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A regular guy (still alive from New York!) who shows how he would manage a model (not actual) portfolio for educational purposes only, my personal finances are my own business and the disclosure statement is only for the portfolio we are discussing (if an asset is held personally, I will note that in the disclosure). I give absolutely no advice, and only offer suggestions on how I could manage a portfolio. My personal portfolio and finances can change at any time, which has nothing to do with the educational value of any article.
The main reason for a subscriber to "Follow" me, especially for the model portfolios (TARP or otherwise), is to glean some knowledge to become a better investor and not simply place bets. Money management is every bit as important as any other aspect of investing, and by following a portfolio and the actions taken, you can gain some insight into a somewhat higher level of investing acumen. There are no requirements, and this is not "rocket science" - it is simply a powerful way for you to put the money you have worked hard for to work even harder for you. My message will be consistent, and my hope by doing this is to share my own experiences, illustrated in the model mock portfolios I build exclusively for Seeking Alpha. Knowledge is power, and many folks shy away from the investing world because that very world makes it more confusing each and every day in an effort to sell you something: stock picks, technical strategies, books, videos, subscriptions with "secret ideas," gadgets, and even snake oil. My promise to you is that my work here will remain free to all of my followers, with the hope of giving to you some of the things that took years for me to learn myself.
Joe Eqcome is the pen name of Robert A. Frank, CFA, a Wall Street executive who has spent over 30 years as an investment professional. Mr. Frank is the founder of GrowthIncome Research & Management, LLC.
GrowthIncome Research & Management, LLC’s business mission is focused on generating supplemental retirement income through investment in regulated investment companies (“RIC’s” or “investment companies”) whereby the Firm can maximize investment income for its clients by virtue of the RIC’s conduit status.
RIC's include closed-end funds (CEF’s), open-end funds (mutual funds) and exchange traded funds (ETF’s). Other non-RIC, conduit vehicles include real estate investment trusts (REIT’s) and Master Limited Partnerships (MLP’s). Particular emphasis is placed on CEFs given their under-research and inefficient valuations.
Mr. Frank, a chartered financial analyst (CFA), spent his first 20 years in the investment business as a real estate research analyst for the investment banking firm of Alex Brown & Sons, Inc., (later sold to Deutsche Bank) where he was a managing director and group head of the real estate securities researched division.
Mr. Frank was later an executive vice-president, director of equity research and co-head of capital markets at Legg Mason, Inc. Mr. Frank founded Intellectual Capital Markets, Inc., a financial services firm in which he sold his interest; he also served as a real estate investment banker at a regional investment banking firm.
Mr. Frank has been a former "Institutional Investor" All-Star Analyst for multiple years, a featured interviewee for Barron's Magazine multiple times, a guest on Wall $treet Week and Bloomberg TV, former governor of the National Association of Real Estate Investment Trusts (“NAREIT”), charter member of the Berman Institute at the Johns Hopkins University, former Trustee of the University of Baltimore, former Trustee at Friends School of Baltimore, former director of Mid-Atlantic Realty Trust (sold to Kimco Realty Trust, Inc.), recipient of the “Life-Time Achievement Award” by the National Association of Real Estate Investment Trusts and the American Real Estate Society's "Award of Merit".
Aside from free articles available to the general public, additional early-access, value-added ideas and deep-dive articles are offered to paid subscribers on my premium SA platform, "Retirement: One Dividend At A Time" . This exclusive RODAT Portfolio has performed even better than my popular FTG Portfolio, with higher dividend income growth and greater capital appreciation.
If you are interested in any of my digital utility solutions to add to your investing tool box to improve your investment outcomes, please visit my site
You'll find elegant applications that make it simple for you to track your portfolio in real time, make a watch list to follow in real time, track your dividend income and growth, and other applications. These applications will allow you to set alerts at prices you choose in order to obtain the yield and income that you want. They function as real time trade assistants and will improve your investment performance. You can even mirror the successful FTG Portfolio with "My FTG Mirror Calculator", and subscribers can mirror the premium subscriber portfolio with "MY RODAT Mirror Calculator" if they wish to emulate the out performance we've achieved in capital and income growth.
