Thursday, October 28, 2010
Morningstar Investment Research
Michael Tian Editor, Morningstar Opportunistic Investor
I recently gave our readers a chance to make $200 in 5 minutes on a simple, above-board investment.
Sure, $200 isn’t a lot of money. But this “chump change” opportunity is the kind that could be a real game changer for you, with a multiplier effect that ripples through your entire portfolio (details soon). But first, here’s something else you’ll definitely want to act on:
The Morningstar Opportunistic Investor Guide to the Most and Least Promising Stocks. Get it now: free download »
True opportunity rarely screams. It whispers. Hearing it requires a trained ear, especially with so much false chatter clogging the marketplace. At Opportunistic Investor, we know how to listen. And we quietly pass along what we learn.
The Perils of the “Big Opportunity”
Perhaps nothing epitomizes the opportunity of a big payoff as much as the classic IPO. In the late 1990s IPOs jumped hundreds of percent in a single day, and everyone had an uncle or friend who got in on a Yahoo (YHOO) or an Ebay (EBAY) and retired early. But bigger is not better, unless you’re a big enough insider to secure significant allocations at the offer price. For most of us, the IPO rule of thumb is simple: stay away. Because they underperform. Massively.
You won’t find Opportunistic Investor joining the clamoring rush for every “hot” IPO that comes down the pike. But we have selected a richly rewarding few. Not because of all the shouting, but in spite of it. How? By investing if and only if we find an IPO that meets our strict criteria. Criteria that require listening a little more closely, and looking a lot more deeply.
We’re happy to share exactly what we look for in our free Investor Stock Guide. Click here for your free download.
Maximize the Opportunities Most Miss
What makes somebody an opportunistic investor?
The gumption to do what it takes to find the investment opportunities most people walk right by. We’re talking research. Nitty-gritty, nuts-and-bolts, roll-up-your-sleeves, open-the-books, run-the-numbers digging. It takes time. It takes know-how. It takes real dedication. But it’s the only way to get past the chatter to the straight story.
Sound daunting? Sure. But there’s good news. Opportunistic Investor does the legwork for you.
$200 in 5 Minutes
Ready to learn more about the extraordinary opportunity I shared with our readers recently? Here’s how it worked.
Credit Acceptance Corp (CACC), a boutique financial company specializing in lower credit quality auto loans, announced a tender offer for 4 million of its shares at $50 per share. Despite the $50 offer on the table, though, the stock was trading for only $47.50.
The reason? A massive over-subscription to the tender that caused the company to pro rate its initial offering--for fairness’ sake the company would buy only 10% of the shares each person wanted to tender and return the remaining 90% to the shareholder. That effectively knocked out profit-skimming by big arbitrageurs--the last thing they want is to be stuck with a ton of shares they can't sell--while opening up a loophole for small investors.
In most tender offers (which was also true here), if you hold an "odd lot" of stock--that is, less than 100 shares--the pro rating does not apply to you. As long as the tender offer was not withdrawn, you’d be cashed out at $50 per share.
So the trade was simple: Buy 99 shares of stock, tender them as soon as possible by calling your broker, make roughly $250 ( ($50 - $47.50) x 99). After broker fees, you’d have earned $200 for 5 minutes of work. That’s one advantages of being a small investor. You’re free to benefit from small inefficiencies in the market that large fish wouldn't bother with. Provided of course, that you can find those opportunities to begin with.
Opportunities, Action, Results
Opportunistic Investor does more than sound out uniquely rewarding investment opportunities you wouldn’t hear of anywhere else. We invest in them ourselves.
There’s no need to take our word for anything. You can see for yourself how our ideas pan out. We put them to work in a six-figure, real-money portfolio: Opportunistic Investor's Mosaic Portfolio. It’s actively adjusted to profit from new opportunities and maintain the best possible risk-reward ratio.
You’re welcome to invest, and reward yourself, right along with us.
Start finding your own rewarding opportunities today with our special report: The Morningstar Opportunistic Investor Guide to the Most and Least Promising Stocks. Download it now free »
Enjoy the guide and keep your ears open, your next great investment opportunity could be right around the corner.
Editor, Morningstar Opportunistic Investor
P.S. Free is a pretty tough price to beat: Try Opportunistic Investor at no cost and no obligation with our free 14-day trial. If you don’t gain insights that add real value to your investing during that time, simply cancel and owe us nothing.
Click here for your free, 14-day trial.
Wednesday, October 27, 2010
The Next Major Disaster Developing for Bond Holders
Robert Prechter and the folks over at Elliott Wave International have just released an urgent new report for bond holders and mutual fund investors. Prechter's report, The Next Major Disaster Developing for Bond Holders, is the first of its kind from EWI. Never before has the world's largest technical analysis firm published such extensive research and analysis on bonds for non-paying readers. This is a unique opportunity to see what Prechter's subscribers see, and protect your investments without committing to a paid subscription. Learn more about Prechter's 10-page report on the developing risks in bonds now -- it's yours for free.
