Physician, sailor, writer - retired at 54. Clinical Surgeon and former board member and president of a large multi specialty group. Discovered an aptitude for the financial aspects of managing a successful business. Seeks to identify macro trends impacting business sectors or economies before they are generally acknowledged. Investment style focused on good businesses out of favor with the market. Applying option strategies to maximize returns and minimize risk.
HORAN Capital Advisors (http://www.horancapitaladvisors.com) is an SEC registered investment advisor that manages investment portfolios for individuals and institutions. Our firm utilizes a disciplined investing approach that should create wealth for our clients over time. Our investment bias is to invest in companies that generate a steady return over time, i.e., singles and doubles. This singles and doubles approach tends to lead to investments in higher quality dividend growth/cash flow growth companies. On the other hand, there are times when a company's stock price seems to be trading below its fair valuation. Short term gains are possible in these situations. I have been managing investment portfolios for individuals and institutions for over fifteen years and believe investing is like running a marathon and not a sprint. Taking the road less traveled, more often than not, leads to higher returns. Visit: The Blog of HORAN Capital Advisors at (http://disciplinedinvesting.blogspot.com/)
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM from the Thomas Jefferson School of Law in domestic and international taxation where he graduated Magna Cum Laude and is also a Chartered Asset Manager, Chartered Wealth Manager and Chartered Trust and Estate Planner from the American Academy of Financial Management. He is the author of the book US Captive Insurance Law. You can read him daily at the XE.com currency blog (http://community.xe.com/blog/xe-market-analysis).
Over 30 years of investing in individual stocks. Extensive business experience with small to mid-size companies, including as CEO. Many hundreds of blog posts on financial and economic matters since 2008. Focus on value with catalysts for upside price action. Background as a physician and pharmaceutical inventor and entrepreneur, however focus now is global and involves almost all economic categories.
CTO, FLHP Trading Systems, LLC
Aerospace and Computational Engineer with 28 years experience in Engineering and Scientific Modeling and Programming including large scale vector and parallel processing. Work includes Finite Element Modeling in Structural Analysis, Magnetic Modeling, and Fluid Dynamics codes primarily for the Aerospace community. 30+ years of stock market and mutual fund investing, 8+ years of ETF and options trading.
Owen Williams, CFA, DBA, is an equity fund manager in Geneva, Switzerland and a visiting professor at the Skema Business School, Paris, France. Dr. Williams has worked 16 years in the industry as both a bond/economics strategist with a top, independent research boutique and as a long-only macro equity fund manager. He has a Masters degree in international business from the Moore School of Business (Univ. of South Carolina) and a doctorate in finance from the Grenoble Ecole de Management.
Williams Market Analytics, LLC is a quantitative research boutique offering insightful, actionable analysis of financial markets. The firms also runs a systematic allocation strategy using Dr. Williams' quantitative models. The strategy portfolio can be accessed by both individual investors and RIAs in the U.S. and Europe. The strategy description and 5-year performance record can be found at:
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 :email@example.com
Ever feel like trading is like rolling dice? In a way, it is, because every mathematical model of the market includes a stochastic aspect. But I believe we can load the dice in our favor through the use of statistics. Understanding both the stock market and each individual stock as a sort of random process with its own characteristics allows us to more accurately predict what it will do in the future. Coupling statistics with fundamental analysis, I have the goal of revealing to you the hidden patterns within stocks so that you may do what you wish with that information.
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Career experiences of founders: buyside portfolio manager, investment banking, institutional & high net worth asset management, website construction & professional trading. We have no affiliation with any financial institution.
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Harry Long is the inventor of Hedged Contango Capture and Hedged Convexity Capture and is the Managing Partner of ZOMMA, the world's most innovative strategy index creator.
Mr. Long is a globally recognized expert on the research and development of quantitative investment strategies. The ZOMMA IP portfolio of strategy indices is sought after by asset management firms, investment banks, hedge funds, principal trading organizations, index providers, ETP sponsors, and private equity firms to help them develop and deploy active manager-crushing quantitative investment strategies.
ZOMMA helps investors create long term value by replacing reckless emotional decision making with cutting-edge technology based upon objective evidence.
Mr. Long is a graduate of Rice University with a B.A. in Economics.
Note: Due to the sheer number of requests for bespoke quant strategies, research projects, and quant consulting services, we have instituted the following pricing for the non-exclusive licensing of our algorithms to institutions:
I. Exclusive commercial licenses for unique bespoke algorithms run six figures and up.
II. Non-exclusive AUM licensing fees for our strategy indices run 10 basis points and up for commercial licenses.
Please realize that we often get more than 3,000 e-mails per week. This means that we read everything that comes in, but we cannot respond to any email or message that does not include the sender's full name, phone number, request, and budget. Thank you for your understanding.
This Dubai-like pricing is necessary, because we can't freely give answers to tough problems which we have dedicated massive R&D capital to solving. World-class statistical talent is hugely expensive, valuable, and rare. Our clients recognize that outsourcing quant work to our firm and paying our fees represent a huge cost savings over hiring full time employees, and usually results in a far more profitable, turn-key solution.