I am a retired clinical psychologist, and administrator and owner of a rehabilitation clinic we founded 40 years ago. For over 55 years I have managed several portfolios composed of investments accumulated over our professional careers. Since the financial crisis of 2008, I have employed specialized, customized dividend growth strategies aimed at enhancing and growing a dividend income stream.
Since December 24, 2014, I have demonstrated on Seeking Alpha the ongoing construction and portfolio management of the Fill-The-Gap Portfolio aimed at highlighting strategies investors may utilize to close the gap between an average Social Security benefit and the much greater costs faced in retirement.
This portfolio has outperformed all of the broad market indexes by a very wide margin, growing dividend income and total portfolio value consistently while the broader indexes struggle in negative territory all year.
Let me show you how to build and grow your portfolio and dividend income, step by step, towards a comfortable and secure retirement.
David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan. After leaving the White House, Stockman had a 20-year career on Wall Street.
At the podium, Stockman’s expertise and experience cannot be matched, and he has a reputation for zesty financial straight talk. Defying right- and left-wing boxes, his latest book catalogues both the corrupters and defenders of sound money, fiscal rectitude, and free markets. Stockman discusses the forces that have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America’s financial system to morph into an unstable, bubble-prone gambling arena that undermines capitalist prosperity and showers speculators with vast windfall gains.
Stockman’s career in Washington began in 1970, when he served as a special assistant to U.S. Representative, John Anderson of Illinois. From 1972 to 1975, he was executive director of the U.S. House of Representatives Republican Conference. Stockman was elected as a Michigan Congressman in 1976 and held the position until his resignation in January 1981.
He then became Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. Stockman was the youngest cabinet member in the 20th century. Although only in his early 30s, Stockman became well known to the public during this time concerning the role of the federal government in American society.
After resigning from his position as Director of the OMB, Stockman wrote a best-selling book, The Triumph of Politics: Why the Reagan Revolution Failed (1986). The book was Stockman’s frontline report of the miscalculations, manipulations, and political intrigues that led to the failure of the Reagan Revolution. A major publishing event and New York Times bestseller in its day, The Triumph of Politics is still startlingly relevant to the conduct of Washington politics today.
After leaving government, Stockman joined Wall Street investment bank Salomon Bros. He later became one of the original partners at New York-based private equity firm, The Blackstone Group. Stockman left Blackstone in 1999 to start his own private equity fund based in Greenwich, Connecticut.
In his newest New York Times best-seller, The Great Deformation: The Corruption of Capitalism in America (2013), Stockman lays out how the U.S. has devolved from a free market economy into one fatally deformed by Washington’s endless fiscal largesse, K-street lobbies and Fed sponsored bailouts and printing press money.
Stockman was born in Ft. Hood, Texas. He received his B.A. from Michigan State University and pursued graduate studies at Harvard Divinity School.
He lives in Greenwich, Connecticut, with his wife Jennifer Blei Stockman. They have two daughters, Rachel and Victoria.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes.
Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense
I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time spent here is to give all a formula for a well rounded view of fellow investors ideas and recommendations.
My goal is to have posters and investors educate one another so that eventually everyone has the opportunity to make money !! We should all have that same end game. Put the daily noise aside and think "outside the box" !!
I find investments are very different and difficult in these extremely Interesting Times!! We hear whispers of manipulation. QE'S that have never been done before. Then we have a template experiment in Cyprus to see the worlds reaction. I just ask everyone to sit back and ask themselves " 10 years ago would we even have thought a Cyprus could occur? "
Tossing ideas around is always fun....Authors posting their links on our blog is welcomed as well. Newbies with questions are urged to post. Either you learn from the answers or have asked a question no one has thought of . Either way that is EDUCATING !!
So feel free to join us !!
