITs.
8) I have developed FREE Excel applications for planning retirement during the accumulation and distribution phase, the links are in my articles, (Dividend Growth Calculator... and Predicting Retirement...) As I develop additional Excel 2010 applications I'll make them available to all SA members. We are all in the same boat trying to achieve a better life in retirement.
At Valuentum, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Valuentum therefore analyzes each stock across a wide spectrum of philosophies, from deep value through momentum investing. We think companies that are attractive from a number of investment perspectives--whether it be growth, value, momentum, etc.--have the greatest probability of capital appreciation and relative outperformance. The more investors that are interested in the stock for reasons based on their respective investment mandates, the more likely it will move higher.
Brian Nelson is the President of Equity Research at Valuentum Securities, an investment research firm serving individual and institutional investors, as well as financial advisors. Before founding Valuentum, Mr. Nelson worked as a director at Morningstar, where he was responsible for training and methodology development within the firm's equity and credit research department. Prior to that position, he served as a senior industrials securities analyst, covering aerospace, airlines, construction and environmental services companies. Before joining Morningstar in February 2006, Mr. Nelson worked for a small capitalization fund covering a variety of sectors for an aggressive growth investment management firm in Chicago. He holds a Bachelor's degree in finance and a minor in mathematics, magna cum laude, from Benedictine University. Mr. Nelson has an MBA from the University of Chicago Booth School of Business and also holds the Chartered Financial Analyst (CFA) designation.
Get to Know Brian:
Brian led the charge in developing Morningstar's issuer credit ratings, developing and rolling-out one of the firm's proprietary credit metrics, the Cash Flow Cushion. http://select.morningstar.com/welcome/credit/pdfs/Morningstar_CashFlowCushion.pdf
Brian is frequently quoted in the media and has been a frequent guest on Nightly Business Report, Bloomberg TV, and the Money Show.
Mr. Nelson is very experienced in valuing equities, developing Morningstar's discounted cash-flow model used to derive the fair value estimates for the company's entire equity coverage universe.
Brian worked on a small cap fund and a micro cap fund that were ranked within the top 10th percentile and top 1st percentile within the Small Cap Lipper Growth Universe, respectively, in 2005.
Mr. Nelson is also a contributor to Seeking Alpha and an opinion leader in the Industrial Goods space.
You can reach Brian at email@example.com.
Please read our Disclaimer that applies to all articles published on Seeking Alpha: http://www.valuentum.com/categories/20110613
Follow us on Twitter: @Valuentum
Let's trade trade trade, and then trade some more! Love the ladies on FOX business, and Fidelity loves me. I think that's enough. No book, No paid articles, No premium content, No company, just my own personal hedge fund - dammit. I'm such a failure. In case you don't GROK "GGjr" - that's Gordon Gekko Jr. A reflection of my net worth being several decimal points to the right of his....
2nd Market Capital Advisory specializes in the analysis and trading of real estate securities. Through a selective process and consideration of market dynamics, we aim to construct portfolios for rising streams of dividend income and capital appreciation.
I'm a 65-year-old investor focused on dividends in a Retirement Income Portfolio. I'm not yet in the distribution phase of retirement.
I've been a member of the National Association of Investment Clubs (NAIC) since 1982, which now operates as BetterInvesting.org. For many years as a volunteer I helped lead workshops to teach tools developed by NAIC to educate investors about how to do basic fundamental stock analysis. I continue to have a strong interest in investor education.
NAIC's historic "four principles" have been very helpful to me:
1) invest regularly throughout your lifetime;
2) invest in growth companies;
3) reinvest earnings and profits;
4) diversify by industry and size.
Bill Bengen's "4% Rule" concept inspired me to set a goal to create a retirement income portfolio of individual dividend growth stocks as a way to tap only dividend income from the portfolio as long as possible rather than selling assets.
Helpful mentors and colleagues include:
- Charles Allmon, former columnist for Better Investing, taught me to look for growth stocks
- Ben Graham's The Intelligent Investor taught me the importance of intrinsic value
- Peter Lynch instilled confidence that the average citizen can win in the stock market
- Louis Rukeyser demonstrated how to ask probing questions about market conditions
- Brad Thomas introduced me to a host of real estate investment trusts
- Bob Wells' analytical discipline keeps me focused on dividend growth
- Lowell Miller's The Single Best Investment helped me focus on quality and safety
- David Van Knapp's holistic style of portfolio building helps me see the big picture
- David Fish and Factoids inspire me to keep digging for data
- Chowder reminds me that each buy is the purchase of a business
- BDC Buzz has helped me sift through business development companies
- Tom Konrad opened my mind to alternative energy investments
- George Fisher is a helpful "lookout" scanning the horizon for utility opportunities
- The Seeking Alpha community--both veterans and young contributors.
Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It's designed for easy readability on the site or by email (including on mobile devices), and is published before 7:00 AM ET every market day.
Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
Sign up here to receive the Wall Street Breakfast in your inbox every business day: http://seekingalpha.com/account/email_preferences
Donald R. van Deventer founded the Kamakura Corporation in April, 1990 and is currently Chairman and Chief Executive Officer. Dr. van Deventer's emphasis at Kamakura Corporation is enterprise wide risk management and modern credit risk technology. The second edition of his newest book, Advanced Financial Risk Management (with Kenji Imai and Mark Mesler) was published in 2013 by John Wiley & Sons. In 2003 Dr. van Deventer co-authored Credit Risk Models and the Basel Accords with Kenji Imai. His second book, also with Kenji Imai, is Financial Risk Analytics: A Term Structure Model Approach for Banking, Insurance, and Investment Management published by Irwin in 1996. Dr. van Deventer's first book Financial Risk Management in Banking (with Dr. Dennis Uyemura, Probus Publishing, 1993) is one of the best known books in its field. He has served on the editorial board of the Journal of Credit Risk since 2005. Dr. van Deventer's primary financial consulting and research interests involve the practical application of leading edge financial theory to solve critical financial risk management problems. Dr. van Deventer has been involved in financial advisory assignments including both risk management and mergers and acquisitions. He has worked on assignments for the municipalities affected in the Orange County bankruptcy, in a major derivatives dispute between JPMorgan and a Korean securities firm, for Bank Negara Malaysia, the Department of the Treasury of the United States, governments of three of the OECD countries and many of the world’s largest financial institutions. Prior to founding Kamakura Corporation, Dr. van Deventer was senior vice president in the investment banking department of Lehman Brothers (then Shearson Lehman Hutton) from 1987 to 1990. During that time, he was responsible for 27 major client relationships including Sony, Canon, Fujitsu, NTT, Tokyo Electric Power Co., and most of Japan's leading banks. Dr. van Deventer completed three of the first four mergers and acquisitions assignments for a Japanese client by Lehman Brothers and the first domestic Japanese corporate straight bond underwriting by the firm. From 1982 to 1987, Dr. van Deventer was the treasurer for First Interstate Bancorp in Los Angeles. In this capacity he was responsible for all bond financing requirements, the company’s commercial paper program, and a multi-billion dollar derivatives hedging program for the company. During this time, First Interstate became the first issuer of medium term notes in the Euro market and first issuer of bank medium term notes. Dr. van Deventer also served as senior planning officer for acquisitions, new ventures and corporate strategy, participating in the 1986 attempted take-over of BankAmerica Corporation. Dr. van Deventer was a Vice President in the risk management department of Security Pacific National Bank from 1977 to 1982, where he initiated the duration-based futures hedging program for the bank. Dr. van Deventer holds a Ph.D. in Business Economics, a joint degree of the Harvard University Department of Economics and the Harvard Graduate School of Business Administration. He was appointed to the Harvard University Graduate School Alumni Association Council in 1999 and has now completed more than a decade of service on the Council. Dr. van Deventer served as Chairman of the Council for four years from 2012 to 2016. From 2005 through 2009, he served as one of two appointed directors of the Harvard Alumni Association representing the Graduate School of Arts and Sciences. Dr. van Deventer was named to the CFA Hawaii Advisory Board in 2010. Dr. van Deventer was also named to the Advisory Board of the Pacific Asian Center for Entrepreneurship and E-Business at the University of Hawaii Shidler College of Business in 2012. He served as a director of the Hawaii Bicycling League from 2005 to 2014. Dr. van Deventer also holds a degree in mathematics and economics from Occidental College, where he graduated second in his class, summa cum laude, and Phi Beta Kappa. Dr. van Deventer speaks Japanese and English.
Mid Market M&A consultant specializing in technology and energy industries. Individual Investor for over 25 years. Growth oriented investments primarily in market leaders and technology leaders. Investment philosophy is long term buy and hold with average holding time of several years.
I have a keen sense of cutting through management and Investment banker commentary and seeing true value of companies. A lot of my views tend to be controversial for that reason but at the same time remarkably accurate.
To get a feel for my writing, readers can puruse a few of my recent against the grain calls:- with extremely high success rates.
Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for its investors and then Mr. DeMuth writes about them on StW.
I am the investment manager for Darkravenwind LLC, a small software development consulting firm. 20% of our pre-tax revenue is my responsibility to invest and grow. I also help moderate the "Value Investing" group on Facebook. My hobbies include fighting the Fed, martial arts, and old video games.
I have been using value investing techniques as first described by Benjamin Graham since approximately 2005. I was wasting my life up to that point. My specialty, over and above corporate valuation, is analyzing people. Human behavior is remarkably consistent and can lead to huge gains when you understand what motivates them.
In my own portfolio, I have a diversified income focus with a preference for long term earnings and dividend growth. When a good opportunity comes along, I'll focus a large percentage of assets into that single holding. I'm also maintaining an income portfolio with a little over 180 high yielding companies inside of it as a bit of an experiment.
I was mostly self taught, but do have a partially completed business degree behind me as well. In 2008, I quadrupled my money in the crash, and saw numerous opportunities that I jumped on throughout the next few years. By 2012 my total portfolio was over 50,000% higher than when I had first started.
I was previously an employee at Countrywide Financial Corp., and was present during the mortgage meltdown. I saw firsthand how the company was falling apart from the inside while management continued to believe the organization could be rescued. Because of that experience, I have made bond analysis and studying the effects of inflation a specialty of mine.
Market direction is irrelevant. I look for value. Profitable companies that are low or even fairly priced, so long as the results are dependable. Intrinsic value is subjective, but earnings power matters. I am absolutely fearless of the future and do not make political views a part of my investment process.
I additionally make frequent updates to a blog maintainted at WhoTrades called "Brand Power", you can read and subscribe to it at bandpower.whotrades.com.
Tom Konrad, PhD., CFA is a financial analyst, freelance writer, and portfolio manager specializing in renewable energy and energy efficiency. He is currently looking for a money management firm to sponsor what he believes would be the first dividend income oriented green mutual fund, based on a strategy he has been managing since December 2013.
. He is Editor at AltEnergyStocks.com.
Tom lives in New York's lower Hudson River Valley. He volunteers for the environmental nonprofit community, runs, and is a woodworker. He's currently using those woodworking skills to renovate (and upgrade the energy performance) of the 1930 farmhouse he lives in with his wife.
He can be reached at tom at tom konrad dot com.
I am a dividend investor and look for undervalued investments in the stock market. I identify misunderstood and undervalued equity investments and hold those securities until their price approximates my estimate of intrinsic value. I am a long-term investor only.
I am building a $100,000 high-yield income portfolio. I am running this portfolio as an experiment to see if long-term sustainable income can be generated from a diversified pool of high-risk, high-yield securities. I am willing to accept high risk in order to meet my performance goals.
Retired at age 60, currently age 62. Living off pensions and social security. I do not intend to draw on dividends before 2017. Portfolio positions as of 8 October 2016. Portfolio yield 3.64%.
