Rule #1 Investing - Update....Day 80.

Comment

Comment by J on February 24, 2010 at 12:49pm

You made 11.9% in 80 days???

Comment by Adrian on January 19, 2010 at 6:10am

I hope that you're tracking all of this for your book ... you ARE planning a book, one day, right?

Anybody who can go from zero to hero, financially speaking, should be able to get some great exposure ... exposure = clients .... clients = hedge fund ... hedge fund = Number .... Number = Life's Purpose .... Life's Purpose = sweet! ;)

Comment by Josh on January 14, 2010 at 3:42pm

Haha, good to see your dumping those lousy munies and managing your own fund. Exciting right? still haven't read rule #1, but glad to see your having success Jeff.
Since were all updating, I'm still working in biotech (not retired yet) after a roller coster ride with DSCO, I finally got out with a 25% loss. Recently had some success with NVLT, another biotech. There about to release some phase 3 lung cancer trial results...Now I'm back to about where I was as fare as net worth.
I'll make a post when I reach the 1 million mark, ETA March 1st

Comment by Adrian on January 8, 2010 at 5:10am

Thanks for sharing (yet again), Jeff. Xmas/New Year is vacation time in Aus (it's summer here!) and I have been taking a little R&R. Sounds like you are ready to (re)write the Rule #1 Investing book ... you seem to be doing well.

@ Ill Liquidity - It's a shame that the bank charges are so high; I can see how that could put a real-damper on trading in/out ... on the other hand, you could just pick a stock with a great MOS and buy/hold for (much!) longer?

Comment by Ill liquidity on January 5, 2010 at 8:45pm

great work finding the r1 companies and getting in at MOS. my personal experience didn't work out so well yet, maybe the timing was a little off, getting in a little later after things were off the march bottom. RIMM 15-Oct-09 at $68.79 (now at $65.8). TNP 16-Nov-09 at $16.10 (now at $15.30). And EBAY 6-Nov-09 at $23.15 (now at $23.65). The numbers say RIMM has a big MOS, but the fears of market share being eroded by the iphone, droid, etc., have hurt the share price. TNP is down because they ship oil and the prices have been low (now increasing). And EBAY earnings were down with the recession/depression, but the next earnings release is Jan 20th, post Christmas, and it will be interesting to see what happens. Other issues, bank charges eat a lot of the cash because I'm trading a Self Directed RRSP account, this makes it difficult to set stops and get in and out easily ($30/side, and I don't have tons of cash to throw around, so this is a lot of friction). Keep posting what you're looking at and I'll do the same. For now I'm holding things until I'm in a position to place stops with the bank by phone... and getting myself in the near future a discount brokerage account which will have some monthly income diverted into it once some other debts are paid. Take it easy.

Comment by Scott on December 31, 2009 at 10:47am

Great work Jeff, sounds like your moving along on your plan nicely. ;) I've been busy building up my 'war chest' to use to fund businesses and snap up good real estate deals. I'm also in the process of working to acquire more and more ownership of my current main business, so war chest funds are going toward an earlier full acquisition as well. Between acquiring that business 100%, starting a new one in the next couple of years, acquiring a bit more good real estate deals and building a portfolio in the stock market, I should reach the 1 million networth mark by the age of 37 according to my plan and modest calculations, then just keep climbing from there. Keep up the good work man!