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Yesterday

2017-05-28

  • kelly.sheldrick86 commented on John Persinos's article 05-28 19:14
    As US Markets Seesaw, European Financial Stock Stands Out
    This week’s political wrangling on Capitol Hill to avert a federal government shutdown – as well as the extreme volatility of U.S. stocks...
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    kelly.sheldrick86 05-28 20:14
    • Very interesting. I haven't considered investment in Europe, and I haven't heard anything recently about other businesses investing into the European market. It could be a good option and definitely something worth looking into. I also haven't heard of Wirecard - I assume it's not a credit card common in England, as I used to live there and never heard of it before now. Something else worth looking into I guess.

2017-05-27

  • Shuda Xia posts: 05-27 20:40
    Stocks That Fell to 3-Year Lows in the Week of May 26
    Simon Property Group Inc. (SPG) declined to...
    Comment
  • jtdaniel commented on Rupert Hargreaves's article 05-27 06:45
    Mohnish Pabrai: Simple and Cheap Is Best
    Mohnish Pabrai (Trades, Portfolio) is my favorite value investor. He is also an investor I believe people can learn a significant amount from. I...
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    jtdaniel 05-27 07:45
    • Hi Rupert,

      Thanks for sharing. I also became a follower of Mr. Pabrai a few years ago after reading The Dhando Investor. That is one of the first books I would recommend to a new investor. In particular, I like his recommended 10% portfolio-sizing for new positions, which I adhere to in my IRAs (not as easy in taxable accounts). He may have borrowed this idea from Warren Buffett (Trades, Portfolio), but at any rate it helps me to wait patiently for the right opportunity. I noticed that he now has 72% of his portfolio in three auto stocks -- a suitble strategy for only the most advanced of investors..      
  • jtdaniel commented on The Science of Hitting's article 05-27 05:48
    Value Investing in a Bull Market
    I am currently looking at a company that has a pretty good underlying business. It has grown like a weed over the past decade and has attractive...
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    jtdaniel 05-27 06:48
    • Hi Science,

      Terrific article. Inability to enjoy watching our accounts appreciate in a bull market must be a common character trait of value investors. It must be for lack of trust as we know within a general range the business value of our holdings. My 15% position in Microsoft has worked out, but its current per share price just seems out of balance with reality. Hopefully, my valuation is too conservative. As you noted, selling would cause unwanted tax implications so I plan to hold firm and maybe buy more shares in the next bear market.  

      I agree that there are some pockets of value. Earlier this year I found brief opportunities to buy more shares of Abbott Labs, Berkshire and Wells Fargo. I think there are a few interesting opportunities in health care due to a combination of politics and temporary business issues, so I recently opened new positions in Express Scripts, CVS, and McKesson, Amazon-related panic and economic concerns have rocked many retailers. I recently bought my first shares of Dollar General and Auto Zone, as they do not depend on a booming economy and should be able to co-exist with Amazon. 

2017-05-26

2017-05-25

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