In search of a better constructed, more efficient, easily replicable portfolio that is properly risk-balanced for growth with lower downside risk. Also scanning the market for high-quality assets at a discounted price.
Investment horizon is always medium- to long-term (12 months or more), and will often act as a contrarian to short-term consensus in order to identify the best longer-term investment opportunities. Tend to focus on technology and energy services sectors.
Founder Daniel Martins is a former equity researcher at FBR Capital Markets in New York City; finance analyst at hedge fund Bridgewater Associates; and associate auditor at General Electric.
Roger Nusbaum is the ETF Strategist for AdvisorShares. This Arizona-based professional has over 25 years of industry experience. He is also a well-known financial commentator covering ETFs, retirement planning and portfolio management for AlphaBaskets.com and at TheStreet.com. We think Roger is particularly insightful on exchange-traded funds, risk management and investing in international markets. Visit Roger's work at Random Roger (http://randomroger.blogspot.com) and AlphaBaskets (http://alphabaskets.com)
As SA Senior Editor, my task is to make Seeking Alpha the premier destination for financial advisors. I have worked in the FA arena since 1997, and during that time, the New York State Society of CPAs twice awarded its prestigious Excellence in Financial Journalism award to me for a monthly column I wrote on business ethics. Previously, I reported on international news for Voice of America (where I was awarded a newsroom writing award) and prior to that worked as an editorial assistant at U.S. News and World Report. I live with my wife and children amidst the verdant and vibrant hills and dales of Jerusalem.
Avisol Capital Partners: Dr Asok Dutta, BVScAH, Dr Udaya Kumar Maiya, Oncologist, MBBS, MD, DNB, DCCF-Paris. Private Investors with a focus on healthcare. Corporate goal: proof of concept development of onco-molecule. Networking with investors. Providing healthcare market research. Disclaimer - we are not investment advisors.
I manage a conservative portfolio of blue-chip equities. I target dividend-paying blue chips on sale. The majority of my articles will focus on what I know best (and what is under-covered on Seeking Alpha), Canadian mid and large caps. REITs are my focus, though I dabble in everything. Ranked 3rd on Seeking Alpha for Services stocks!
To get notified when I release a new article simply hit the orange follow button above!
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Ophir Gottlieb (CEO & Co-founder) — Ophir Gottlieb is the CEO & Co-founder of Capital Market Laboratories (CML).
CML is a member of the famed Thomson First Call roster, but our purpose is to provide institutional research to all investors and break the information monopoly held by the top .1%
You can follow his stock research, called CML Pro, here: http://bit.ly/TopPIcks
You can use the option-backtester here: http://bit.ly/Option_Trading
Ophir contributes to Yahoo! Finance and MarketWatch and generates nearly one and a half million readers a month. He was rated the 14th best finance follow on all of Twitter. Ophir Gottlieb is inventor of the Forensic Alpha Model (FAM) and a co-inventor of Accounting and Governance Risk Model (AGR), both now owned commercially by MSCI.
Mr. Gottlieb’s methodological approach taken in creating FAM was endorsed by the head of artificial intelligence for the state of Germany as a novel and extraordinary application of advanced machine learning and quantitative finance. FAM and AGR are used by asset managers worldwide with over $1 trillion of assets under management. The FAM model has made Mr. Gottlieb one of the most recognized names in all of quantitative finance.
Mr Gottlieb’s mathematics, measure theory and machine learning background stems from his graduate work in mathematics and measure theory at Stanford University and his time as an option market maker on the NYSE and CBOE exchange floors. He has been cited by various financial media including Reuters, Bloomberg, Wall St. Journal, Dow Jones Newswire and through re-publications in Barron’s, Forbes, SF Chronicle, Chicago Tribune and Miami Herald and is often seen on financial television.