I'm an independent mining company analyst with extensive experience on Seeking Alpha. I took a hiatus from Seeking Alpha to pursue an independent newsletter, and then to work as a mining analyst for FronTier Merchant Capital Group.
Now I am back and am preparing a new newsletter with a focus on high quality exploration companies.
Time management is important, and requires I limit hours spent here. For the convenience of others, I conclude my 1st comment with “uncheck:Xhrs”, and extend it if/when I post additional comments. This avoids time wasted on nonsense, off-topic discussions, and some arguments with zounderkites. I also reply to private messages.
I update my Profile following each quarter's end--below is my Q1-2018 update.
My journey as a self-directed investor (SDI) began 45 years ago (1973), and resulted in financial independence at age 52. I retired early the following year (Feb 1995). This year marks 23 years retired, and age 76. Thus actuarially, my retired years should exceed my working years.
Generally, the younger one retires, the greater the risk (and embarrassment) they might have miscalculated, and outlive their money. Fortunately, that is not among our concerns. Even including 2 major recessions, and now 7 years of significantly increasing annual RMDs, my IRA's market value increased by over 400%, whereas inflation increased 64%--this not braggadocio--only an illustration others can do at least as well IF they are willing to defer immediate gratification (spend less to invest more), to ensure future financial independence. Joyce and I long ago met our wealth accumulation goal, and moved to preservation. Our primary financial metric is now net worth.
At SA, my comments are limited to my IRA, which is 1 of our 5 portfolios, and the most actively managed. Dividends paid to my IRA equals twice our basic annual living expenses for food, clothing, shelter, taxes, transportation, entertainment, and insurances (but excluding our variable expenses for travel and generous gifting).
For 45 years, I’ve invested for total return. As a retiree, I invest more conservatively for growth & income. I now limit myself to dividend-paying companies, REITs, EFTs and recently a few CEFs having "level distribution plans". My IRA is tilted defensively compared to the allocations of most in wealth accumulation. OTOH, I’ve recommended our 20-something grandchildren tilt their allocations heavily toward greater growth until they actually need retirement income--there is little advantage to younger investors who settle for reduced total return so as to obtain income they don’t yet need (and for taxable accounts dividends are a significant drag on relative performance).
As I now invest for the benefit of our 2 children, 3 grandchildren, and soon great-grandchildren, I need more exposure to pure growth for greater total return, and thus the ETFs/CEFs holding pure growth companies offer greater total returns and diversification, and will become the dividend-payers of future decades.
2018 OBJECTIVE: PREPARE FOR ‘AUTOPILOT’
Recent hospitalizations are a reminder my body is aging faster in my 70s than in my 60s and 50s. Although I'll continue to enjoy active portfolio management for at least a few more years, prudence requires I proactively prepare for the eventuality of a more passive management either because I lack interest or capacity, or I'm no longer looking down on sod. Thus by mid-2018, I'll have completed actions that can be tweaked a few times before ‘autopilot’ is required.
I SEPARATE MY IRA INTO 2 SUB-PORTFOLIOS
My CORE PORTFOLIO constitutes about 70% of my IRA by market value. It focuses most of its allocation to lower beta companies in defensive sectors, and having economic moats--Consumer Staples, Utilities, Healthcare, and Telecoms). They tend to be 'slow-growth', and are often referred to as 'bond-substitutes'. Generally, I exit these positions only if I lose confidence in the BoD and management. Dividends and share buybacks compete as means for companies to deliver excess capital to shareholders, and the defensive sectors tend to favor dividends, which over longer periods, tend to produce generous total returns (even when the share price return is periodically mediocre).
My OPPORTUNISTIC PORTFOLIO (with a few exceptions listed below), contains my cyclicals. By definition, the earnings of (most) cyclicals are heavily influenced by the economy. In periods of economic expansion, they generally outperform my Core positions, and the opposite during economic contraction. Therefore, over time, I expect some of these positions are likely to move to my Core portfolio, and some growth companies in ETFs/CEFs to exhibit Core portfolio attributes (for example, I don't expect Amazon, Google, and Home Depot to under-perform Consumer Staples in future recessions).