The stock performance for each stock was extracted from FastGraphs on the day that I filed by Proxy Vote or when the stock was added to my portfolio which ever was sooner. Depending when the person bought the stock their stock, the Personal Rate of Return (PRR) would be different. For example a stock with low 2 year price return could actually have a much higher PRR.
Symbol : Yield % : 5 yr price perf : 2 yr price perf : Rating : % Portfolio
AAPL : 2.1300 : 18.50% : 24.6% : AA+ : 0.80%
ABBV : 3.5300 : 22.90% : 12.48% : A : 1.14%
ABC : 1.5800 : 23.59% : 22.82% : A- : 0.15%
ABT : 2.4000 : 10.45% : 8.85% : A+ : 0.59%
ACN : 1.9200 : 15.87% : 13.57% : A+ : 0.17%
ADP : 2.3700 : 12.81% : 3.52% : AA : 0.19%
AEP : 3.4400 : 15.80% : 15.45% : BBB : 0.45%
AFL : 2.2300 : 7.24% : 6.04% : A- : 0.28%
AGN : 0.0000 : 32.09% : 5.34% : BBB- : 0.14%
AHGP : 8.7500 : -6.63% : -35.24% : NA : 0.40%
AMGN : 2.3300 : 26.22% : 16.65% : A : 0.21%
AMP : 3.0300 : 12.80% : -2.60% : A : 0.17%
AMZN : 0.0000 : 27.68% : 34.58% : AA- : 0.57%
ANTM : 2.0900 : 17.22% : 22.84% : A : 0.17%
AOS : 0.9900 : 29.64% : 31.79% : NR : 0.21%
APD : 2.2100 : 11.10% : 9.40% : A : 0.18%
APU : 8.1500 : 0.36% : -2.08% : NR : 0.43%
ARCC : 9.4400 : 4.98% : 2.63% : BBB : 0.26%
ARLP : 8.4100 : -6.88% : -34.26% : NA : 0.39%
AVA : 3.3200 : 14.45% : 16.98% : BBB : 0.56%
AVGO : 1.1300 : 36.46% : 57.16% : NR : 0.33%
AVY : 2.1200 : 23.60% : 29.20% : BBB : 0.17%
AWK : 1.9900 : 21.43% : 25.01% : A : 0.16%
AZO : 0.0000 : 24.83% : 55.01% : BBB : 0.23%
BA : 3.2800 : 14.06% : 3.28% : A : 0.31%
BABA : 0.0000 : xxxxxx : -3.10% : A+ : 0.09%
BAC : 1.8900 : -1.07% : -11.90% : BBB+ : 0.18%
BAX : 1.1000 : xxxxxx : 38.60% : A- : 0.18%
BBL : 5.6100 : -20.47% : -40.82% : A+ : 0.20%
BCE : 4.3800 : 9.20% : 7.70% : BBB+ : 0.27%
BCR : 0.4700 : 15.87% : 17.69% : A : 0.18%
BDX : 1.4900 : 13.13% : 17.17% : BBB+ : 0.25%
BERY : 0.0000 : 34.60% : 33.30% : BB- : 0.18%
BFB : 1.3300 : 15.90% : 4.40% : NR : 0.24%
BGS : 3.5300 : 18.60% : 23.90% : BB- : 0.17%
BIG : 1.6400 : 10.10% : 8.20% : BBB : 0.16%
BIIB : 0.0000 : 30.16% : -4.16% : A- : 0.14%
BIP : 4.8800 : 14.72% : 1.96% : BBB+ : 1.16%
BLK : 2.4500 : 20.0% : 8.6% : AA- : 0.18%
BMO : 3.9500 : 2.55% : -3.58% : A+ : 0.21%
BMY : 2.5900 : 23.80% : 18.51% : A+ : 0.51%
BNS : 4.1800 : -2.04% : -12.10% : A+ : 0.19%
BP : 6.9500 : -7.25% : -18.27% : A : 0.38%
BPL : 6.9500 : 6.70% : 0.90% : BBB- : 0.27%
BRKB : 0.0000 : 11.65% : 7.88% : AA : 0.43%
BSX : 0.0000 : 27.10% : 36.40% : BBB- : 0.17%
BUD : 3.1700 : 19.95% : 13.39% : A- : 0.19%
BURL : 0.0000 : 36.14% : 38.23% : BB- : 0.17%
BWLD : 0.0000 : 20.66% : -2.70% : NA : 0.09%
C : 1.3500 : 0.20% : -1.70% : BBB+ : 0.17%
CAH : 2.2500 : 19.00% : 7.10% : A- : 0.17%
CB : 2.1700 : 14.30% : 11.40% : A : 0.18%
CBRL : 2.9400 : 25.19% : 24.32% : NA : 0.17%
CCE : 3.1000 : 14.90% : 9.70% : BBB+ : 0.18%
CELG : 0.0000 : 27.70% : 17.00% : BBB+ : 0.15%
*CEQP : 11.4000 : xxxxxx : -54.30% : NA : 0.03%
CERN : 0.0000 : 14.00% : 7.90% : NA : 0.09%
CHD : 1.4200 : 19.60% : 19.30% : BBB+ : 0.26%
CHTR : 0.0000 : 28.40% : 17.60% : NA : 0.18%
CIM : 11.7400 : 4.00% : 9.90% : NA : 0.49%
CINF : 2.4800 : 17.21% : 17.92% : BBB+ : 0.18%
CL : 2.0900 : 13.25% : 5.21% : AA- : 0.76%
*CLMT : 0.0000 : 4.98% : -9.14% : B+ : 0.07%
CLX : 2.4300 : 17.54% : 23.68% : BBB+ : 0.51%
CMCSA : 1.6800 : 21.33% : 11.92% : A- : 0.19%
