Articles from Steve Selengut | Selfgrowth.com
- ***Modern Portfolio Theory Assumptions --- The Root Of All Evil
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Submitted on Nov 11, 2011 from Steve SelengutRumor has it that a group of economists were sitting around their super-computers one day, smoking a "pot-pourri" of perfect statistics, when they came to the fairly-easy-to-support conclusion that not too many professional investment managers were able to "beat the market averages" ...
Views:3590
- ***Harnessing Stock Market Volatility
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Submitted on Nov 11, 2011 from Steve SelengutIf you were to Google "Stock Market Volatility", you would find a wide range of observations, conversations, reports, analyses, recipes, critiques, predictions, alarms, and causal confusion. Books have been written; indices and measuring tools have been created; rationales and conclusions have ...
Views:1734
- ***Stock Market Perspective 2011 --- Some Things to Think About
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Submitted on Oct 27, 2011 from Steve SelengutThis won't take long, but think about the message and act accordingly. Never, ever, in the history of the investment world has a major correction in the stock market not been a major buying opportunity --- particularly in Investment Grade Value Stocks (IGVS). Always, every time and ...
Views:1647
( 23 votes) - ***Making A Volatile Stock Market Your VBF
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Submitted on Sep 13, 2011 from Steve SelengutMost people never forget their first love. I'll never forget my first trading profit --- but the 600 (1970) dollars I pocketed on Royal Dutch Petroleum was not nearly as significant as the conceptual realization it signaled. I was amazed that someone would pay me that much more for my stock ...
Views:1632
( 15 votes) - ***How Do You Spell Correction? (August, 2007)
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Submitted on Aug 25, 2011 from Steve SelengutDuring every correction, I encourage investors to avoid the destructive inertia that results from trying to determine: "How low can we go?" and/or "How long will this last?" Investors who add to their portfolios during downturns invariably experience higher values during the next advance. Yes, ...
Views:1726
( 1 vote) - ***Stock Market Corrections Are Beautiful Things - Shopping At The Gap
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Submitted on Aug 25, 2011 from Steve SelengutA correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I'm told, corrections adjust equity prices to their actual value or "support levels". In reality, it's much easier than that. Prices go down because of speculator reactions to ...
Views:2197
( 9 votes) - ***Investment Grade Value Stock (IGVS) Expectation Analyzer
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Submitted on Aug 12, 2011 from Steve SelengutNo investor should ever be surprised by the changes in market value that appear on his or her monthly account statements. In general, media noise throughout the month should lead to a feel for what has been going on and investors should understand that the prices of investment securities, ...
Views:1963
( 14 votes) - ***What Stock Market Correction - Brainwashing Book Strategies Take the Sting Out --- Again!
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Submitted on Aug 12, 2011 from Steve Selengut"The Brainwashing of The American Investor", now in its second edition, provides you with a proven methodology for successful personal investment portfolio management. Step by step instructions for asset allocation, security selection universe creation, diversification, and profit taking are ...
Views:1718
( 4 votes) - ***Retire Social Security Debt and Save The Economy --- What If?
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Submitted on Jul 15, 2011 from Steve SelengutWhat if the US Government sold the Social Security system/employees/buildings/DEBT/etc. to Insurance/Annuity industry companies for the amount of the debt plus a few billion --- all in cash plus secured debt of the hundreds of companies involved in the purchase? The money would be turned ...
Views:1589
- ***Investment Grade Value Stocks (IGVS) Bargain Stock Monitor
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Submitted on Jun 30, 2011 from Steve SelengutThe Bargain Stock Monitor is one of three market statistics used as performance expectation analyzers for Market Cycle Investment Management "Model Portfolios". It is derived from the Month End Value Stock Watchlist screening program which identifies Investment Grade Value Stocks trading at ...
Views:2290
( 1 vote) - ***Understanding Income Investing – Valid Expectations - Part One
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Submitted on Jun 03, 2011 from Steve SelengutI've come to the conclusion that the stock market is an easier medium for investors to understand (to form behavioral expectations about) than the fixed income market. As unlikely as this sounds, experience proves it, irrefutably. Few investors grow to love volatility as I do, but most expect it ...
Views:1403
( 19 votes) - ***Golf and Investing: Optimism, Focus, and Education
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Submitted on May 27, 2011 from Steve SelengutYou knew it the moment it left the club, that spark at contact when you catch it just right. You look up. It's just reaching the top of its climb--- and heading down right at the pin, a pin positioned left of center on the elevated green, much too close to the water. This could be the one! ...