For ETFs and CEFs, I've listed the top 5 holdings.
Consumer Staples (4):
UTG (Charter Comm.; Next Era; DTE Energy; Comcast; American Water)
Consumer Cyclical (2): These cyclicals not economically sensitive
XLY (Amazon; Home Depot; Comcast; Disney; Netflex)
ITA (Boeing; United Tech; Lockheed; Raython; General Dynamics)
XLI (Boeing; General Electric; 3M; Honeywell; Union Pacific
Real Estate (3):
Multi-Sector ETFs (1):
SPHD (Iron Mountain; Welltower; Phillip Morris; Ventas; PPL)
Total CORE Portfolio Positions = 31
Resorts & Casinos (1)
AMLP (Energy Transfer; Enterprise Products; Magellan Midstream; MPLX; Williams)
Information Technology (5):
BST (Apple; Alphabet; Microsoft; Amazon; Facebook)
XLK (Apple; Microsoft; Facebook; Alphabet; AT&T)
Financial Services (6):
XLF (Berk Hathaway; JP Morgan; Bank America; Wells Fargo; Citigroup)
Multi-Sector ETFs (2):
CII (Apple; Alphabet; JP Morgan; Microsoft; Bank of America)
EEMV (Taiwan Semi; Tencent; PT Bank; Public Bank; Bank of Chile)
Total OPPORTUNISTIC Portfolio Positions = 17
Ben Graham said: “Investing isn’t about beating others at their game [beating the market]. It’s about controlling yourself at your own game".
There are hundreds of voices competing for our attention. Often those shouting loudest have the poorest records. The 4 primary voices I listen to are data-driven, and publish weekly (or thereabouts):
Jeff Miller's Weighing The Week Ahead;
Fear & Greed Trader's S&P500 Update;
Chris Ciovacco's CCM Market Model videos; and
Patrick J. O'Hare's The Big Picture (at Briefing.com).
(That doesn't mean not reading contrary opinions.)
Thank you. I hope you found enough worthy your time expended.
IT'S A GREAT LIFE (and far more about family than investments). I've had a truly unbelievably awesome ride, including riches truly beyond my dreams!
Brad Thomas is a research analyst and he currently writes weekly for Forbes and Seeking Alpha where he maintains research on many publicly-listed REITs. In addition, Thomas is the Editor of the Forbes Real Estate Investor, a monthly subscription-based newsletter.
Thomas has also been featured in Forbes Magazine, Kiplinger’s, US News & World Report, Money, NPR, Institutional Investor, GlobeStreet, CNN, Newsmax, and Fox. He is the #1 contributing analyst on Seeking Alpha in 2014, 2015, 2016, and 2017 (based on page views).
Thomas has co-authored a book, The Intelligent REIT Investor, and is the author of The Trump Factor: Unlocking The Secrets Behind The Trump Empire (available on Amazon).
Thomas received a Bachelor of Science degree in Business/Economics from Presbyterian College and he is married with 5 wonderful kids.
With hedge fund manager, CNBC regular and long-time veteran of the Russian markets Tim Seymour at the helm, Emerging Money (http://www.emergingmoney.com) provides education, trading analysis and comprehensive views of emerging markets around the world. As economies in the BRIC group and beyond become the growth engines of global wealth creation, Emerging Money provides insights and tools for investors to trade successfully in these markets via individual ADRs, foreign-traded stocks, currencies and ETFs.