CMG : 0.0000 : 10.07% : -11.39% : NA : 0.16%
CNC : 0.0000 : 35.01% : 43.29% : BB : 0.17%
COP : 2.3600 : -4.80% : -21.40% : A- : 0.07%
COR : 2.7000 : 36.90% : 53.75% : NA : 0.19%
COST : 1.1000 : 17.35% : 18.07% : A+ : 0.18%
CRM : 0.0000 : 16.90% : 25.60% : NA : 0.17%
CSCO : 3.2900 : 5.57% : 9.93% : AA- : 0.18%
CSL : 1.3400 : 17.30% : 11.30% : BBB : 0.17%
CTAS : 0.9000 : 28.90% : 34.90% : BBB+ : 0.18%
CTSH : 0.0000 : 8.10% : 12.90% : NR : 0.18%
CVS : 1.8300 : 25.04% : 17.04% : BBB+ : 0.15%
CVX : 4.1900 : 2.46% : -3.37% : AA : 0.97%
D : 3.7000 : 13.00% : 19.10% : BBB+ : 0.16%
DEO : 2.9600 : 10.00% : 0.60% : A- : 0.06%
DG : 1.2900 : 21.08% : 21.25% : BBB : 0.15%
DHR : 0.7800 : 13.34% : 13.55% : A : 0.14%
DIS : 1.5000 : 22.21% : 19.32% : A : 0.17%
DLPH : 1.6400 : 35.08% : 6.88% : BBB : 0.16%
DLR : 3.5000 : 11.76% : 31.37% : BBB : 0.19%
DLTR : 0.0000 : 23.30% : 30.50% : BB+ : 0.21%
DPM : 9.2300 : 3.01% : -11.43% : BB : 0.28%
DPS : 2.2700 : 20.24% : 27.78% : BBB+ : 0.76%
DRE : 2.5600 : 12.28% : 16.54% : BBB : 0.23%
DUK : 4.2500 : 12.50% : 12.70% : A- : 0.06%
*DX : 11.4100 : 3.62% : -1.28% : NR : 0.31%
DY : 0.0000 : 30.14% : 43.01% : BB : 0.17%
EA : 0.0000 : 24.20% : 42.60% : BBB- : 0.17%
ED : 3.5600 : 10.56% : 16.59% : A- : 0.23%
EEP : 9.9700 : 0.67% : -5.48% : BBB : 0.30%
EPD : 6.0200 : 7.44% : -9.87% : BBB+ : 0.40%
ESRX : 0.0000 : 5.68% : -1.00% : BBB+ : 0.14%
ETE : 6.2700 : 8.60% : -22.67% : BB : 0.51%
ETP : 10.5300 : -2.21% : -18.34% : BBB- : 0.31%
EW : 0.0000 : 18.80% : 44.30% : BBB- : 0.17%
EXPE : 0.9500 : 18.72% : 20.52% : BBB- : 0.16%
EXR : 3.8700 : 36.50% : 36.20% : NR : 0.15%
FB : 0.0000 : 38.80% : 31.80% : NR : 0.59%
FBHS : 1.0000 : 40.63% : 15.67% : BBB : 0.17%
FDX : 0.9700 : 16.60% : 6.50% : BBB : 0.18%
FIVE : 0.0000 : 12.00% : 12.30% : NA : 0.16%
FL : 1.6600 : 26.42% : 14.76% : BB+ : 0.16%
FLO : 4.2000 : 11.46% : -4.11% : BBB : 0.16%
GAIN : 8.1300 : 8.20% : 8.50% : NA : 0.26%
GD : 1.9900 : 14.17% : 14.29% : A+ : 0.17%
GE : 2.9300 : 11.65% : 12.26% : AA+ : 1.17%
GILD : 2.4100 : 36.79% : 20.26% : A : 0.47%
GIS : 1.6400 : 18.90% : 15.10% : AAA : 0.84%
GLP : 12.2900 : -0.39% : -25.64% : B+ : 0.20%
GNTX : 2.0000 : 8.40% : 12.10% : NA : 0.15%
GOOGL : 0.0000 : 21.30% : 15.70% : NA : 0.60%
GPC : 2.5000 : 14.74% : 7.87% : NA : 0.17%
HAIN : 0.0000 : 22.70% : -10.97% : NA : 0.22%
HBI : 1.6200 : 30.60% : 4.80% : BB : 0.17%
HCA : 0.0000 : 23.10% : 8.70% : NA : 0.17%
HCN : 4.4700 : 9.78% : 11.85% : BBB : 0.18%
HD : 2.0400 : 30.78% : 31.90% : A : 0.48%
HEP : 7.2400 : 6.24% : 1.43% : BB : 0.38%
HFC : 5.1200 : 11.64% : -9.31% : BBB- : 0.10%
HII : 1.2000 : 34.40% : 26.40% : BB+ : 0.17%
HOLX : 0.0000 : 9.36% : 26.65% : BB : 0.17%
HON : 2.0300 : 14.00% : 6.12% : A : 0.19%
HP : 4.4700 : -1.08% : -23.03% : BBB+ : 0.17%
HRL : 1.5100 : 27.47% : 35.15% : A : 0.18%
HRS : 2.2900 : 15.51% : 14.05% : BBB- : 0.17%
HSY : 2.2100 : 15.70% : 12.70% : A : 0.17%
ICLR : 0.0000 : 23.30% : 19.30% : BBB- : 0.17%
INGN : 0.0000 : xxxxxx : 62.662 : NA : 0.18%
INTC : 2.9300 : 12.43% : 15.18% : A+ : 0.65%
ISRG : 0.0000 : 11.40% : 22.50% : NA : 0.16%
ITW : 2.1600 : 15.90% : 15.16% : A+ : 0.28%
JCI : 2.5500 : 16.00% : -1.20% : BBB+ : 0.17%
JNJ : 2.6700 : 16.26% : 10.03% : AAA : 1.24%
KHC : 2.7100 : xxxxxx : xxxxxx : BBB- : 0.91%
KKR : 5.6100 : 6.83% : -15.73% : A : 0.12%
KMB : 2.8600 : 17.57% : 11.88% : A : 1.10%