Quad 7 Capital, parent company of Quad 7 Research and Quad 7 Poker, was founded in 2017 by a long time investor, Seeking Alpha author, professor and politician. The company has expertise in policy, economics, mathematics, game theory and the sciences. The company has experience with government, academia, and private industry. Quad7Capital.com covers a wide range of sectors and companies, with particular emphasis on growth companies, REITS, biotechnology/ pharmaceuticals, precious metals, blue chips and small-cap companies. It further offers money saving tips and market news. Quad 7 Partners focuses on current events, earnings, and timely developments. Quad 7 Research aims to conduct 1-2 analyses per business day in addition to working with clientele, personal portfolio advisement and conduct freelance research. We are on stocktwits under Quad7Capital, and on Facebook and Twitter.
A front-end Baby Boomer that is finally retired (I think). Spent 30 years with Mobil Oil and got out at the merger. Then consulted for 16+ years. Married now over 48 years with two sons, two daughters-in-law and one granddaughter. Investment focus is on individual stocks and mutual funds. Keen interest in XOM and AAPL.
Regarding that first sentence...now back to semi-retired (2014-17). Got pulled back into part-time consulting by former colleagues for a couple more years. Definitely going to be RETIRED by the time RMD begins in 2018.
For those that have looked at this listing before, I thought I would make a little change to separate my tIRAs from my wife's ROTH IRA. Mine is for our living expenses now and hers is planned for future growth with no intent of taking money from (if possible). UPDATED: Current "Living Expense" DGI Holdings: XOM, CVX, AAPL, JNJ, PG, MCD, KO, PEP, T, VZ, F, GILD, DIS, D, SO, OHI, HCN, VTR, O, WPC, VFC, GIS, CMI plus two CEFs...TPZ & UTG. Current ROTH IRA Growth DGI Holdings: HD, T, AAPL, QCOM, SO, F, SBUX, TGT & UTG. Future Taxable Account DGI Holdings: LOW, NEE, & maybe CAH or some other healthcare stock eventually and now even considering MKC and ROST and ADP (these are expected to begin to appear as RMD excess funds become available in 2018 and beyond).
PS: Picture more than 17 years old...just a reminder of a fun time with my bike
I am a Certified Ethical Hacker & Marketing Expert with expertise in Technology stocks.
My investment philosophy aligns only with businesses that have a competitive moat, solid financials, good management, and minimal exposure to macro headwinds.
My ultimate goal is to ensure my readers/investors avoid irredeemable losses on their investments.
If you like my article and would like to stay up-to-date on the next one, you can click the "Follow" button next to my profile.
What is Tiki Bar Capital? A state of mind achieved after years of personal sacrifice and hard work. It's when you've made your nut (hopefully, for life) and can say to heck with the suit and tie, trekking to the office, and sacrificing your soul to the rat race. It's nourishing your capital and watching it grow. Most importantly, it's enjoying the life that Tiki Bar Capital allows you to live.
I am a retired corporate lawyer and have been a stock market investor since my early twenties. In the past, I've done both DIY investing and worked with financial advisers. Having learned a thing or two, I now manage my family's portfolios on my own.
My two primary investing strategies are buy-and-hold and discretionary. My buy-and-hold portfolio consists mainly of ETFs, mutual funds and closed end funds. I rarely trade this portfolio, generally tweaking it only when it appears we are in for a long-term, macro change.
My discretionary portfolio is mainly invested in individual stocks and sector ETFs picked up at deep discounts. As market indexes look increasingly rich, I'm allocating more to unloved sectors where I can find attractive values.
I also invest modest amounts monthly for my children in custodial accounts. My goal is to make them millionaires by age 30. Why shouldn't they enter adulthood with some walking around money? It gives you options.
Ian worked for Kerrisdale, a New York activist hedge fund, for three years, before moving to Latin America to pursue entrepreneurial opportunities there. His Ian's Insider Corner service provides live chat, model portfolios, full access and updates to his "IMF" portfolio, along with a weekly newsletter which expands on these topics.
Ian is also an associate analyst for Value Investor's Edge. VIE is a top-ranked deep value research service featuring exclusive work from J Mintzmyer, James Catlin, and Ian Bezek.
