Having been both a reader and a contributor on SA, I had a realization. Widely-known investment ideas are not very useful. This is because by the time general public knows about an opportunity, the inefficiency that caused it is usually gone. Fund managers who share their ideas, often do it after a rise in price, as they are trimming or selling their positions. And now, good ideas are often hidden behind a paywall. Despite a plethora of well-written investment articles on SA, I rarely find a true investment gem here. My best ideas have mostly been my own. I suspect this is true for many of us. Therefore, I began to work on a project to help me generate my own, original investment ideas. Reading is key to investing success, and reading about what works in investing should be even better. Having just started, I decided to share the project with SA readers. To check out the very early efforts, please go to www.readvest.com. If you have any ideas or suggestions, please let me know and I will implement them.
I am a 20-something year-old CPA from Ohio. I once read that dead people are the best investors because they don't fiddle with their portfolios, so I'm a strong believer that errors are minimized by only hitting the buy button.
I aim mostly for dividend payers, but I won't shy away from non-dividend paying, fast growing companies if I can get them at a fair price. My lifelong goal is to leave behind a legacy for my descendants in the form of a massive dividend growth portfolio. Below are the stocks I have begun accumulating over the past five years, with intentions to add many more over the coming decades:
AAPL, ABBV, MO, AMGN, OZRK, CAH, CMI, CVS, WBA, FB, FDX, BA, CSCO, FL, GD, GPC, JCOM, KR, UTX, V, PM, PSX, MPC, SNA, SBUX, STOR, TGT, DIS, BOX
My primary investment goal is to grow the value of my portfolio by making low risk investments. After tax total return is my metric for success. So it is not easily related to either market returns or the returns of others since everyone's tax status is different.
My priorities are first to diversify across assets classes, second stay invested through market cycles, and third, to assure that most of my equity portfolio achieves at least market returns.
To achieve those goals, my portfolio is currently configured in the following manner.
30% in various bond funds
50% in index funds and other equity funds managed either on a value basis or following a growth at a reasonable price plan.
20% in individual stocks which I manage myself.
I believe that it is very hard to beat the broad market indexes over the long term, so I am very careful with the money that is not in the index funds. I have chosen a few mutual fund managers who tend to under perform in up markets and out perform in down markets to temper the volatility of my equity exposure.
With the stock portfolio that I manage myself, I try to add value by selecting investments with major mispricings where I believe outperformance is possible. I will often take large concentrated positions in the companies that I have the most confidence in.
My personally managed portfolio has held from 3 to 25 positions since 1998 as I am not always able to find adequate value, and wish to invest only in my best ideas. I am not always successful, but am willing to take the risk of failure in the attempt to add value.
Current stock positions in descending order of size as of 5/16/2018: OAK, CMP, WFC, MMP, SEP, APU, PM, SO, PFE, PAYX, MO, DUK, JNJ, SLB, KMI, BRK.B, VTR, WELL, RHHBY, OCSL, STKL, and WLL.
OAK and CMP together comprise approximately 30% of these positions.
My name is Elecia Hadley from Canada. Had a concise vocation building shaving cream for the underprivileged. What makes them go now is giving mosquito repellent in Vancouver Canada. Preceding my present place of employment I was purchasing and offering bagpipes for the underprivileged. Vashikaran specialist astrologer in India Burned through 1999-2001 authorizing wooden prepares in the Toronto Canada. What makes them go now is overseeing hula loops in Ottawa city in Canada.
I bought Bitcoin near the tops around $17K. Put $250K of my life savings in it expecting to become a rich man after seeing James Altucher's ads everywhere. I also refinanced my house and took out some credit card debt to buy into the rally. Needless to say I am near bankrupt. My wife has no idea the trouble we are in. I had a gambling problem back in college and the bitcoin bubble helped to resurface my previous addiction. I plan to tell my family of the losses I have had this past month. My wife was always the savvy one. She saved money. She made the big bucks. Then I blew all of her hard work on bitcoin. It's likely I will be getting a divorce. Somebody please tell me bitcoin will rally again. I can't stand to lose all of this money. I plan to go back to church and pray to Jesus that everything will be alright. I've talked to a lawyer and we plan on suing James Altucher and all of the bitcoin ads on Facebook the past month. Hopefully I will then recoup my losses and my wife won't be so disappointed in me. Somebody, anybody, please HODL me.