I've been a financial advisor for the past 7 years. Currently hold my CFP and a struggling CFA candidate. I created The 5 Funds initially to provide friends with good investment advice for free. The 5 Funds is a portfolio of 5 low cost ETFs that are updated quarterly. I have 3 portfolios based on risk tolerance: The Conservative 5, The Moderate 5, and The Aggressive 5.
View our website at: www.RotationInvest.com
RotationInvest.com provides quantitative tools to facilitate research and anaylisis of a wide variety of exchange trade funds (ETFs), stocks, and mutual funds.
Custom build your own rotation, asset allocation, moving average portfolio, market timing, volatility targeting, rebalanced portfolios, and risk on risk off strategies using our backtesting tools. Also strategies that trade your portfolio equity using the same powerful tools that rotate, allocation, and rebalance your regular stocks/ETFs.
I've developed personal investing strategies for individual stocks and Asset Allocation:
1) Stocks - Fundamental value investor using Free Cash Flow as defined by Buffett's 1987 shareholder letter. Invest in predictable, undervalued stocks with good management. Buy with a Margin of Safety, Sell at Intrinsic Value. Hold cash when nothing is available at my price. Use the Kelly Formula to determine optimum fraction to invest in each stock which maximizes the amount of money you win over a lifetime of investing.
2) Asset Allocation (for 401-k, small IRA accounts, and available cash) - Use a 'Value-Weighted' asset allocation strategy with inputs of projected returns/historic volatility. Apply the Kelly Formula to determine optimal asset allocation. Rebalance twice a year in April and October.
Store my portfolio - and my brain - on the web at www.healthywealthywiseproject.com
25 years experience in Quant research, portfolio management, and stock market data analytics. 15 years experience in index trading / ETF strategist. Risk manager. Mean revision / time series / seasonal studies applied towards general market trends with a focus on long term format.
Full-time Investor, and frequent speculator.
Focus on US Stocks and Real Estate.
Degree in Economics and Finance.
Over 35 years of economic analysis and active investing experience. Retired Financial Services CEO (company had $2 Billion in financial assets).
Macroeconomic conditions and cycle progression are the foundation of my investment strategy. I evaluate the macro trend, and then select investments that will benefit from that trend, shifting the mix as the cycle progresses. Earnings growth is the sustainable fuel for investment gains. So, I look to position my portfolio accordingly.
I stay fully invested during the rising tide of a growing economy. I use leverage until the expansion shows signs of constraints and exhaustion. Rising input costs (wages, materials, energy, interest rates) eventually squeeze corporate profits, making growth less feasible. When I see evidence of a coming recession combined with weakness in the market, I exit my equity positions, reduce my real estate holdings, and shift to the safety of cash and treasury bonds. After the market slides deeply, and after the panic reaches headline proportions, I begin to reinvest as I anticipate or see evidence of the market bottom. I successfully avoided the 2001-2002 and the 2008 bear markets, while being fully invested for the bull markets around those declines.
In prior cycles I purchased individual stocks. However, during this bull market I am making heavy use of ETFs (including Sector ETFs). This is much less work, but results in more average returns. I do purchase some individual company stocks when I think the company will perform better than the average in its industry sector. I do not sell short, and rarely use options.
My portfolio is about half market tracking. I also use sector rotation, selected specific companies, modest margin debt, and 3x leveraged ETFs, within the rising cycle trend to magnify and outperform the average trend. I also adjust the size of my market exposure based on market conditions, and historic patterns.
Over the past 35+ years of active investing in stocks and real estate, my investment returns have been significantly above the average return of the S&P 500 (largely due to market timing and leverage). Since October 2007, my Stock portfolio average total return has been about 15% per year, compounded. My Real Estate portfolio average total return has been about 8% per year for the same period. The S&P 500 average total return has been about 5% per year during the same period.
My gross investment asset allocation target is roughly 70% stock, and 30% real estate (rentals). Current Stock Portfolio Mix (June 2016): 46% Broad Market Tracking (VTI, SPY, RSP, QQQ, VB...),19% Homebuilders and related, 15% Consumer Discretionary (VCR), 07% Industrials (XLI), 05% Berkshire Hathaway, 08% all other. Margin Debt is about 4% of portfolio value. Total Market Leverage is 1.05x (down from 1.34x in 2014). No bonds, and cash is less than 2% of gross assets. Real Estate is Residential Rentals, mostly near the beach (average LTV is about 40%).
Personal investor who has been investing in stocks for over 10 years. Through turning every stone, every rock, and sifting through the sand I seek opportunities to buy growth at a reasonable price (GARP). People in the past have messaged me with questions about a news article or a good investment idea for a year. I can make bets with strong conviction when current stock price does not equal intrinsic value, but I cannot tell you when they will meet. Through my experience stock price should move in tandem with earnings over the long-run. My goal is to find the greatest margin of safety in quality growth stocks that will achieve above-market returns without taking excess risk (alpha). My investment process: -Turn every stone, every rock, and sift through the sand. -Invest in good businesses with solid management track records. -Never overpay for a stock. Enter when current price trades at a 30% discount to intrinsic value. -Be patient. -Review holdings and sell only if fundamental business has changed since initial purchase.