Nigam Arora is a distinguished master of the financial markets, a popular columnist, an engineer and nuclear physicist by background, has founded two Inc. 500 fastest growing companies, has been involved in over 50 entrepreneurial ventures, is the developer of Theory ZYX of Successful Change Management, is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method to profit from change in trading and investing that has produced unrivaled investment performance in both bull and bear markets over a long period of time. Nigam's advanced mathematics skills have played a key role in the success of the combination of ZYX Change Method and the adaptive ZYX Allocation Model which automatically changes based on market conditions. The adaptiveness has overcome the weakness of conventional models in that they work for a while and then stop working as market conditions change. Nigam is the founder and Chief Investment Officer of the globally well-respected firm The Arora Report. He is also the founder of the Change Management Center. Nigam is a contributor to Forbes, MarketWatch which is an online affiliate of The Wall Street Journal, and Kitco. His writings have also been seen or referenced in numerous additional media and investment research platforms across the globe. Nigam's writings have generated over 50 million page views. His columns are routinely among the most popular and often the headline at MarketWatch. His columns have also been often among the most popular at Forbes and Seeking Alpha. People close to Nigam call him an economist due to his deep knowledge in applying leading economic indicators to call the markets to generate high risk adjusted returns. Nigam is known for his prescient calls from which subscribers to The Arora Report have handsomely benefited. Over the years, Nigam has made thousands of accurate calls on macro, individual stocks, individual ETFs, commodities including precious metals and crude oil, and currencies. Here are some of his major macro calls. STOCKS • Calls to go to 100% cash prior to the 2008 stock market cash for long only investors • Calls to go to 100% short prior to the 2008 crash for investors who were able to short • In the early stages of the decline prior to 2008 crash, calls to go heavily in inverse ETFs • In the 2008 crash when most investors lost half of the value of their portfolios, subscriber to The Arora Report made money by the boat load • Call to take profits on inverse ETFs in February 2009, just before the market bottom • Calls to take profits on all short positions in February 2009, just before the market bottom • Calls to aggressively buy stocks long in February and March of 2009 right at the market bottom • Aggressive hedging and profit taking prior to market downturn in 2011 making 2011 a profitable year for The Arora Report subscribers, a year in which most investors lost money • Staying aggressively long, at times with protective hedges, during the long bull market of 2009-2015 • Calls for up to 50% cash and aggressive hedging in late 2015 prior to the market downturn of early 2016 GOLD AND SILVER • Calls to backup the truck and buy gold in $600s with average of $663 before a run to $1904 • Calls to allocate 20% (maximum allowed under diversification rules) to silver in $16-18 range with average of $17.73 before a run to $50 • Call to sell all of the silver at $48.50 close to the to the top at just over $50 • Call to short sell silver over $50 and holding the short position all the way down to $14 range. • Call to sell half of the gold at the exact top at $1904 and put a stop on the remaining at $1750, subsequently gold fell to $1000 range. • Correctly stayed bearish on gold and silver since 2011 top to early 2016 with numerous calls to trade mostly from the short side and a handful of correct calls to take long positions to profit from countertrend rallies CRUDE OIL • Bullish calls to buy crude oil long in 2007 in the range of $65-73 with an average of $68.71 before a run to the range of $140 in 2008 • Call to sell all of the crude oil position in 2008 at $138.87 in 2008 right near the top in $140 range • Bearish calls to sell crude oil short in 2008 in the range of $121-133 with an average of 127.34 before a fall to the $40 range • Call to take profits on all of the crude oil short position in 2009 at $41.86 right near the bottom • Bullish calls to buy crude oil long in 2009 in the range of $43-49 with an average of $47.18 before a run to the range of $108 in 2011 • Call to take profits on all of the crude oil long position at $103.43 in 2011 • Bearish calls to sell short crude oil in the range of $108 in 2014 right near the top • Correctly stayed bearish on oil in 2014 to early 2016 as oil dropped to $27 range EUROPE • During European sovereign debt crisis when many gurus were calling for failure of euro, made the correct bold call that euro will survive as a currency and European Union would not break up • Made several specific investment calls stemming from the foregoing macro call that have generated large profits CHINA • When China GDP was growing at about 12% and everyone with rare exceptions was bullish on China, made a bold bearish call that China super-cycle was over; by 2016 China true GDP growth fell to about 6% • Made several specific investment calls stemming from the foregoing macro call that have generated large profits
Jake Huneycutt is a former L/S Portfolio Manager, who developed one of the best long-term track records of outperformance in the US by investing in beaten-down, undervalued stocks. He is currently the Chief Content Creator for the data oriented website The New Madisonian.
