Up 20% YTD, today!

or Register to post new content in the forum

64 RepliesJump to last post

 

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Dec 6, 2005 9:24 pm

Sorry for toot'n my horn but I feel pretty good about it.    

Dec 6, 2005 9:30 pm
skeedaddy:

Sorry for toot'n my horn but I feel pretty good about it.    


That's great. I started a new portfolio I started in July, I'm up 18% so far. My YTD figure is lower than that though...

Dec 6, 2005 10:18 pm

I'm absolutely amazed by all the Peter Lynches and Warren Buffets we have on this board.  Skee, you'd be more credible if you'd tell us about some of your mistakes and what you learned by making them.  While your numbers are possible, the impression you give is that you consistently beat the market by a wide margin, and I'm sorry...I'm not buying it.  You remind me of my typical stock-picking client...focused on his two winners while ignoring his 20 dogs.


If you're as good as you tell us you are, tell us a bit more about your methodology...how you pick stocks...what stocks have done well for you this year...what you expect to do well over the next twelve months.  Give us something other than numbers that could be plucked from the thin air for all we know...


I'll ask you the same question I asked another "stock professional" on this board awhile back...if you're so damn good, why aren't you a fund manager making some serious jack?!!!

Dec 6, 2005 10:52 pm

Indyone,


Aren't you the same guy that claimed he could run circles around the mutual fund sub accounts in a VA?


How about you share your investment choices that run circles around others and/or your mistakes?

Dec 6, 2005 11:30 pm

meno,


I've done that...review my posts.  and yes, I've had the balls to discuss my mistakes also.


You, on the other hand, don't even have the balls to tell us which "top ten" firm you work for.

Dec 6, 2005 11:37 pm
Indyone:

meno,


I've done that...review my posts.  and yes, I've had the balls to discuss my mistakes also.


You, on the other hand, don't even have the balls to tell us which "top ten" firm you work for.



Find a listing of the "10 largest" (not "top 10") financial institutions in the nation.  Pick one.

Dec 6, 2005 11:44 pm

Sorry...I have better things to do with my time.  If you're proud of your firm, just tell us...that shouldn't hurt your anonymity.

Dec 7, 2005 12:30 am
Indyone:

Sorry...I have better things to do with my time.  If you're proud of your firm, just tell us...that shouldn't hurt your anonymity.


Don't be mad because I called you out on your hypocrisy.  Deal with it.



"I'm listening."


- Frasier Crane

Dec 7, 2005 12:52 am

You just don't know when to stop, do you?  Quoting directly from the post you referenced, I said exactly this...


"I can generally run rings around VA performance due to fewer choices in a given VA and higher expenses under the VA model."


Common sense will tell you that mutual funds, without the extra expenses and riders in VA's will perform better than VA subaccounts.  In addition, in a fee-based platform, I have several thousand mutual fund options available, far more than the average VA will ever have.  If you still think you can outperform my mutual fund list with your VA choices, we can always post our choices side by side and take a look at them.  I still don't think I'll have much problem running rings around your choices.  I'm up for it if you are...


I don't know what hypocrisy you refer to.  Did you honestly think I wouldn't remember what I said?  Keep listening...you might learn something...deal with that.

Dec 7, 2005 7:21 am
Indyone:

I'm absolutely amazed by all the Peter Lynches and

Warren Buffets we have on this board. Skee, you'd be more credible if you'd

tell us about some of your mistakes and what you learned by making them.

While your numbers are possible, the impression you give is that you

consistently beat the market by a wide margin, and I'm sorry...I'm not buying

it. You remind me of my typical stock-picking client...focused on his two

winners while ignoring his 20 dogs.






You're an envious little man!

Dec 7, 2005 7:35 am
Indyone:

If you're as good as you tell us you are, tell us a bit

more about your methodology...how you pick stocks...





I start with the New High list. 95% of the time, I'm buying at or just below

a 52 week high.



Then I screen for market cap because I'm looking for members of the S&P

500.



I end up with about 40-50 names. This year most of the names fell into

oil/energy, technology and natural resources. Allocation ended up 30%

oil, 30% tech, 20% natural resources and 20% speculation.



Then I look into financial performance metrics on those 40-50 names.

for example, sales growth, earnings surprises, profit margins, wall street

research, etc.



I end up with about 20 to 25 names in a portfolio, about 5% in each

name.