Long-time lurker; hunt and peck typist; helped my uncle look for stock market buys in Cleveland [OH] Plain-Dealer in 1936. WWII veteran. Graduate U of Akron "42 in Economics. 65 year career as Ohio real estate broker. Presently
'confined' to an assisted living community in Lansing MI and enjoying the pleasure Seeking Alpha affords me each week as I look forward to my 94th
birthday next month.
9/2016. looks like growth in technology ( the cloud, artificial intelligence,self driving cars, VR, data cntrs) will continue to drive AVGO, NVDA, QCOM higher, but the best developing opportunity may be in eReits, as rates go up, many will find themselves under water on buys the last few yrs. On health care, while it would be hard to get a cap on drug prices through congress, a decrease in benefits via medicare and ACA, will accomplish the same thing, by giving people less to spend, so I am not interested in any new health care purchases, no matter what the story.
A*L was established in 2010 by Jon Carnes, a growth and value-oriented investor who lived for six years (from 2005 to 2011) in China where he researched and invested in dozens of Chinese companies, first long (2005-2009) and then primarily short (2010-2012). Mr. Carnes outperformed other investors by performing extensive “on the ground” due diligence, conducted by a team of experienced analysts and local researchers. His investment opinions were greatly respected by other China focused fund managers attracted to the booming economy but wary of getting duped.
Over several years of scrutinizing over a hundred companies in every corner of China, Mr. Carnes realized that many of those that had gone public were seriously exaggerating their financial performance in their SEC filings. Investors raced to invest billions into Chinese companies that were dishonest and legally accountable to no one, a recipe for disaster for investors, both large and small.
Deciding to take action, Mr. Carnes decided to publicly expose the most egregious frauds he had discovered over the years, focusing on the worst offenders: companies that had exaggerated their profitability by at least 100%. In February 2010, he published a series of reports titled “Management Leaving Investors Stuck at the Pumps” showing that China Natural Gas (formerly NASDAQ: CHNG) management defrauded investors by failing to disclose and likely misappropriating $20 million from an acquisition of an undisclosed related party.
Unfortunately, when CHNG discovered that Mr. Carnes wrote the reports, its chairman Qinan Ji responded by sending an agent to threaten him where he lived in China. Frightened by Ji’s threat, Mr. Carnes removed the reports from the Internet. From this point onward Mr. Carnes knew that publishing the truth while living in China might get him killed.
Mr. Carnes nevertheless chose to remain in China to continue exposing fraud. Knowing that the safety of his researchers depended upon absolute secrecy and anonymity, he published my reports anonymously online using the obvious pseudonym “Alfred Little.” Beginning with CHNG, over the next two years Mr. Carnes exposed a diverse array of investment fraud committed by a U.S. listed Chinese companies.
After two years, CHNG Chairman Qinan Ji’s effort to conceal his fraud finally failed. On 9/21/11 NASDAQ halted trading of CHNG and on 3/8/12 CHNG was delisted. Most importantly, on 5/14/12 the SEC filed fraud charges against CHNG and its Chairman Qinan Ji.
Two more of the companies that Mr. Carnes first exposed faced the same fate. On 2/22/12 the SEC charged Puda Coal (formerly AMEX: PUDA) Chairman Ming Zhao with fraud, confirming each of the allegations in his 4/8/11 report, “Puda Coal Chairman Secretly Sold Half the Company and Pledged the Other Half to Chinese PE Investors.”
Then on 4/23/12 the SEC charged SinoTech Energy (formerly NASDAQ: CTE) and two of its officers with fraud. On 8/16/11, Mr. Carnes was the first to blow the whistle exposing CTE’s massive fraud in a report titled “SinoTech Energy: Enhanced Oil Recovery or Capital Extraction.” Unlike other numerous smaller “reverse merger” frauds, Sinotech was a $168 million IPO listed on NASDAQ underwritten by UBS and Lazard Capital Markets and audited by Ernst & Young.
Three companies, Deer Consumer Products (“DEER”), Sino Clean Energy (“SCEI”) and Silvercorp Metals (“SVM”) criticized in reports published by A*L sued Mr. Carnes for defamation. The three companies coordinated their legal and retaliatory efforts, both in the U.S., Canada and China to silence Mr. Carnes.
The epic battle that followed ended swiftly in a complete rout. NASDAQ delisted DEER and SCEI. SVM and DEER both lost their defamation claims against Mr. Carnes. SCEI abandoned its defamation claim against Mr. Carnes.
After winning the battle against DEER, SCEI and SVM, A*L emerged with the best track record of any China focused investment blog.