"One of the best ways to do well in this business is to go to areas that have been unexploited by research capability and work them for all you can." -Julian Robertson
Bram de Haas lives with his girlfriend and baby son in The Netherlands/Nijmegen. Living in a city once a Roman settlement later bombed by allied forces in WO II he is aware of the vulnerability of Empires and the impact of the unexpected.
His investment style can be summed up as safety first. Once safe: be agressive.
Named by Fortune as one of its "50 Great Investors". Acknowledged as Cash Flow From Operations (CFFO) expert by WSJ, Fortune, Forbes.com and Smartmoney.com after developing a CFFO algorithm that predicts bankruptcies for seemingly healthy large NYSE and NASDAQ traded companies. Markowski also has CFFO algorithms that identify severely undervalued companies.
In September 2007 Equities Magazine column predicted the 2008 collapses for all five of the U.S. major brokers including Lehman, Bear Stearns and Merrill Lynch. Wholesale sell recommendations for the five based on macro-analysis of brokerage industry's negative cash flow due to "sub-prime mortgage revenue".
Founded: TrophyInvesting.com (2016), Dynastywealth.com (2014), Onlinefinancialsector.com (2007), StockDiagnostics.com (2002).
Currently: Analyst for Dynasty Wealth (focused on finding and covering disruptor companies that have 100X to 1,000X potential within 5 years).
Passion is recommending shorts for hyped companies that have inherently flawed negative CFFO models and ten baggers for those which are extremely undervalued based on their CFFO. Does not trade the markets and is instead a buy and holder.
Began career with Merrill Lynch in 1977 and was employed in early years by Oppenheimer and Donaldson Lufkin & Jenrette. Became CEO of a firm in 1990 that subsequently went out of business due to the firm’s having a net capital deficiency on January 15, 1991, the day before the first Gulf War broke out.
Markowski voluntarily left the broker industry in 1991. Most of his activities since have been in the financial information industry. The SEC and the NASD subsequently barred Markowski in 1995 from associating with a broker dealer. The bar related to activities that occurred in 1990, and before the war's breaking out which caused a severe lack of liquidity for the markets resulting in the firm's going out of business. Markowski appealed his bar to the U.S. Supreme Court which denied to hear his appeal. Markowski was not barred from being a registered investment advisor (RIA). However, Markowski chose not to pursuit a career as a RIA.
I founded and manage Servo Wealth Management, a Registered Investment Advisor (RIA) firm that helps people achieve financial independence, a secure retirement, and positions them to leave a meaningful financial legacy.
Over 35 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; and biotech. Background as a physician and pharmaceutical inventor and entrepreneur.
I'm an Army veteran and former energy dividend writer for The Motley Fool. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 22 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that:
1. Pays 6% to 7% yield
2. Offers 10%-11% annual dividend growth
3. Pays dividends AT LEAST on a weekly, but preferably, daily basis
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.
Nearly 40-year, and now retired, CPA. Former experience includes audit and tax work with small and large CPA firms (including as a manager with a 'Big Eight' firm) for companies ranging in size from shoebox records to 10q and 10q reviews (and audit) for a Fortune 500. Also served in various private companies as controller/CFO.
Spent the last 21 years prior to retirement with several municipalities as Finance Director (former CPFO, CGFM, CNA) with background in all aspects of financial and treasury management. This included investment of a $25m portfolio in fixed income investments, and issuances of SEC-registered municipal bonds (writing the POS's and OS's), including a trip to Wall Street to meet with Moody's for a bond rating and for a bond insurance meeting (which included a cool visit on the floor of the NYSE during the trading day, pre- 9/11).
I also benefit from a series four week-long seminars on real estate economic development training via classes and tests to become certified as an Economic Development Finance Professional (EDFP). (Never used one bit of it in my career, but it sure helps to understand IRR's etc for REITs now.)