Views:1489
( 6 votes) - ***Income Investing: Go Ask Alice
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Submitted on May 18, 2011 from Steve SelengutJefferson Airplane has never, ever, been mistaken for a band of financial advisors, but the White Rabbit lyrics can be incredibly instructional to the generation of investors who experienced the classic first hand --- as a description of their own college days' lifestyle. If only they had heeded ...
Views:1790
( 10 votes) - ***Managed Closed End Funds --- Solid Income Investments in Liquid Form
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Submitted on May 18, 2011 from Steve SelengutA Closed End Fund (CEF) is a publicly traded investment company that invests in a variety of securities such as stocks, bonds, preferred stocks, real estate, mortgages, oil and gas royalties, etc. The variety of sectors, classifications, and geographical representation is every bit as confusing ...
Views:1934
( 23 votes) - Investment Grade Value Stocks At Highest Levels Ever --- What To Do About It
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Submitted on May 13, 2011 from Steve SelengutThe IGVSI is a barometer of a small but elite sector of the stock market called Investment Grade Value Stocks. Some IGVSs are included in all averages and indices, but even the well dressed Dow Jones Industrial Average includes several issues that are well below Investment Grade and very few ...
Views:1959
( 12 votes) - ***Fundamentals of Golf and Investing: Back to Basics
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Submitted on May 06, 2011 from Steve SelengutIs it luck or skill that gets us to the goals and objectives we set for ourselves--- gimmicks and software programs or practice and understanding? How many golfers are still using the putter they started with decades ago at a nine-hole cow pasture? How many of you are still bouncing between ...
Views:1839
( 27 votes) - ***Old Fashioned Equity Investing - Building A Better Mousetrap
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Submitted on Apr 27, 2011 from Steve SelengutWhat if you could anticipate changes in market direction? What if you could minimize your financial risk while actively managing your portfolio? What if you could harness the power of market, economic, and interest rate cycles and use it to your financial advantage? You can, while increasing ...
Views:2032
( 25 votes) - Golf and Investing Lessons: Working The Ball
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Submitted on Jun 17, 2009 from Steve SelengutI think it was the immortal Ben Hogan who quipped: I can put "left" on the ball and I can put "right" on the ball--- "straight" is essentially an accident. Most amateur golfers would make a slightly different observation. We can hit the ball left or right with no problem; we just have no idea ...
Views:1895
( 15 votes) - Golf and Investing Lessons: Fundamentals
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Submitted on Jun 09, 2009 from Steve SelengutIs it luck or skill that gets us to the goals and objectives we set for ourselves--- gimmicks and software programs or practice and understanding? How many golfers are still using the putter they started with decades ago at a nine-hole cow pasture? How many of you are still bouncing between ...
Views:1773
( 3 votes) - Golf and Investing: Tin Cup Lessons
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Submitted on May 22, 2009 from Steve SelengutBenjamin Graham was an economist, financial analyst, and professional value investor. He was one of the first to advise investors to look beyond the media hype and confusion to find undervalued stocks that would become part of a diversified portfolio. Roy McAvoy is a fictional professional ...
Views:1915
( 2 votes) - Investment Performance Evaluation Re-Evaluated: Part Two
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Submitted on Apr 27, 2009 from Steve SelengutThe Working Capital Model (WCM) looks at investment performance differently, less emotionally, and without a whole lot of concern for short-term market value movements. Market value performance evaluation techniques are only used to analyze peak-to-peak market cycle movements over significant ...
Views:1504
( 9 votes) - Investment Performance Evaluation Re-Evaluated: Part One
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Submitted on Apr 23, 2009 from Steve SelengutIt matters not what lines, numbers, indices, or gurus you worship, you just can't know for certain where the stock market is going or when it will change direction. Too much investor time and analytical effort is wasted trying to predict course corrections--- even more is squandered comparing ...
Views:1821
( 11 votes) - Stock Market Corrections Are Beautiful--- And Necessary
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Submitted on Apr 16, 2009 from Steve SelengutEvery correction is the same, a normal downturn in one or more of the markets where we invest. There has never been a correction that has not proven to be an investment opportunity. You can be confident that governments around the world are not going to allow another Great Depression "on their ...
Views:1607
( 12 votes) - Hedge Funds: An Under the Radar Wall Street Con
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Submitted on Apr 02, 2009 from Steve SelengutThe other day, with the market giving up about a third of its March gain in DJIA points, I went looking through my favorite market stats to see if any remaining profits could be pounced upon. Typically, profit possibilities can be identified quickly on NYSE lists of the largest dollar and ...