Invested In Mutual Funds and or Bonds?
If you have money in mutual funds, Treasury bonds, municipal bonds or high-yield bonds, Robert Prechter has just issued a crystal-clear warning for you: Your money could be at risk.
Prechter, the famed market forecaster who specializes in Elliott wave analysis, sent similar warnings about the Nasdaq in 2000, real estate in 2006, the blue chips in 2007 and commodities in 2008. His forecasts proved deadly accurate.
In trademark fashion, Prechter now has his readers focused on something most mainstream investors, analysts and advisors are taking for granted: the safety and stability of the bond market.
Not Worried? Think Again
Why worry about the safety of bonds, you ask? A recent USA Today article reported that investors put a "record-shattering" net $376 billion into bond mutual funds in 2009, and individual investors and mutual funds are "still showing the love" in 2010.
After such explosive growth, Prechter says bond investors have been pushed to the edge of a mile-high cliff. Millions of investors are just one step away from tumbling over the edge.
Protect Yourself Now - Chance Favors the Prepared Mind
If your hard-earned savings are exposed to the developing risks in these markets, you owe it to yourself to heed Prechter's urgent warning.
Click here to Download Your Free Copy of Robert Prechter's new 10-page report, The Next Major Disaster Developing for Bond Holders.
Tuesday, October 26, 2010
Enrollment CLOSES on 10/26/10 @ 11:59pm EST
The December Dollar was slightly higher due to short covering overnight but remains below the 10-day moving average. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above last Wednesday's high crossing at 78.61 are needed to confirm that a short-term low has been posted. If December renews this summer's decline, the 87% retracement level of the 2009-2010-rally on the weekly continuation chart crossing at 76.07 is the next downside target. First resistance is last Wednesday's high crossing at 78.61. Second resistance is the reaction high crossing at 78.90. First support is last Friday's low crossing at 75.85. Second support is the November 2009 low on the weekly continuation chart crossing at 74.21.
The December Euro was lower overnight but remains above the 20-day moving average crossing at 138.740. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Multiple closes below last Wednesday's low crossing at 136.880 would confirm that a short-term top has been posted. If December renews the rally off August's low, the 75% retracement level of the November-June decline crossing at 142.952 is the next upside target. First resistance is the reaction high crossing at 141.560. Second resistance is the 75% retracement level of the November-June decline crossing at 142.952. First support is last Wednesday's low crossing at 136.880. Second support is the reaction low crossing at 133.770.
The December British Pound was sharply higher overnight and is trading above the 20-day moving average. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.5833 would confirm that a short-term low has been posted. If June resumes this month's decline, September's low crossing at 1.5284 is the next downside target. First resistance is the overnight high crossing at 1.5891. Second resistance is this month's high crossing at 1.6100. First support is last Wednesday's low crossing at 1.5641. Second support is the reaction low crossing at 1.5494.
The December Swiss Franc was lower overnight as it consolidates below the 20-day moving average crossing at .10351. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends last Friday's decline, the 25% retracement level of the May-October rally crossing at .10094 is the next downside target. Closes above the 10-day moving average crossing at .10369 would temper the bearish outlook. First resistance is the 10-day moving average crossing at .10369. Second resistance is this month's high crossing at .10572. First support is last Friday's low crossing at .10202. Second support is the 25% retracement level of the May-October rally crossing at .10094.
The December Canadian Dollar was lower overnight as it consolidates some of Monday's rally. However, stochastics and the RSI are turning bullish signaling that a short-term low might be in or is near. Closes above the 10-day moving average crossing at 98.02 would temper the bearish outlook. If December extends the decline off last week's high, the 62% retracement level of the August-October rally crossing at 96.02 is the next downside target. First resistance is the 10-day moving average high crossing at 98.02. Second resistance is this month's high crossing at 100.05. First support is last Tuesday's low crossing at 96.25. Second support is the 62% retracement level of the August-October rally crossing at 96.02.
The December Japanese Yen was lower due to profit taking overnight as it consolidates some of Monday's rally. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .12193 would confirm that a short-term top has been posted. If December extends this year's rally into uncharted territory, upside targets will be hard to project. First resistance is Monday's high crossing at .12442. First support is the 10-day moving average crossing at .12303. Second support is the 20-day moving average crossing at .12193.
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Monday, October 25, 2010
Trying To Avoid Currency Devaluation They Say
First my stock trade for this week is a short sell on Chesapeake Energy, even though it looks for now like equities may continue up, and the dollar down. I’m betting on continued downtrend that Chesapeake has been in for over a year now. In case of a reversal, stick to stop loss and in case of profit use money management stops to lock in and book your profits. See below for more information on that. Now more on the recent G20 meeting in Korea last weekend.