Beyond the CPA-type details, macro-focused and long-term strategic thinker and investor since the early 1980s focused on DGI of revenue-growing cash-flow cows. As a retiree, I prefer investments to companies with 1) steady, monthly, growing top line revenue, 2) growing cash flow and income and dividends, 3) strong long-term runway for product/service demand, 4) with strong controls over expenses and little overhead %. Investing for both growing dividends and total return. These characteristics, particularly increasing dividends during hard times, build wealth over time by compounding including reinvestment in the Roth and traditional IRAs. I find many selective REITs to strongly fulfill these specific portfolio criteria more than many non-reits (particularly economic-sensitive including cyclicals and banks). My holdings have changed over recent years and will change going forward as I continue to learn and tweak my portfolio. While I would prefer to be a long-term buy monitor investor, I've recognized that circumstances change over time, and what was once a great investment may no longer be. While I am presently focused on data center, tower, and fiber reits, I also expect in the future to evaluate many other investment choices.
As a retiree, I'm not a trader. I prefer owning companies with great fundamentals versus more riskier options. This means fewer worries about the thousands of minute-by-minute price overreactions when Mr. Market has another bi-polar manic tantrum. When prices drop, I just remind myself that I own great companies with strong fundamentals in sound long-term growing businesses having growing cash flows and dividends. Selloffs are awesome opportunities: value buying matters enormously, having learned that overpaying has been my greatest mistake, but one of the best lessons learned.
My career experience In accounting and finance provides critical skills sets for investing, of which one of the best is recognizing the exponential wealth-building power of reinvestment of divvies in deferred/tax free accounts.
SA handle explanation: photo - Lennon Rickenbacker 350 model. former member of 60's/Beatles bands, harp, keyboards, backing vocals, occasional lead vocal. Met McCartney a couple of times in '74 at his home in St. Johns Wood, a few blocks from EMI studios at Abbey Road (if you're going to London). Got hooked at that point.
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!...
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.
I am a buy and hold common stock investor. Warren Buffett is definitely my guru. He makes the most sense to me. I began investing in the stock market at age 14 in 1970 with money earned on my paper route. What I have done since 1970 is invest primarily in the Dividend Aristocrats whenever the stock market is relatively low. I have never sold a single share of stock except on the rare occasion when one of my stocks was bought out for cash and I was forced to sell.. I keep all of my stock certificates or direct registration statements in a safe deposit box at the bank. I do not automatically reinvest dividends. I only purchase stocks when I feel that the stock market is relatively low. Brown University, B. A., 1978. Below are the 38 stocks in my portfolio.
Hi I'm Chaim Siegel. I've run Elazar since inception in 2004.
In my career working at Morgan Stanley, SAC, JLF and my own firm I've always been known to be a stock picker with the ability to uncover the big calls.
I don't think it's so so complex. It's a process. I speak to companies, understand how businesses work and how different scenarios affects the earnings.
Our earnings numbers also get included in the official street numbers and we've appeared in the Wall Street Journal and MarketWatch.
We have a service here on Seeking Alpha, "Nail Tech Earnings" where we work for you to find the best tech stocks with the most upside potential.
PS We think we are going into an absolute multi-year tech boom which is why we're doing this service for you here.
We speak to a ton of company managements, show you all our work, take your requests, have great interaction through the day on chat, give you our models before they hit the street, and tell you which stocks can make you the most money.
If you have any questions on anything what-so-ever, please let me know.
Wishing you happy and profitable investing.
I must manage my time. For the convenience of others, after making a comment I add that I will uncheck after X-hrs. This is to avoid time wasted on repetitive comments, zonderkites, and arguments. If I add additional comments, I mentally reset my unck period. (I also respond to PMs.)
My journey as a self-directed investor (SDI) began in 1973, and resulted in financial independence at age 52, which also allowed me to retire from corporate life in Feb 1995.
I’m now 75. Though we're not 1%ers (of Occupy Wall Street fame), according to the Federal Reserve's latest (2013) survey, our net worth is in the 97th centile (we're solidly within the top 3%ers). This the result of 4+ decades of compound investment total return (including RMDs), and very little represents inheritance. MOST IMPORTANTLY--I've done nothing that can't be done by others who are willing to live below their means while saving and investing.