Views:1741
( 8 votes) - Who Created The Financial Crisis - How And Why
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Submitted on Mar 26, 2009 from Steve Selengut"The Big Takeover" by Matt Taibbi is probably the best article written to date explaining the financial crisis and how we got to where we are now. Taibbi's necessarily lengthy article explains the problems, names the "poipetrators", and exposes all of the conflicts of interest--- absolutely a ...
Views:1920
( 1 vote) - Filling the Investment Education Void with Web Workshops
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Submitted on Mar 10, 2009 from Steve SelengutNow more than ever, you can appreciate the need for comprehensive investment education. All of a sudden, fifty percent of your nest egg has disappeared--- and the bad news? There never was a plan for income generation. Ouch! Dwelling on coulda's, woulda's, and shoulda's isn't going to rebuild ...
Views:1997
( 29 votes) - Global Investors' Bill Of Rights May Prevent Economic Déjà Vu
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Submitted on Mar 02, 2009 from Steve SelengutThe purpose of IBOR is to protect financial markets and to create self-sufficient investors who produce economic growth instead of government deficits. IBOR standards create transparent financial markets, regulate speculation, and protect retirement portfolios. Here's a sampling: Section One: ...
Views:1485
( 1 vote) - The President's $10,000,000,000,000 Economic Stimulus Package
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Submitted on Feb 24, 2009 from Steve SelengutFor homeowners: Cut the interest rate on all mortgage loans by 50 basis points and extend the payment schedule by three to five years. Convert all variable rate loans to fixed, at prevailing rates, and extend the payment schedule by six to ten years. No fees, points or charges tolerated. More ...
Views:1908
( 1 vote) - Investment Performance Expectations: WCM Fine Tuning
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Submitted on Feb 14, 2009 from Steve SelengutContrary to popular belief and Wall Street propaganda, investing is not a competitive event. Rather, it is a uniquely personal, goal-directed activity that individuals must organize and control for themselves. Too few appreciate that it is a long-term enterprise and only a handful, at best, have ...
Views:1351
( 1 vote) - Investors Review Their Best Investment Book
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Submitted on Jan 30, 2009 from Steve Selengut"My wife was trying to sleep and she's waking up and saying "What's wrong with you?" What could I tell her, that I was cracking up over a financial book---?" "As I approach retirement in a few years, I'm very encouraged by the cash flow my portfolio can generate. If I can generate nearly 8% ...
Views:2190
( 1 vote) - "Jim Dandy To The Rescue"--- Of The Economy
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Submitted on Jan 28, 2009 from Steve SelengutMore than fifty years ago, LaVern Baker & The Gliders, brought Jim Dandy into the fray to lasso runaway horses, dry the tears in little girls' eyes, and to save special mermaids from the hooks of villainous fishermen. (Black Oak Arkansas' rendition on You Tube will help you understand what your ...
Views:1765
( 1 vote) - Crisis Investing - A Three-Pronged WCM Strategy
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Submitted on Jan 19, 2009 from Steve SelengutOne of the great things about being a professional investor is the opportunity one has to apply his or her long-term experience to the investment environment that is unfolding (or coming unglued) in the present. If nothing else, most successful investors develop a consistent strategy that ...
Views:1722
( 2 votes) - The Investment Gods are Angry
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Submitted on Jan 14, 2009 from Steve SelengutThe Working Capital Model (WCM) is an historically new methodology, but with roots deeply imbedded in the building blocks of capitalism, and financial psychology--- if there actually is such a thing. The earliest forms of capitalism sprung from ancient Roman mercantilism, which involved the ...
Views:1389
( 1 vote) - Working Capital Model Investing – The QDI
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Submitted on Jan 04, 2009 from Steve SelengutCrash! The 2007 thru 2008 financial crisis halved 401(k), IRA, and Mutual Fund values in a matter of months. For many, retirement dates had to be pushed back; for others, new jobs had to be found. The tragic flaw? No income allocation in the investment program. Market value builds egos; income ...
Views:2059
( 3 votes) - Working Capital Model Investing - The Process
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Submitted on Dec 29, 2008 from Steve SelengutMost people enter the investment process tip first. They hear something, grab an idea from a popular blog, accept a Cramerism or some motley foolishness, and think that they are making investment decisions. Rarely, will the right-now, instant-gratification, Internet-generation speculator think ...
Views:2001
( 1 vote) - A Quick Jolt for the Auto Economy, Plus Ten
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Submitted on Dec 18, 2008 from Steve SelengutThirty Billion Dollars is a huge amount of money, but it translates into less than $100 per US person--- a small price that we should all be willing to pay to give the Automobile Industry time to restructure itself and to save a few million jobs. Give them the green, but have them pay it back ...