Retired 42yr old semiconductor industry exec. Currently living in my RV traveling the US. 'Working' part time managing my retirement portfolio and making sure it lasts forever!
Writing a blog about my investments and managing a retirement portfolio.
Individual Investor with over 20 years experience.
Interested primarily in ETF's, contrarian views, dividends, quant, trend, volatility, asset allocation and in select economics data. The articles I write for SA are to help enlighten individual investors. Freedom to write about what's interesting in the world of ETFs and stocks is my passion.
Darwin Investment Strategies: An elegant reconceptualization of asset allocation using portfolio mathematics, insensitive to noise and regularly reconfigured to account for observed changes in volatility and correlations across the world's major markets and asset classes. No story, no forecasts, no biases; just maximum returns per unit of risk.
I am a retired college faculty in Philosophy, with specializations in Ethics, Socio-political Theory and Rational Choice/Decision Theory. My teaching focus was on Business Ethics, Medical Ethics and Logic. After retirement I freelanced as a Grant Writer/Fund Raising Consultant. I have taught at Washington University in St. Louis, the University of Missouri - St. Louis, and St. Louis Community College.
I believe that potential investments ought to be evaluated through an examination of their fundamentals - i.e., fundamental analysis. Those investments can then be analyzed with respect to whatever criteria an investor may wish to bring to bear, but at least the investments they make will be more or less fundamentally sound. For me, one of the more important features of an investment (after fundamentals are satisfied) is dividend yield. I expect my investment to earn money for me.
I also believe that the day of the "traditional" investment strategy based on one's age/proximity to retirement is over. To be sure, one wants to put one's money in places where it is more secure, but in the day and age of internet-based investment services, a variety of ETFs, and reasonably safe investment vehicles, there is no need for retired people to stick the bulk of their assets in relatively unprofitable treasury notes and bonds.
David Moenning is Chief Investment Officer at Sowell Management Services, a registered investment advisor with more than $500 million under management. Sowell emphasizes an MPD (Modern Portfolio Diversification) approach to portfolio design which diversifies client holdings not only across asset classes but also by strategy, manager, and investment methodology. Dave began his investment career in 1980 and has been an independent money manager since 1987. Thus, Dave has been live on the firing line and investing for a living for nearly 30 years.
Netwall Investments, LLC (www.netwall.com) is a Chicago based money management firm. Our philosophy is derived from that of many legendary investors such as Warren Buffett, Peter Lynch & Martin Whitman; i.e. Invest in great businesses that you understand, that have an "economic moat" and which are run by great management teams; have some margin of safety and superior returns are guaranteed in the long run. These are the Ten rules that we religiously follow to manage other people's money:
1. I shall not lose money
2. I shall never forget rule #1
3. I shall only invest in businesses whose people I respect and admire
4. I shall only invest in businesses with some definite form of competitive advantage
5. I shall only invest when odds of making money are in my favor
6. I shall only commit funds when an investment is available at a discount to its true intrinsic value
7. I shall always run a portfolio with an in-depth understanding of each investment, thus avoiding mindless diversification
8. I shall always make rational decisions and never be influenced by the behavior of markets. I shall adhere to mantra, “Ignore the Crowd”
9. I shall tend to be fearful when others are greedy and be greedy when others are fearful (backed by meticulous research and fact finding)
10. I shall never forget that I am a custodian of other people’s hard earned money and I promise to manage it with the same zeal as if it were my own
Veteran options-oriented value investor.
Options can make you a riskier speculator - or they can make you a better value investor, a better dividend growth investor, or a better high yield income investor
Incorporating customized and conservative value-oriented option strategies can significantly improve your performance while also helping you overcome the biggest drawbacks to value investing (rare bargain opportunities on truly world class businesses), dividend growth investing (takes too long), and current high yield income (high risk).
For the last 7+ years, via the Great Option Trading Strategies website, I've been publicly advocating and teaching a customized options-oriented approach to acquiring ownership stakes in exceptional businesses at exceptional prices and to generate high yield income from low risk stocks.
True investing works . . . and smart, conservative, customized option trades designed to systematically reduce risk and perpetually lower the cost basis on the long term investor's portfolio makes it work better and faster.
I buy established, good companies with strong management, solid balance sheets, free cash flow, growing earnings, and increasing dividends. This is a long strategy, which buys value situations, combining the fundamentals of Growth at a Reasonable Price, with Dividend Growth Investing. This style has been coined as "I-GARP" by Clay King.
To further reduce my risk and enhance my returns, I enter positions by selling puts, also known as short puts. I practice Teddi Knight's strategy of using option premium capital to build positions, and use technical analysis, (Bollilnger Bands, 10-20-30 moving averages, and earnings misses) to enter trades, as practiced by Teddi and Dr. Samir Elias.
In cyberspace, I am best known as MackTheKnife, the winner of the Zacks $100,000 Challenge 2007. In meatspace, I am best known as J.J. McGrath, an editor and writer based in New York. You can follow me @JJMcGrath3000 on Twitter, as JJMcGrath on StockTwits and as J.J. McGrath on Google+.