KMI : 2.3000 : -2.35% : -17.60% : BBB- : 0.82%
KO : 3.2200 : 8.22% : 9.19% : AA : 0.56%
KR : 1.4800 : 24.10% : 23.30% : BBB : 0.17%
LB : 3.1200 : 20.91% : 20.15% : BB+ : 0.18%
LEA : 1.0400 : 18.72% : 16.42% : BBB- : 0.17%
LEG : 2.6000 : 16.77% : 23.28% : BBB+ : 0.17%
LKQ : 0.0000 : 22.67% : 13.01% : BB : 0.18%
LLY : 2.6000 : 19.70% : 17.10% : AA- : 0.65%
LMT : 2.7000 : 25.31% : 20.36% : BBB+ : 0.64%
LNT : 3.0700 : 15.01% : 13.35% : A- : 0.16%
LOW : 1.8100 : 24.46% : 25.51% : A- : 0.24%
LXP : 6.3600 : 4.90% : 3.09% : BB+ : 0.43%
LYB : 4.0900 : 17.80% : -7.70% : BBB+ : 0.17%
MA : 0.7900 : 28.30% : 14.30% : A : 0.22%
MAIN : 6.4400 : 16.82% : 4.03% : BBB : 1.28%
MANH : 0.0000 : 46.39% : 27.39% : NA : 0.16%
MBLY : 0.0000 : xxxxxxxx : 6.50% : NA : 0.17%
MCD : 3.0800 : 13.40% : 16.83% : BBB+ : 0.82%
MCK : 0.6100 : 18.00% : 0.90% : BBB+ : 0.16%
MDLZ : 1.7700 : 6.95% : 13.94% : BBB : 0.37%
MDT : 1.8500 : 15.90% : 13.05% : A : 0.27%
MFA : 10.4600 : 6.40% : 4.91% : NA : 0.35%
MHK : 0.0000 : 25.90% : 19.47% : BBB : 0.18%
MHLD : 4.0300 : 14.59% : 5.27% : BBB- : 0.19%
MKC : 1.6800 : 15.60% : 16.76% : A- : 0.37%
MMM : 2.4600 : 14.32% : 13.68% : AA- : 0.52%
MMP : 4.6700 : 23.29% : 5.26% : BBB+ : 1.06%
MNST : 0.0000 : 35.60% : 50.30% : NA : 0.29%
MO : 3.6900 : 21.53% : 30.33% : A- : 4.09%
MPWR : 1.0500 : 35.40% : 28.50% : NA : 0.18%
MRK : 2.9200 : 14.47% : 3.08% : AA : 0.19%
MSEX : 2.2500 : 16.60% : 29.70% : A : 0.15%
MSFT : 2.4800 : 15.88% : 21.04% : AAA : 0.46%
MXIM : 3.2300 : 14.60% : 20.40% : BBB+ : 0.17%
NDSN : 1.0800 : 13.30% : 11.50% : NA : 0.17%
NEE : 2.8400 : 17.87% : 11.32% : A- : 0.27%
NHI : 4.4600 : 11.19% : 10.16% : NR : 0.41%
NKE : 1.0900 : 22.40% : 25.30% : AA- : 0.17%
NNN : 3.6200 : 14.65% : 17.07% : BBB+ : 0.40%
NOC : 1.6900 : 28.04% : 30.17% : BBB+ : 0.39%
NS : 9.1300 : -2.49% : -1.08% : BB+ : 0.20%
NUE : 3.0300 : 4.32% : 1.97% : A- : 0.29%
NVO : 2.0400 : 18.44% : 11.38% : AA- : 0.15%
NWBI : 3.9000 : 6.90% : 8.90% : NA : 0.18%
O : 3.6400 : 14.66% : 24.35% : BBB+ : 1.12%
OHI : 6.5900 : 13.60% : 4.70% : BBB- : 1.08%
OKE : 5.1900 : 6.05% : -31.20% : BB+ : 0.19%
OKS : 7.9700 : -0.49% : -22.65% : BBB : 0.61%
ORLY : 0.0000 : 35.75% : 33.68% : BBB+ : 0.27%
OXY : 3.9000 : -3.45% : -7.77% : A : 0.20%
OZRK : 1.6500 : 25.80% : 9.90% : NA : 0.17%
PAA : 9.7700 : 2.17% : -26.15% : BBB+ : 0.43%
PANW : 0.0000 : 24.90% : 29.00% : NA : 0.17%
PAYX : 3.0300 : 11.41% : 10.42% : NA : 0.17%
PCLN : 0.0000 : 17.70% : 3.80% : BBB+ : 0.19%
PEP : 2.7900 : 12.05% : 13.33% : A : 0.62%
PF : 2.2400 : 27.10% : 23.07% : BB- : 0.17%
PFE : 3.4200 : 13.30% : 4.98% : AA : 0.27%
PG : 3.0300 : 9.30% : 5.50% : AA- : 0.74%
PHK : 12.4200 : 1.61% : -9.95% : NA : 0.34%
PM : 4.0700 : 5.86% : 12.76% : A : 1.43%
PNNT : 14.2000 : -0.77% : -14.84% : BBB- : 0.37%
PPG : 1.4900 : 19.06% : 4.49% : BBB : 0.16%
PRGO : 0.6300 : 4.45% : -19.65% : BBB- : 0.16%
PSA : 3.1900 : 19.20% : 23.70% : NA : 0.15%
PSEC : 11.8100 : 2.60% : -8.47% : BBB- : 0.68%
PSX : 3.1900 : 29.23% : 9.16% : BBB+ : 0.21%
PTY : 10.5300 : 0.07% : -4.68% : NA : 0.18%
PYPL : 0.0000 : xxxxxx : 28.90% : BBB : 0.15%
RAI : 3.6800 : 24.59% : 36.25% : BBB- : 4.15%
RDSA : 7.5600 : -2.30% : -13.80% : A+ : 0.19%
REGN : 0.0000 : 45.40% : 14.60% : NA : 0.17%
RH : 0.0000 : 9.57% : -28.75% : NA : 0.13%
ROP : 0.6700 : 15.90% : 13.50% : BBB : 0.18%