Through 2016, and without added contributions to my IRA, we've enjoyed 21 retirement years that include 2 major recessions, and soon 7 years of increasing annual RMDs. Yet my IRA has increased 277%, whereas inflation increased 64%. There are many concerns for retirees to worry about...but for those who retire financially independent, and remain well-diversified, 'running out of money before running out of life' can be moved toward the bottom of their list.
My IRA discussed on SA is but 1 of our 6 portfolios (and about 1/4th our net worth). I mention this as evidence young professionals can have a family and career, and also attain true financial freedom as their career advances over the decades to follow IF they (and spouse) are willing to live a few percentage points below their means (deferring a measure of material gratification) so as to invest sufficient sums for compounded total returns to ensure their 3+ decades later retirement at a lifelong living standard as high (or higher) than they enjoyed in pre-retirement.
True financial independence doesn't require any level of continued positive market performance--but instead assures a comfortable living standard in spite of a prolonged recession.
The income paid to my IRA equals twice our basic annual living expenses for food, clothing, shelter, taxes, transportation, entertainment, and insurances (but excluding our normally generous variable expenses for travel and gifting).
My primary goal remains as it has always been--total return (compounded price change + distributions) from a strategy of Growth & Income. Though 100% of my IRA’s positions pay dividends, compounding of price return is my primary goal, and income is secondary. During the ongoing bull market of 8+ years, my IRA's total returns from price compounding are far superior to those from distributions (and because of my over-allocations to defensive sectors, I expect it to out-perform in bear markets).
Though I own a handful of REITs and a couple ETFs holding MLPs, I have found C Corps (and especially those tilted toward growth of revenues and earnings) offer superior TR, including in our present slowly rising rate environment.
There is much evidence dividends have historically been a meaningful and reliable contributor to long-run total returns. C corps having long records of paying and increasing dividends signal management’s ability to generate excess free cash flow for which their BoD funnels a portion directly to shareholders--to do so consistently requires conservative management.
DGI is a cousin strategy that (generally) reverses my primary and secondary goals--it focuses upon income rather than total return. DGI also works, and I often defend DGI when it is attacked. I'm also pleased to have observed an increasing number of DGIs are now mentioning total return compared to those who actively disdained TR only 5 to 7 years ago.
I'm willing to diversify into low-yield high-growth dividend-payers (as well as into dividend-paying ETFs containing established largecap pure growth companies). Chuck Carnevale has authored several articles discussing the advantages of pure growth. In addition, today's pure growth companies are almost certain to become the attractive dividend-payers in the future. For example, compare IVE (the S&P500's value stocks) to IVW (its growth stocks) over the last 1, 3, 5, 10 & 15 years, we find growth out-performed value in each period. Alternatively, compare XLK's very impressive TR for those same periods (it yields about 1.5%) to the favorite DGI stocks.
To add some growthier dividend-payers and pure growth companies to my portfolio, I recently added IVW and BXMX (yielding 1.4% & 6.4%). By using ETFs, I don't have to make 6 or 8 individual stock bets, and I've done the same with ETFs covering foreign, and emerging markets.
Finally (but especially germane to myself): Due to age and recent health events, I’m proactively engaged in modifying my IRA to make it yet more conservative, and (when necessary) also able to operate passively for long periods on “autopilot”.
2017 OBJECTIVE -- MAJOR PORTFOLIO TWEAKS
I’ve set the following objectives to be met by year-end (or soon thereafter):
(1) Shift time priorities--adding more daily quality of life pursuits, while subtracting from monitoring stocks, markets & economy;
(2) Diversify asset classes to reduce risk--Risk isn't only volatility; risk is also what might happen, even if it didn't! I'm adding 2 bond ETFs (primarily as a income source also serving as a shock-absorber to periodic severe and/or prolonged declines in equities);
(3) Extend my allocation to growthier dividend-payers to include pure growth (which I've too long ignored since 2008), plus foreign and emerging market stocks.