Views:1998
( 2 votes) - ***Investment Management - Put More Smart Cash In Your Future
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Submitted on Dec 03, 2008 from Steve SelengutThe stock market is a dynamic place where investors can consistently make reasonable returns on their capital if they comply with the basic principles of the endeavor and if they don't measure their progress too frequently against irrelevant indices. The income securities market is most often ...
Views:1925
( 11 votes) - A Capitalist's Social Security, 401(k), and Retirement Plan Reform Program
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Submitted on Nov 26, 2008 from Steve SelengutWhat if there was an easy way to implement a whole new approach to retirement funding, pension planning, and Social Security? Would the politicians be interested? Let's find out. What if the new plan actually reduced payroll taxes, cut prices, created jobs, increased salaries, raised ...
Views:1693
( 1 vote) - Value Stock Investing - The November Syndrome On Drugs
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Submitted on Nov 18, 2008 from Steve SelengutEvery fall, especially in opportunity rich markets like this, I encourage investors to think about some year-end strategies that make the final calendar quarter a special time in all markets. Several forces are at work, all of which have links to conventional Wall Street wisdom; none of which ...
Views:1935
( 1 vote) - The Securities Investors' Bill Of Rights (SIBORAP): Part Four
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Submitted on Oct 31, 2008 from Steve SelengutSIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, ...
Views:1327
( 1 vote) - The Securities Investors' Bill Of Rights (SIBORAP): Part Three
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Submitted on Oct 31, 2008 from Steve SelengutSIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, ...
Views:1688
( 1 vote) - Wall Street Garage Sale Produces Closed End Fund Bargains
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Submitted on Oct 28, 2008 from Steve SelengutThere's a bright light at the end of the tunnel--- finally. Most of the really well respected, long term investors are advising their audiences to hang in there, to stop the panic selling, and to look for the great companies that have withstood the economic downturns of the past. Buffet, Bogle, ...
Views:1937
( 1 vote) - The Securities Investors' Bill Of Rights (SIBORAP): Part Two
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Submitted on Oct 27, 2008 from Steve SelengutSIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, ...
Views:1527
( 2 votes) - The Securities Investors' Bill Of Rights (SIBORAP): Part One
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Submitted on Oct 24, 2008 from Steve SelengutWe the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income, do establish ...
Views:1419
( 6 votes) - Retirement Income Investing And Your Portfolio
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Submitted on Oct 07, 2008 from Steve SelengutFirst, the good news: From June 2007 through September 2008 (i.e., during the credit crisis) Income CEF payouts per share were virtually unchanged. From June 2008 through September 2008, payouts rose slightly--- 29 funds raised their payouts and 17 lowered them. Your portfolio spending money ...
Views:1603
( 2 votes) - Last Bank Standing - The Wall Street Mega-Crash
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Submitted on Oct 01, 2008 from Steve SelengutDateline Washington, October 19th (get it?) 2010: the Peoples Bank & Trust of America has now established itself as the only bank of any kind in the USA, totally owned and managed by the US House of Representatives. A 2/3 majority must now approve all investment banking transactions; your ...
Views:1845
( 1 vote) - Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley?
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Submitted on Sep 28, 2008 from Steve SelengutEvery new controversy demands a look at similar situations of the past. Just what is a bailout anyway? In the early 80's, Lee Iacocca arranged a government loan and tax concessions to bring Chrysler Corporation back from the brink of bankruptcy--- during the Carter Administration, to save you a ...
Views:1634
( 1 vote) - Stock Market Meltdown – Watching Rome Burn
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Submitted on Sep 23, 2008 from Steve SelengutBoth presidential candidates want to crucify SEC Chairman Cox for failing to control our creative financial institutions. But rumor has it that Congress specifically excluded the devilish derivatives from SEC purview. Let's fire the right bunch of "poips" for a change! Scary markets are brought ...
Views:1846
- Amazon.com Investment Book Reviews: Have You Been Brainwashed?
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Submitted on Sep 11, 2008 from Steve SelengutMost popular investment books are published for the already rich and famous, by an industry that has become just too good at the business of selling books. Rarely will a publisher take a chance with the work of an unknown author. Certainly, it's a no brainer to sell a Jim Cramer, Peter Lynch, ...
Views:1616
( 1 vote) - Retirement Income Investment Planning - Step One
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Submitted on Sep 08, 2008 from Steve SelengutYour retirement income investment plan starts now, right now, no matter how old or well heeled you happen to be. Step One is to understand what a retirement plan is, and to identify the three large numbers you need to keep track of while you are developing your stash. With these three totals on ...
Views:1979
( 1 vote)
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