Dec 7, 2005 7:45 am
Indyone:

...what stocks have done well for you this year...what you

expect to do well over the next twelve months.





Best performers:



Apple 130%

Corning 90%

Valero 140%

United Health 46%

XTO 79%

Whole Foods 53%



I don't give predictions....I don't "anticipate"... I "participate"

Dec 7, 2005 7:53 am
Indyone:

I'll ask you the same question I asked another "stock

professional" on this board awhile back...if you're so damn good, why aren't

you a fund manager making some serious jack?!!!





Believe me I tried. In fact, I started at PaineWebber in New York City.

Although I went to a pretty good school, I didn't graduate from Princeton or

Harvard or Wharton MBA. Firms look for certain criteria for that career track.

So I ended up in retail. But if you hear of position let me know.

Dec 7, 2005 8:37 am

Skeedaddy



You should be proud of your performance in your strategy.  If you
are a fee based advisor, your revenue from that strategy is up 20%
too.  If anyone out here is or knows a mutual fund manager ask
them of all of the positions in their fund, likely 75 to 200 companies,
which ones do they REALLY like?  They will tell you 10 to 20
names...the rest is to fill in the prospectus requirements.  A
good strategy marketed directly to a client or prospect is very
effective.  Skee- The pondits who take shots at you are likely to
be setting on portfolios that are up 4% this year...along with EVERYONE
ELSE. 



I have learned that in order to be good you need to be different, and
good.  For my group the past few years we have grown by leaps and
bounds, and that is largely due to individual strategies we have
marketed. 



Congrats Skee- now share your strategy!

Dec 7, 2005 11:14 am

Skee,


Not envious, but a skeptic.  It's pretty easy to pretend to be something that you're not on these boards and you'll have to forgive me if I am doubtful of you, or anyone's numbers on these boards.  We even have unlicensed folks participate as resident experts, so I tend to take a lot of what I read with a grain of salt.


It looks like you are using a momentum strategy and assuming the accuracy of your posts, it's worked for you this year.  I've taken a more fundamental approach in my stock picking and to a large extent used fund managers.  Rightway, I'm not up 20%, but my strategies are up YTD anywhere from high single to low double digits and my clients appear to be satisfied.  I'm just happy to outperform the related indexes on a consistent basis.


I'm confident that there are some good stock pickers on this forum, but I am just as confident that there are a lot of pretenders, which is why I tend to ask a few pointed questions when I see someone quoting above-average return numbers.  Keep on doing what you're doing.  If you're as good as you say you are on a consistent basis, eventually, you'll be rewarded accordingly.


Oh, and Rightway, I think he DID share his strategy...see above...

Dec 7, 2005 12:18 pm
Indyone:

Sorry...I have better things to do with my time.  If you're proud of your firm, just tell us...that shouldn't hurt your anonymity.


Indy-


He sits in a little desk in a bank lobby, dude.  That's why Meno is such a big fan of annuities.

Dec 7, 2005 12:43 pm

Here's something interesting.  I can't help but get a chuckle reading over a quarterly update from a portfolio manager from Pioneer Funds.


Size of portfolio: over $1 billion


Portfolio manager has an MBA from NYU. and has a "team" of equity portfolio managers and research analysts that support him. Has underperformed his benchmark for YTD, 1 year and 3 years. 4 Stars from Morningstar and 5 stars from S&P Fund Research.


Released a very apologetic update explaining what has gone wrong this year:


Tenet Health---hasn't he noticed that United Healthcare and Humana are kicking butt?


Blockbuster Video--I guess he hasn't heard of NetFlix


Mattel--In the summer? Buy what the Chinese are buying not what they're selling.


SimpleTech--Apple signed the deal with Sandisk.


Perrigo--not enough headlines for Bird Flu, I guess.



Sometimes it not what you know, but who you know.


Dec 7, 2005 3:54 pm

Sounds like a great 500k job.


What is fund up or down for the year?

Dec 7, 2005 7:14 pm

Skee,


When you say you look into the financial metrics of your screened list, what are you looking for specifically?  Also, where do you screen for your stocks? Thanks for your reply.



Dec 7, 2005 7:57 pm
Indyone:

Skee,



It looks like you are using a momentum strategy and assuming the

accuracy of your posts, it's worked for you this year.





It is. Nowadays with internet access, clients are up to the minute on their

accounts...so I offer immediate gratification. My biggest snafu this year was

passing on Google.