MY IRA CONSISTS OF 2 SUB-PORTFOLIOS
My CORE Portfolio focuses upon businesses whose model includes a COMPETITIVE MOAT that endures through COMPLETE BUSINESS CYCLES, and produces EXCESS FREE CASH FLOWS beyond that required to maintain its moat, and shares that excess with its shareholders via DIVIDENDS.
The majority of my Core positions have these characteristics: They are defensive positions having top and bottom line growth rates which categorize them as 'slow-growth' and 'bond-substitute'; they're generally found among Consumer Staples, Utilities, Healthcare, and Telecoms. Also, almost all outperformed the S&P500 in 2008, the only calendar year of the Great Recession.
I'll trim positions when overvalued. I’m strongly of the opinion investments are "tools with which to meet goals"--we should not marry our stocks, nor otherwise be forever committed to them. A broken stock is no different than a broken circular saw, pliers, or drill press--until repaired or replaced, they mostly take up space.
CORE PORTFOLIO UPDATE -- JULY 2017
My Core Portfolio (30 of 51 total positions), is by design quite conservative. Positions are selected for reduced risk (as opposed to greatest possible return). This portfolio is dominated by companies categorized by Morningstar as 'slow growth' companies sometimes derisively called 'bond-substitutes'. With a few exceptions (noted in the next paragraph), my Core positions are assigned to defensive sectors (i.e., Consumer Staples, Utilities, Healthcare, and Telecom)--generally, they plod along rather steadily, and also under-perform the S&P500 over the long-term (Morningstar provides 15-yr data).
Nonetheless, I'm pleased to report 10 positions have out-performed the market over that long-term: UL, NEE, AMGN, SYK, O, OHI, VTR, MCD, CSX AND NSC. In addition, the 2 bond funds (LQD and TLT) out-performed 6 of my equity positions (KO, MDLZ, MRK, PFE, & VZ).
Columns 1 and 2 demonstrate my defensive Core positions significantly out-performed the market in the last severe recession, which suggests they will do so again (the S&P's actual peak-to-valley decline from Oct 2007 to Mar 2009 was -58%). This is particularly important to retirees, as their greatly reduced life expectancy generally suggests a strong defensive allocation, including bonds.
Columns 3 and 4 reflect the past 15-year performance (TR) of my Core positions relative to the S&P.
Due to on-going recovery from a June 23rd surgical procedure, this update is a couple weeks late; thus data in columns 4 and 5 below is as of July 14th:
. . . . . . . . . . . (1) . . . . . . . (2) . . . . . . (3) . . . . . . . (4)
. . . . . . . . . . 2008 . . . . . 2008 . . . . 15-Yr. . . . . 15-Yr.
. . . . . . . . Position . . . . . S&P . . . Position . . . . S&P
. . . . . . . . Tot. Ret. . . Tot. Ret. . . Tot. Ret. . . Tot. Ret.
Consumer Staples (6):
PG . . . . . -13.7% . . . -37.0% . . . . . 6.9% . . . . 9.0%