ROST : 0.8600 : 26.79% : 26.65% : A- : 0.41%
RSG : 2.5200 : 10.97% : 18.05% : BBB+ : 0.16%
RSO : 12.6200 : 1.50% : -10.00% : NA : 0.16%
RTN : 2.0700 : 24.00% : 19.60% : A : 0.24%
RY : 4.0600 : 2.64% : -6.67% : AA- : 0.28%
SABR : 1.8600 : 26.00% : 4.10% : NA : 0.17%
SAM : 0.0000 : 11.32% : -18.77% : NA : 0.18%
SAN : 3.8800 : -9.81% : -24.95% : A- : 0.12%
SBUX : 1.4100 : 30.68% : 28.63% : A- : 0.27%
SCG : 3.2300 : 14.64% : 18.37% : BBB+ : 0.34%
SE : 4.5300 : 6.37% : -4.46% : BBB : 0.35%
SEP : 5.7700 : 10.58% : 5.19% : BBB : 0.31%
SFL : 11.7800 : 8.20% : 2.20% : NR : 0.16%
SHW : 1.1700 : 25.72% : 19.33% : A : 0.17%
SJM : 2.1200 : 16.30% : 20.90% : BBB : 0.34%
SKX : 0.0000 : 37.90% : 52.10% : NR : 0.13%
SLB : 2.4600 : 2.60% : -11.90% : AA- : 0.17%
SNA : 1.5700 : 21.80% : 16.00% : A- : 0.17%
SO : 4.3600 : 9.21% : 10.10% : A- : 0.42%
SPH : 10.5400 : -6.24% : -16.92% : BB- : 0.24%
SQ : 0.0000 : xxxxxx : 17.67% : NR : 0.14%
SRE : 2.8800 : 16.50% : 5.20% : BBB+ : 0.16%
STZ : 0.9600 : 47.00% : 34.20% : BB+ : 0.30%
SUN : 10.8100 : 20.11% : 9.95% : BB : 0.11%
SWK : 1.8800 : 10.50% : 15.30% : A : 0.19%
SWKS : 1.4900 : 17.39% : 45.24% : NA : 0.09%
SXL : 6.6400 : 15.22% : -19.71% : BBB : 0.71%
SYF : 1.9100 : xxxxxx : 9.90% : BBB- : 0.15%
SYK : 1.3100 : 13.43% : 16.79% : A : 0.18%
SYY : 2.3700 : 9.39% : 9.89% : A- : 0.33%
T : 4.6800 : 8.88% : 8.82% : BBB+ : 1.61%
TAP : 1.5900 : 16.77% : 28.56% : BBB- : 0.30%
*TCAP : 8.9600 : 11.49% : -1.16% : NA : 0.23%
TCP : 7.0500 : 4.87% : 10.45% : BBB- : 0.31%
*TCRD : 13.3900 : 3.40% : -0.80% : NA : 0.19%
TD : 3.7800 : 3.08% : -5.06% : AA- : 0.18%
TEF : 9.0300 : -10.90% : -14.70% : BBB : 0.09%
TEVA : 2.2800 : 4.70% : 6.23% : BBB+ : 0.15%
TGT : 3.3800 : 12.40% : 16.60% : A : 0.37%
*TICC : 18.1300 : -1.23% : -11.39% : NA : 0.12%
TJX : 1.3200 : 22.90% : 12.80% : A+ : 0.17%
TLP : 6.3500 : 1.11% : -15.37% : NA : 0.36%
TMO : 0.3900 : 19.90% : 15.90% : BBB : 0.19%
TOO : 8.2100 : -12.52% : -49.45% : NA : 0.09%
TOT : 5.6700 : -0.40% : -12.90% : A+ : 0.23%
TRGP : 8.2600 : 6.85% : -31.95% : BB- : 0.30%
TSCO : 1.1300 : 25.50% : 19.10% : NA : 0.15%
TSN : 0.7900 : 30.81% : 29.26% : BBB : 0.18%
TWO : 11.0200 : 6.23% : -1.78% : NA : 0.17%
TWX : 2.0300 : 23.5% : 24.1% : BBB : 0.17%
TXN : 2.1700 : 13.6% : 16.70% : A+ : 0.17%
ULTA : 0.0000 : 31.10% : 53.10% : NA : 0.18%
UNH : 1.8200 : 22.90% : 34.60% : A+ : 0.17%
UNP : 2.2900 : 14.57% : 0.07% : A : 0.17%
UVE : 2.3200 : 30.10% : 14.30% : NA : 0.17%
V : 0.6900 : 34.23% : 17.68% : A+ : 0.28%
VFC : 2.3100 : 19.70% : 0.90% : A : 0.17%
VGR : 7.2300 : 15.19% : 9.73% : B : 1.22%
VLO : 4.3100 : 17.15% : 9.87% : BBB : 0.18%
VRSN : 0.0000 : 30.40% : 19.40% : BB+ : 0.15%
VTR : 3.9700 : 6.40% : 4.77% : BBB+ : 0.35%
VZ : 4.3000 : 9.40% : 6.91% : BBB+ : 0.63%
WBA : 1.8700 : 16.72% : 21.55% : BBB : 0.74%
WEC : 3.2800 : 15.77% : 13.26% : A- : 0.15%
WES : 6.4900 : 10.30% : -11.06% : BBB- : 0.97%
WFC : 3.0700 : 11.90% : 3.53% : A : 0.45%
WM : 2.5500 : 12.10% : 20.10% : A- : 0.19%
WMT : 2.8000 : 7.10% : -4.40% : AA : 0.22%
WPC : 5.8900 : 16.90% : 6.90% : BBB : 0.19%
WPZ : 9.0900 : xxxxxx : -53.62% : BBB : 0.22%
WSO : 2.3000 : 21.40% : 28.60% : NA : 0.17%
WTR : 2.4700 : 12.92% : 12.95% : NA : 0.17%
XEL : 3.2600 : 13.28% : 16.58% : A- : 0.17%
XOM : 3.4200 : 3.67% : 2.38% : AA+ : 0.54%
++SPY : 1.90000 : 13.30% : 7.80%
++SPY added as a comparison benchmark.
