WHO AM I? Old (55+). BS & MBA in finance. 17 years in financial services industry. Owned/operated small business for 8 years. Professional investor for past 13 years. INVESTMENT METHODOLOGY The best description would be swing trader/investor over multiple time frames. My objective is to outperform the market on a risk adjusted basis. I treat my investing as a business by measuring my performance continually and setting up systems that force me to reexamine my decisions and manage portfolio risk. I actively invest about 40% of my net worth and continually move profits from an active to passive (indexed) platform. I believe a indexed/diversified portfolio approach is best for most (certainly my wife) but also believe that trading/investing is a skill that some can capitalize on. I currently own long term stocks like JNJ/PEP/NSRGY that I would be happy to hold forever, however, I will sell if they reach an extreme overvalued level. Most of my active trading involves opportunities that will occur over a period of 1 week to 6 months. SOME OBSERVATIONS ABOUT MARKETS AND INVESTING The best description of markets I've ever heard is that "Markets Are Social Systems" (Ray Dalio, Bridgewater). Prior to that I'd heard markets described as "A Game" from people as diverse as Joseph Granville and Bill Drunkenmiller. The description of markets as "A Game" never really sat right for me.... it was missing something. The "Social System" description is perfect for me because it reminds me that not everyone thinks or is looking at the market like I am. I believe that investing is like most professions. Some will be better than average, some worse than average, and the vast majority average. Those above average will educate themselves, spend more time on their profession, treat investing seriously and have a love for the "game". For me... the most important characteristic for success is self reflection... the ability to question yourself and your decisions. If you can't take a loss, you will never outperform. In most professions it pays to specialize, same with respect to investing. Concentrate on what you do best, gain an edge. If you are looking at the same thing as everyone else, what are the odds that you have special insight? If you do a professional search, you will find that very few professional investors in the large cap space are generating much alpha. Too many people looking at the same thing. In crisis there is opportunity (Yes, old chinese proverb) . Pay attention to how you "feel" when you invest. If you are frightened to hit the "buy" button, it's probably a good trade. Spend more time thinking and less time acting. Accept the feedback the market provides... it's not personal. FAVORITE QUOTE.... "The Truth is rarely pure and never simple" Oscar Wilde 1895. Yes, picked that up in a Irish Bar (Cairns AUS). PORTFOLIO PERFORMANCE 2003 +37.1% 2004 +22.3% 2005 +14.4% 2006 +25.7% 2007 +21.5% 2008 (-43.7%) 2009 +121% 2010 +49.2% 2011 +44.8% 2012 +6.5% 2013 +126.3% 2014 +12.4% 2015 -1.1%
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Only days after the S&P 500 crashed to the depths of hell at 666, the Hoffman brothers launched Wall St. Cheat Sheet: one of the fastest growing financial media sites on the web. Like a samurai, our mission is to cut through the bull and bear sh** with extraordinary insights, a fresh voice, and razor-sharp wit. We provide the highest quality education and information for active investors and financial professionals. We are official contributors to Yahoo Finance, CNNMoney, the Chicago Mercantile Exchange, Business Insider, The Huffington Post, Minyanville, SeekingAlpha, and Zero Hedge. Our work has been cited in top finance and trading outlets such as The Wall Street Journal, MarketWatch, Financial Times, The Big Picture, Real Clear Markets, The Atlantic, Business Insider, The Huffington Post, Infectious Greed, DealBreaker, CBS MoneyWatch, Kiplinger, Investment Postcards, ZeroHedge, Business Pundit, TraderFeed, The Kirk Report, AbnormalReturns, and more.
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Damien Hoffman, Esq. decided to launch a financial website and exclusive subscription-based newsletter after achieving a 63% return versus a -48% return for the S&P over a nearly two year time frame as a co-founder of popular stock blog SmartGuyStocks (member of the Forbes Business and Finance Blog Network, and certified by Seeking Alpha). Mr Hoffman is currently Editor-in-Chief of Wall St. Cheat Sheet and trades full-time. After graduating early with honors from Duke University, he raised private equity with friends during the late Nineties to launch a successful start-up. Mr. Hoffman went on to work for boutique sports investment bank Inner Circle LLP where he worked on the sale of the NBA franchise New Jersey Nets to Brooklyn real estate development firm Forest City Ratner Companies (NYSE: FCE-A). Mr. Hoffman also graduated with honors from the University of Miami School of Law as a Dean’s Merit Scholar. He clerked at the Florida Supreme Court for the Honorable Justice Kenneth Bell and Central Staff. In 2006 at Harvard Law School he gave a guest lecture entitled, “Business and Law in the New Independent Music Industry.”
Derek Hoffman joined efforts with his brother to launch Wall St. Cheat Sheet after a decade of investing experience and outperforming the S&P 500 over the past 5 years. Mr. Hoffman is currently the CEO of Wall St. Cheat Sheet and trades full-time. He is a regular contributor to CNNMoney. His long-term investments and short-term trades have yielded extraordinarily successful results: double digit annual returns. Mr. Hoffman has handled media investment and tactical strategy planning for Procter & Gamble and Gillette’s national asset portfolio. He has also worked in private wealth management for Morgan Stanley. Mr. Hoffman graduated early from the University of Michigan’s world class economics department.
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The Oil & Gas Investments Bulletin (http://www.oilandgas-investments.com) is an online subscription-based service that finds, researches, and profiles growing oil and gas companies that have high growth rates (or high growth potential.)
Its team of writers work under Keith Schaefer, Editor/Publisher, who shares his knowledge of the oil and natural gas markets in a simple, easy to read manner. The bulletin outlines which TSX, NYSE and NASD-listed energy companies have the ability to grow, and bring shareholders prosperity even in tough times.
There is tremendous potential to profit in oil and gas companies for informed investors. Mr. Schaefer has a degree in journalism but has spent the last 15 years assisting public resource companies in raising exploration and expansion capital.