UL. . . . . . -35.8% . . . -37.0% . . . . . 9.1% . . . . 9.0%
KHC. . . . . . 0.3%. . . . 16.1% . . . . . 0.3%. . . . 16.1%
[KHC reflects 1-Yr TR data]
KO. . . . . . -23.8% . . . -37.0% . . . . . 5.6% . . . . 9.0%
PEP . . . . . -25.7% . . . -37.0% . . . . . 8.4% . . . . 9.0%
MDLZ. . . . -14.3% . . . -37.0% . . . . . 4.7% . . . . 9.0%
NEE . . . . . -23.1% . . . -37.0% . . . . 13.2% . . . . 9.0%
D . . . . . . . -21.1% . . . -37.0% . . . . . 8.7% . . . . 9.0%
EXC . . . . . -29.4% . . . -37.0% . . . . . 6.7% . . . . 9.0%
SO . . . . . . . -0.2% . . . -37.0% . . . . . 7.4% . . . . 9.0%
AMGN. . . . . 24.5% . . . -37.0% . . . 19.4% . . . . 9.0%
ANZ. . . . . . . 0.3% . . . -37.0% . . . . . 6.9% . . . . 9.0%
[ANZ --Sold OOM CC options]
BMY. . . . . . . -6.5% . . . -37.0%. . . . . 8.1% . . . . 9.0%
[BMY--Sold OOM CC options]
JNJ. . . . . . . . 7.6% . . . -37.0%. . . . . 8.1% . . . . 9.0%
MRK . . . . . -45.1% . . . -37.0% . . . . 4.5% . . . . . 9.0%
PFE . . . . . -16.5% . . . -37.0% . . . . 2.6% . . . . . 9.0%
MDT . . . . . -35.9% . . . -37.0% . . . . 6.7% . . . . . 9.0%
SYK . . . . . -46.0% . . . -37.0% . . . 16.5% . . . . . 9.0%
OHI (REIT). . 6.9% . . . -37.0% . . . 14.9% . . . . . 9.0%
VTR (REIT) -21.3% . . . -37.0% . . . 15.7% . . . . 9.0%
T. . . . . . . . -27.6%. . . . -37.0% . . . 4.9% . . . . . 9.0%
VZ . . . . . . -21.5% . . . . -37.0% . . . 4.9% . . . . . 9.0%
Other Equity (6):
O (REIT). . . -8.2% . . . -37.0% . . . 11.2% . . . . . 9.0%
DEA (REIT) . . n/a . . . . . .n/a . . . . . 6.7% . . . . .16.0%
[DEA reflects 1-yr TR]
MCD. . . . . . 8.3% . . . . -37.0%. . . 13.7% . . . . . 9.0%
[MCD is a Cons. Disc. Stk, but customers 'trade-down']
CSX. . . . . -24.4% . . . . -37.0% . . . 17.2% . . . . . 9.0%
NSC . . . . . . -4.3% . . . . -37.0% . . . 13.6% . . . . 9.0%
[CSX & NSC are Industrials, but railroads are near-monopolies]
SPHD (ETF). n/a . . . . . . -37.0% . . . 12.8% . . . . 9.0%
LQD (ETF) . . 2.4% . . . . -37.0%. . . . 6.0%. . . . . 9.0%
TLT (ETF) . . 33.9% . . . . -37.0% . . . . 7.4%. . . . 9.0%
Core Portfolio Report on 2017 Objectives:
I planned to exit CVS, CMCSA, and SBUX.
I exited those 3 stocks, and initiated planned positions in identified ETFs.
OPPORTUNISTIC PORTFOLIO UPDATE -- JULY 2017
By definition cyclical stocks are expected to out-perform during bull markets, and under-perform in bear markets (the recession being the obvious example of under-performance). I keep my cyclicals (21 of 51 positions) in my OPPORTUNISTIC Portfolio. in a bear market, I will heavily trim or exit them. In addition, over several years, and so as to further moderate risk, I’ll likely exit most of my cyclical stocks, placing the proceeds in diversified ETFs.
. . . . . . . . . . . (1) . . . . . . . (2) . . . . . . (3) . . . . . . . (4)
. . . . . . . . . . 2008 . . . . . 2008 . . . . 15-Yr. . . . . 15-Yr.
. . . . . . . . Position . . . . . S&P . . . Position . . . . S&P
. . . . . . . . Tot. Ret. . . Tot. Ret. . . Tot. Ret. . . Tot. Ret.