He holds an MBA in Finance from Emory University, a Master of Accounting from the University of North Carolina at Chapel Hill, and a B.A. in History from East Tennessee State University. Hobbies include hiking, trail running, karaoke, board games, classic films, and tournament poker. He is originally from Johnson City, TN and currently resides in Atlanta, GA.
I am the Portfolio Manager for the RETIREE INCOME PORTFOLIO, DIVIDEND OVERDRIVE PORTFOLIO, and the OIL & GAS INCOME PORTFOLIO at PortfolioChannel.com. I am also the creator of the Cash Flow Retirement Replacement Ratio© used in retirement and investment planning. A Chartered Financial Analyst and Certified Financial Planner, I have spent over two decades managing high-net worth individual and institutional accounts, working as a portfolio manager and analyst. I have also had several stints working for a pair of Private Banks managing balanced, fixed income, and equity accounts.
Professional investment portfolio management since 1974. CFA Charter (1981). Juris Doctor degree, Northwestern University School of Law (1965). Founder, current Chairman and CEO, Askari Equity Management LLC, successor corporation to RIA asset management proprietorship since 1974. "Semi-retired". Interested in consulting to small investment firms and to institutional clients. Very limited willingness to accept new accounts. Practiced corporate law in Chicago (1968-1982); including General Counsel to minority-enterprise Small Business Investment Company. Service on various Boards in Tucson, AZ (1980s-1990s) Peace Corps Volunteer, Kenya (1966-1967).
Wall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It's designed for easy readability on the site or by email (including on mobile devices), and is published before 7:00 AM ET every market day.
Wall Street Breakfast readership of over 900,000 includes many from the investment-banking and fund-management industries.
Sign up here to receive the Wall Street Breakfast in your inbox every business day: http://seekingalpha.com/account/email_preferences
James A. Kostohryz has accumulated over twenty years of experience investing and trading virtually every asset class across the globe.
Kostohryz started his investment career as an analyst at one of the US's largest asset management firms covering sectors as diverse as emerging markets, banking, energy, construction, real estate, metals and mining. Later, Kostohryz became Chief Global Strategist and Head of International Investments for a major investment bank. Kostohryz currently manages his own investment firm, specializing in proprietary trading and institutional portfolio management advisory.
Born in Mexico, Kostohryz grew up between south Texas and Colombia, has lived and worked in nine different countries, and has traveled extensively in more than 50 others. Kostohryz actively pursues various intellectual interests and is currently writing a book about the impact of culture on economic development. He is a former NCAA and world-class decathlete and has stayed active in a variety of sports.
Kostohryz graduated with honors from both Stanford University and Harvard Law School.
You can receive custom delivery of all of Mr. Kostohryz's published work on Seeking Alpha, The Street, and other media, as well as exclusive material, by following the link below. It is absolutely free:
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When connecting, be sure to identify yourself as a Seeking Alpha reader.
Charles (Chuck) C. Carnevale is the creator of F.A.S.T. Graphs™. Chuck is also co-founder of an investment management firm. He has been working in the securities industry since 1970: he has been a partner with a private NYSE member firm, the President of a NASD firm, Vice President and Regional Marketing Director for a major AMEX listed company, and an Associate Vice President and Investment Consulting Services Coordinator for a major NYSE member firm. Prior to forming his own investment firm, he was a partner in a 30-year-old established registered investment advisory in Tampa, Florida. Chuck holds a Bachelor of Science in Economics and Finance from the University of Tampa. Chuck is a sought-after public speaker who is very passionate about spreading the critical message of prudence in money management. Chuck is a Veteran of the Vietnam War and was awarded both the Bronze Star and the Vietnam Honor Medal.