A former financial advisor. I manage several family portfolios and trusts with a tilt toward defensive value-oriented NYSE companies. We look to hit singles, not home runs.
Holding periods depend mainly on valuation, it might be quite short if a stock pops, but is usually multi-year.
As income oriented investors, I generally avoid Nasdaq and AMEX listed companies as well as technology names which I feel are near impossible to handicap.
As a value-oriented investor, I try to identify absolute and relative values through stock screens, the neglected, and non-permament distressed situations- including blue chips sitting at, or near 52 week lows.
I rarely focus on macroeconomic themes ...More unless they are industry specific.
Low EBITDA/Enterprise multiples as it relates to historical CAGR, and conservative debt to EBITDA coverage is important.
I follow both insiders and investment managers building outsized positions within their overall portfolio.
A substantial and growing dividend policy is paramount, as well as wide economic moats and competent management.
Ideally, I attempt to average the 30 year treasury yield across all equity holdings including preferreds.
My number of holdings is between 30 and 35 names. My worst trades include Stereotaxis, where I lost most of my investment, Boston Scientific for a 50% loss, and selling Starbucks at the 2009 nadir. Some of my best trades were selling SUNW and Cisco at the market top for a 1000%+ return and buying Equinox minerals and Lionore mining as penny stocks, both of which were acquired.
I live in Ruxton MD with my wife and 3 daughters.
Current asset allocation:
40% NYSE common stocks
5% Nasdaq stocks
10% preferred stocks
20% municipal bonds
10% Canadian equities
15% cash
+/- 5% in either direction.
Core holdings include:
Bank New York Mellon Coca Cola
Carnival Halliburton
General Electric Suncor
Applied Materials M&T Bank
Rogers-Lantic Sugar Johnson & Johnson
Liquor Stores, NA Canexus
Merck Disney
Campbell Soup Du Pont
EWC etf General Electric
Pfizer
McGraw Hill Sears Holding
H&R Block CSX
Intel UPS
Davide Campari
BP Plc
Stanley Black & Decker
Microsoft
SNAPSHOT
Description: Full time investor.
Trading frequency: Monthly
Holding periods depend mainly on valuation, it might be quite short if a stock pops, but is usually multi-year.
As income oriented investors, I generally avoid Nasdaq and AMEX listed companies as well as technology names which I feel are near impossible to handicap.
As a value-oriented investor, I try to identify absolute and relative values through stock screens, the neglected, and non-permament distressed situations- including blue chips sitting at, or near 52 week lows.
I rarely focus on macroeconomic themes ...More