* Indicates stocks that I might sell.
New additions JAZZ, MAS, SPR, VNTV, THO, FISV, AMT, QCOM (previously owned), AMAT, ATVI, NVDA, FDS, FTV (spin-off), ASIX (spin-off), VSM (spin-off), and NVEE. Total positions held 302.
In general there seems to be a correlation between high yield and substandard stock price performance (total return).
Ph.D. economics and Finance MBA finance
Globe Institute of Technology
Professor – Economics and Finance, Chair of Business Department
Colorado Technical University
Adjunct Professor – courses: Applied Managerial Finance (Graduate Level), Microeconomics, International Finance
European School Of Economics (New York Campus)
Adjunct Professor – Economics (Graduate Level) Courses taught: Microeconomics
Metropolitan College of New York
Adjunct Professor – Economics, Banking and Finance
Courses taught: History of Economic Thought, Macroeconomics, Money and Financial Institutions
World Gold Council
New York, NY
• Constructed econometric models relating to gold's role as a portfolio diversifier primarily aimed at institutional investors.
• Focused on models of the embedded optionality of gold in terms of its relation to other investment assets and economic fundamentals such as inflation and business conditions.
Founder and President, Internet Startup company with polling and investment advice websites.
Fundamental Portfolio Advisors, Inc.
Chief Portfolio Strategist – President
• At the predecessor company I started the New York Muni Fund, the first single state triple tax-free municipal bond fund.
• I took the fund from a one-employee start-up where I performed every function to a family of mutual funds which had five funds with total assets above $300 million and which did all of its distribution, accounting and transfer in-house.
• I wrote the initial prospectus and was responsible for managing the portfolios of what eventually grew to be a family of 5 mutual funds.
• Was chief economist for parent company’s brokerage affiliate.
• Involved on the buy-side in the development and monitoring of various structured municipal finance products. Worked with major issuers such as New York City and major investment banks such as Merrill Lynch and Goldman Sachs.
• Designed and submitted a U.S. Patent Application for a portfolio management system for mutual funds involving derivatives.
Note: In 1996 Fundamental Portfolio Advisors and myself were subject to civil litigation by the SEC which resulted in deregistration and a permanent bar from the securities industry.
A. Gary Shilling & Co.
Senior Economist – Vice President
Economic consulting, modeling and forecasting. Both macro and micro.
• Clients included: Emerson Electric, Bethlehem Steel, Castle & Cooke, Cooper Industries and the U.S. Department of Transportation.
• I was the author of the 1979 study commissioned by the U.S. Government Interstate Commerce Commission, which calculated the expected economic impact of trucking deregulation.
White, Weld & Co, Inc.
• White, Weld was the sixth largest investment banking and brokerage firm when Merrill Lynch bought it.
• Extensive work was done on the All-American Pipeline Proposal to tap the Alaskan Gas Reserves.
• The economics department of White, Weld formed A. Gary Shilling & Co. at the time of the Merrill Lynch merger.
American Stock Exchange
New York University
June 1978 Ph.D.
• Ph.D. dual field, economics and finance.
• Doctoral dissertation was in contingency claims (options) theory
June 1973 MBA with concentration in economics and finance
NYU Engineering School
June 1971 Bachelor of Science - Nuclear Engineering Tau Beta Pi
Analysis of the Embedded Inflation Optionality in Gold Prices. World Gold Council, 2000. New York, N.Y.
The Economic Impact of Trucking Deregulation. Interstate Commerce Commission, 1979, Washington D.C.
Dave Fish is Executive Editor for The Moneypaper and co-manager (since 1999) of the MP 63 Fund (Symbol: DRIPX), a fund that invests exclusively in companies that offer Direct Investment (or Dividend Reinvestment) Plans. He is also the author of the U.S. Dividend Champions spreadsheet (and PDF), which is updated at the end of each month...and lists companies that have increased their dividend payout for at least 25 consecutive years. (Separate tabs list "Contenders" that have increased their payouts for 10-24 years and "Challengers" that have increased their payouts for 5-9 years.) http://dripinvesting.org/Tools/Tools.asp
Elliott Gue knows energy. Since earning his bachelor’s and master’s degrees from the University of London, Elliott has dedicated himself to learning the ins and outs of this dynamic sector, scouring trade magazines, attending industry conferences, touring facilities and meeting with management teams.
For seven years, Elliott Gue shared his expertise and stock-picking abilities with individual investors through a highly regarded, energy-focused research publication. Elliott Gue’s knowledge of the sector and prescient investment calls prompted the official program of the 2008 G-8 Summit in Tokyo to call him “the world’s leading energy strategist.”
He has also appeared on CNBC and Bloomberg TV and has been quoted in a number of major publications, including Barron’s, Forbes and the Washington Post.
In October 2012, Elliott Gue launched the Energy & Income Advisor (www.EnergyandIncomeAdvisor.com), a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
The masthead may have changed, but subscribers can expect the same in-depth analysis and rational assessments of investment opportunities in the energy sector.
Motto: I invest in undervalued (i.e. cheap) well-established companies trading at a below market multiple.
The companies that I invest in are large stable companies with proven track records. My goal is the highest total return possible with the least amount of risk.
Professional Background: I am a healthcare practitioner with extensive experience in the pharmaceutical sector. I have a passion for investing honed over the past twenty years through various market cycles.
Trinity Research Group ("Trinity") was established in 2014 by a group of international individual investors each with decades of investment experience in China and the USA. Trinity focuses exclusively on opportunities, long or short, created by false information and/or inaccurate market beliefs. Trinity leverages the principals' substantial local networks to conduct extensive fundamental, bottoms up due diligence of misunderstood companies.
Trinity invests the principals' money exclusively and does not manage assets for others or advise clients.
Trinity publishes research for information and educational purposes only, and our research should not be considered investment advice. Refer to the disclaimer below.