BMO . . . . . -49.9% . . . . -37.0% . . . . 11.2%. . . 9.0%
TD . . . . . . . -45.4% . . . . -37.0% . . . . 13.3%. . . 9.0%
WFC . . . . . . . 2.0% . . . . -37.0% . . . . . 7.4% . . . 9.0%
MA. . . . . . . -33.3% . . . . -37.0%. . . . . 22.6%. . . 9.0%
[MA reflects 10-yr TR data]
PFG . . . . . . -66.6% . . . . -37.0% . . . . . 6.7% . . . 9.0%
NRZ m(REIT) . n/a . . . . . . . n/a . . . . . 19.2%. . . 10.2%
[NRZ reflects 3-yr TR data; sold OOM CC options]
BXMX (CEF) -26.8% . . . . -37.0% . . . . . 6.9% . . . 9.0%
CSCO. . . . . -39.8% . . . . -37.0% . . . . . . 6.3%. . . 9.0%
MSFT . . . . . -44.1% . . . . -37.0%. . . . . . 8.3%. . . 9.0%
INTC. . . . . . -43.0% . . . . -37.0%. . . . . . 6.1%. . . 9.0%
Consumer Cyclical (1):
LVS . . . . . . -94.3%. . . . -37.0%. . . . . . 0.8%. . . . 7.0%
[LVS reflects 10-yr TR data; sold OOM CC options]
XOM . . . . . -13.1%. . . . . -37.0%. . . . . . 7.6% . . . 9.0%
RDS.B . . . . -34.3%. . . . . -37.0%. . . . . . 5.6% . . . 9.0%
AMLP (ETF) . n/a . . . . . . . . n/a . . . . . . . 1.1% . . 15.1%
[AMLP reflects 5-yr TR data]
AMZA (ETF) . n/a . . . . . . . . n/a . . . . . . . 6.0% . . 16.2%
[AMZA reflects 1-yr TR data ]
GE. . . . . . . -53.0%. . . . . -37.0% . . . . . 2.3% . . . 9.0%
[GE--Sold OOM CC options]
Other Equities (5):
IVW (ETF) . -34.8% . . . . -37.0% . . . . . 9.3% . . . 9.0%
IJR (ETF) . . -31.5% . . . . -37.0%. . . . 11.5% . . . 9.0%
EEMV (ETF) . . n/a . . . . . . . n/a . . . . . . 3.1% . . . 3.3%
[EEMV reflects 5-yr TR data]
IDV (ETF) . -52.0%. . . . . -37.0% . . . . . 0.7% . . . 7.0%
[IDV reflects 10-yr TR data]
IEUR (ETF). . . n/a . . . . . . . n/a . . . . . . 2.2% . . 10.2%
[IEUR reflects 3-yr TR data]
Opportunistic Portfolio Report on 2017 Objectives:
I planned to use limit-sell orders to reduce or exit these OPPORTUNISTIC Positions in 2017:
General Electric (GE) -- Reduced position, plan to exit this year.
Starwood Property (STWD) -- Exited position with assistance of OOM covered calls.
New Residential (NRZ) -- Significantly reduced position with assistance of OOM covered calls, plan to exit this year.
InfraCap MLP ETF (AMZA) -- Reduced, will reduce a little more this year.
LIFE IS GREAT--it's been an unbelievably awesome ride!
Four private female investors and one Dachshund.
We've consigned our careers as fund managers to the shredder, as we no longer have confidence that we can grow our clients' money anywhere near approaching the sparkling results that we achieved for them in the past.
Now Heidi and Desiree's investing interests involve global water distribution, agriculture, and timberland, while Clarissa and Helga manage strategies of certain commodities and hard assets.
We're also self-styled asset-manager vigilantes, who will bitch-slap those who take advantage of innocent retirees and other retail investors who have been ground into muesli by the Wall Street machine.
Sleazy RIA's, CFA's and 99% of the rest of financial "helpers" service their clients like Bonny and Clyde serviced banks.
As you can see, we're touchy, emotional, irascible, opinionated, and sometimes inebriated. But we admit that we do love the attention here on SA, so don't stop sending us those bawdy comments, angry criticisms, steamy love letters, veiled death threats, and tempting marriage proposals. Hey, you never know...
Oh, we almost forgot... While our names (Heidi, Helga, Clarissa and Desiree) may or may not be our real names, Schnitzel the Dachshund's name really is "Schnitzel the Dachshund."
Semi-retired marketing and sales executive with a second career in the travel business. Actively invest ~ a seven digit portfolio in half a dozen mutual funds as well as a couple of stock brokerage accounts, most of it IRA. Primary goal is income with some appreciation potential.
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