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| AUTHOR:
jbarnes2 |
RANK:
m100  |
DATE:
May 15, 2003 |
PAST
RANK:     |
How many posters have a fund that has at least doubled? IE an NAV of 20 or higher? What type of investing style was used at that fund? Is it a value approach? Or was it Growth? Is the fund still above 20?
I am wondering if the style of investing has changed since this site started. In the early days I would guess that success was growth orientated and today It is probably value driven.
Thanks to anyone who answers,
Jack |
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| AUTHOR:
swalker1 |
RANK:
--- |
DATE:
May 18, 2003 |
PAST
RANK:  |
| Sorry, I can't boast a $20 NAV. On a similar strain, how many people saw a Fund hit $5 and then recovered to $10? Was the rebound achieved by sticking to the same strategy that sent the Fund to $5 in the first place or was there a complete change of strategy? |
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| AUTHOR:
fchaudhry |
RANK:
m100 |
DATE:
May 19, 2003 |
| PAST
RANK: |
| My NAV went above 20 then back down to below 18 but now is comfortably above 20. My approach has been to do my best with regard to 4 areas: market timing, sector rotation, stock picking based on fundamentals, and stock picking based on technicals. A critical assessment would be that I have done well on sector rotation and fundamentals, poorly on technicals, and adequate on market timing. I try to stick to methods and systems and learn from my mistakes. I've revamped my technical analysis and market timing systems and hopefully that will help me do well in the future. Finally before I buy a stock I ask myself "How low can this stock go?" and "What's the worst case scenario?" If I don't like the answers I don't buy. Limiting losses is something I have learned is important, and that through my experience with running a virtual fund. |
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| AUTHOR:
csmith5 |
RANK:
--- |
DATE:
May 20, 2003 |
PAST
RANK:  |
G’Day jbarnes2
My NAV is currently above 20 (approx 26)
I use company’s fundamentals 100% of the time (profit/loss, balance sheet, cashflow, etc). I don’t worry about the economy, interest rates, stock market level, consumer confidence or anything like that when making an investment (which is lucky as who would have made investments in the stockmarket if you knew that after 3 years the market would be down +30%). I just try and understand what makes the company I’m interested in tick, and then try to estimate what it will be worth in 10 years time, or if broken up today what it is worth.
One think I have leant is that I am hopeless at timing my initial investment. It is almost guaranteed that when I first purchase a stock it will decline in the short-term (often by 25 – 30%). While I don’t like this, I don’t worry too much about it as it gives me a chance to purchase more at a cheaper price (as can be seen in the 3 recent examples below). This averaging down only works if you really understand the company and have a good idea what it is really worth.
SYX
Aug 02..26,200 @ $1.97 (Original Purchase)
Oct 02…23,600 @ $1.30 (average down)
Jan 03…14,000 @ $1.43 (average down)
May 03 sold position @ approx $3.40
EBSC
Oct 02…17,900 @ $2.05 (Original Purchase)
Dec 02….8,900 @ $1.84 (average down)
Jan 03...3,900 @ $1.83 (average down)
May 03 sold position @ approx $4.00
URS
Jan 03…8,000 @ $13.62 (Original Position)
Jan 03…4,000 @ $11.05 (average down)
Feb 03…7,300 @ $8.72 (average down)
Still holding all shares current price approx $14.50
My strategy seems to work as 5 companies that I have held have either been taken over or taken private.
After you have decided which companies you like, it is then important to decide how large should the investment be, this comes down to how confident I am on my valuation of the company and the possible future gain. So if I am very confident of my valuation, and the future gain is large, I will make a large bet.
My portfolio currently holds about 15 stocks and a large cash position from selling SYX and EBSC ($600,000). Because it is so hard to find really good companies selling at a cheap prices I make big investments when I find one, my top 4 holdings make up about 45% of my fund.
If you want more info, just ask and I will go into greater detail.
Cheers Carey |
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| AUTHOR:
wildmap |
RANK:
m100 |
DATE:
May 20, 2003 |
| PAST
RANK: |
| csmith5: how can you maintain compliance with only 15 positions? I tried it with 20 but kept running into trouble with the compliance rule, so I upt it to 26. |
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| AUTHOR:
jt3641 |
RANK:
Top Quartile |
DATE:
May 20, 2003 |
| PAST
RANK: |
| What about a low of NAV = $7.94 last October and a current NAV of $13.26? |
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| AUTHOR:
dinsel |
RANK:
m100 |
DATE:
May 22, 2003 |
| PAST
RANK: |
What is the diffrence between top return and M100? This is my first time posting. My NAV is @ 16...
-Dave
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| AUTHOR:
csmith5 |
RANK:
--- |
DATE:
May 23, 2003 |
| PAST
RANK: |
Wildmap
Its not easy, my complance since inception is approx 60%.
Normally I will hold about 17-18 stocks, with the top 4 or 5 making up 44-58% of the fund, with the remainder below 4.5% of the fund.
I will often have a complance of 10-20% half way through the quarter, that is when I have to choose a stock to sell down to get back into complance for the remainder of the quarter. In theory you can go 3 months out of compliance and still qualify, ie from half way through one quarter to half way through the next quarter.
Compliance is the hardest thing for me to manage, but having a concentrated portfolio works for me, its worth the effort.
Cheers Carey
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| AUTHOR:
jbarnes2 |
RANK:
m100 |
DATE:
May 23, 2003 |
| PAST
RANK: |
dinsel,
Congrads on making the M100. A top return fund is a fund that has been officially ranked in the Top 100 for a given time period. The M100 is a fund that has been accepted as a Masters fund. A Masters fund earns real cash money for every month your a M100 member.
Jack |
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