Trinity Research Group strongly recommends that every investor conduct his/her own due diligence before buying or selling any security. Trinity does not guarantee in any way that it is providing all of the information that may be available. You should be aware that the principals of Trinity might hold a position, long or short, in any of the securities discussed in our research.
Our research and report expresses our opinions, which we have based upon publicly available information, third-party buy- or sell-side research (whenever referenced), our own due diligence, and inferences and deductions through our analysis. Trinity believes all information contained in its research is accurate and reliable, and has been obtained from sources it believes to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind, whether express or implied. Trinity makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Trinity is not obligated to update any of its opinions or research after making it available.
Alex Cho is a top contributor on Seeking Alpha in both the long ideas and technology section of the website. Alex Cho's articles have been featured on The Motley Fool, The Street, and Benzinga. Alex Cho has been featured on ValueWalk's throwback Thursday for his analysis on Apple. Furthermore, Alex Cho's financial expertise ranks him in the top 100 on TipRanks, and his recommendations have a 80% success rate according to Tip Ranks.
To reach out to him for business opportunities, to share ideas, guest writing opportunities, consulting opportunities e-mail him at firstname.lastname@example.org
Nigam Arora is an engineer and nuclear physicist by background, has founded two Inc. 500 fastest growing companies, has been involved in over 50 ventures, is the developer of Theory ZYX of Successful Change Management, is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method to profit from change in trading and investing.
Theory ZYX of Successful Change
Nigam Arora is the original developer of Theory ZYX. He is also the author of the book Theory ZYX – A Definitive Guide to Reach the Next Level.
The United States Patent and Trademark Office has awarded Nigam Arora 26 patent claims on Theory ZYX.
Necessity is the mother of invention. Upon concluding that no rigorous analytical methodology existed to help him successfully create and manage change in one of his ventures, he rolled up his sleeves and plunged into action. Thus, Theory ZYX of Successful Change Management was born.
Most change management experts primarily come from the background of academia and psychology. Nigam has added a new dimension to the state-of-the-art change management based on his extensive change experience in business, operations, and technology.
Theory ZYX has been applied to strategy development,merger integration, vision development, accelerating innovation, cost reduction, increasing revenues and culture change.
The ZYX Change Method of Investing and Trading
Upon requests to adapt Theory ZYX of Change to help manage investments, Nigam developed the ZYX Method for Profiting from Change in Investing and Trading taking advantage of his over two decades of experience in developing technical, quantitative, and fundamental models as well as implementing gray boxes* to execute the models in a variety of market conditions.
Since 2007, Nigam has been illustrating the power of the ZYX Change Method by providing concise actionable calls on this site. The Arora Report blog focuses on providing clear signals and being concise about the trigger event which is one of the six screens of the ZYX Change Method.
Conceiving and executing change for the better has been a way of life for Nigam Arora.His passion for innovations in business and technology led to his founding of two of the fastest growing (Inc. 500) companies and over 50 other ventures. Action Systems, Inc., a company he founded, was ranked the 29th fastest growing Inc. 500 company. This company grew by capturing over 60% of the market share in the startup of Radiation Monitoring Systems to nuclear power plants and diversifying into a variety of energy projects.
He also founded Action Systems Technologies, Inc. that was ranked the 103rd fastest growing Inc. 500 company. The company grew by providing innovative technology services to Department of Defense, Department of Energy, Aerospace, Automotive, Defense, Distribution, Electronics, Energy, Food, Healthcare Information Technology, Logistics, Manufacturing and Mining industries.
He was the CEO of KnowledgeAZ, Inc., which developed software for eCommerce, logistics, supply chain and asset management.
He was the CEO of Utility Frontier, Inc., which was a Business-to-Business Exchange for 369 municipalities.
Other companies he founded included a provider of printed circuit boards to the computer and electronics industries, a manufacturer of computer networking hardware, a manufacturer of instruments for the energy industry, a solar power producer, a software developer for warehousing and material tracking, a software developer for plant maintenance, a change management consulting firm, and a provider of semiconductor testing services to automotive and defense industries.
Early Years in USA
Nigam graduated with a M.S. in Electrical Engineering from the University of Kansas in less than one year .with a GPA of 3.94/4.00 Then he studied Marketing and Finance in an MBA program at Indiana University.
He developed an imaging system on a NASA funded project for the Center for Research, Inc.
Nigam led the development of one of the first automated computerized plant wide Radiation Monitoring and Control Systems for commercial nuclear power plants. He was also the first to discover and develop methods of accurately measuring certain nuclear isotopes in power plants. He was in charge of Engineering at NMC.
Early Years in India
Nigam Arora received a B.S. in Electronics Engineering from Punjab Engineering College with High Honors when he had just turned 20. He developed the first digital Phase Meter in India. He was selected in a program of the Indian Air Force under which he learned about electronics aboard fighter aircraft. He also worked on research at Central Scientific Instruments Organization.
Tech Analyst and opportunistic investor focused primarily on micro caps and up and coming technology companies. I am currently in discussions with a partner to develop and launch a investment premium newsletter website. If you are interested in learning more about my premium newsletter or would like to be added to my mailing list you can inbox me.
You can follow my personal trades and invest your own money with me via Instavest www.instavest.com My focus is on ground breaking technology and the companies that will deliver them in the future. I have managed a family portfolio since 2008 that has been focused on growth and income generation. You can follow me on twitter @MattMargolis24
Rubicon Associates is headed by a Chartered Financial Analyst charter holder with over 20 years of experience in the investment management industry focused on the analysis, investment and management of fixed income and preferred stock portfolios. Over the years, he has analyzed and invested in both public and private companies around the world as well as advised institutional clients on fixed income strategies and manager selection. The principal has been responsible for managing nearly seven billion dollars in credit investments across the capital structure and overseeing the research and trading of credit market activities. Rubicon Associates has written for Seeking Alpha, Learn Bonds, a newsletter and TheStreet.com in addition to advising institutional and private investors.