The G20 group of global finance ministers and central bank governors promised to avoid weakening currencies more to lift exports and decided to wait for another G20 meeting next month to choose whether to put further pressure on member China to allow a faster price rise in the Chinese Yuan.
They’re trying to calm fears of a global trade war resulting from using cheaper currencies to spark growth, and reduce the current trade imbalances present between countries right now. The meeting failed to give a signal to a reversal of weakness of the US Dollar to try to give some strength the green-back.
What will the Federal Reserve do in its next meeting that will give direction to equities and the USD? More quantitative easing stimulating the economy and stocks, and depreciating the US Dollar more? Or will the market disregard further QE, and pull a reversal?
I suggest the existing trend of dollar down, and equities grinding slowly up some more is still intact for now. I can’t see anything that’s going to stop people from continuing selling dollars for now, but with the US Dollar in extreme oversold territory there could be a reversal coming.
My Stock Pick This Week
Is what you might say is a contrarian equity short sell on Chesapeak Energy to an otherwise current uptrend in the broad market right now. With the market leading financials not looking so good last week, this could possibly be signaling the future direction for the market.
Energy prices have been up lately and Chesapeake has received a lot of new investment money from China for their shale-gas projects. Will this help Chesapeake in the near term? I doubt it. The Gulf of Mexico drilling moratorium did some collateral damage to Chesapeake’s balance sheet causing them to sell parts of their oil and gas plays in an attempt to raise more cash and become more financially stable.
CNOOC China has invested about a $1 billion minority stake in a joint venture in Chesapeake’s Eagle Ford shale-gas project in Texas. CNOOC is China’s third largest oil company, and Chesapeake is also bringing in more Chinese investment into its large Marcellus Shale project in Pennsylvania. China National Offshore Oil is investing in about $2 billion in Chesapeake which is currently the largest China USA oil and gas deal to date.
China wants to develop its shale-gas extraction program to reduce its carbon foot-print which they are not an expert in and Chesapeake is as it’s the pioneer of the industry. Shale-gas is currently almost 20% of US gas production right now. In the years to come, that should increase exponentially. Experts are expected a rise in Chesapeake shares with all this “good news”.
In my opinion, Chesapeake needs some financial assistance to their balance sheet right now and their current downtrend in stock price still looks intact. This looks to me right now as a low-risk high-reward short sell, and buy back later on if and when they get the balance sheet back to financial good health.
Sell Short Chesapeake Energy – Ticker CHK
Sell Entry: 22.00 to 21.00
Take Profit Areas: Anything down to 15.00.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company focuses on discovering, acquiring, and developing conventional and unconventional natural gas reserves onshore in the United States, primarily in its six natural gas shale plays: the Barnett Shale in the Fort Worth Basin of north-central Texas; the Haynesville and Bossier Shales in the Ark-La-Tex area of northwestern Louisiana and east Texas; the Fayetteville Shale in the Arkoma Basin of central Arkansas; the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania; and New York and the Eagle Ford Shale in south Texas. It also has operations in the Granite Wash Plays of western Oklahoma and the Texas Panhandle regions, as well as various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, south Texas, Texas Gulf Coast and Ark-La-Tex regions. As of December 31, 2009, the company owned interests in approximately 44,100 productive wells; and had proved reserves of 14.254 (22,900 net) trillion cubic feet of natural gas equivalent. The company was founded in 1989 and is based in Oklahoma City, Oklahoma.
Click here to review different investing trading software that scans analyzes stocks for different technical criteria, and low-risk high-reward trade pattern setups.
Click the Chesapeake Energy stock chart below for a larger view.
Thursday, October 21, 2010
New US Financial Reform and Its Forex Regulation Effects
There have been many questions about the upcoming regulation changes and how they will impact your forex account, your forex broker and 'introducer' relationship now that the introduction of the new NFA regulations on October 18th 2010 are in effect which are in response to the Frank Dodd financial reform bill.
How Will The New US Forex Rules Affect You?
Some forex brokerage firms will repatriate US clients to their US branch, forcing US clients trading with these firms to hold their accounts at the US firm. For example, US based clients of FXCM UK were transferred to FXCM US on October 15th.
Some brokerage firms will cease accepting US clients and close all US accounts and others will cease accepting US accounts and transfer the accounts to a different broker. For US clients who have faced account closure or transfer and do not wish to remain at an onshore US broker, we have the following suggestion.
Forex Account Protection or Restriction?
Its obvious the new USA forex trading regulations now are a forced effect on US fx clients on the amount of leverage thats allowed to be used, and the no longer allowed use of hedging. Does this protect you or restrict you as a global currency trader? I'll let you decide that question for yourself as there many things to consider when opening an fx account.
I would suggest it will restrict US based clients from trading on a level field in the global forex market. Trading forex offshore still allows you leverage from 1:1 to 1:500 in most cases, and allows you to hedge and or lock by buying and selling the same currency pair at the same time.
What is this new financial reform bill actually doing? Is it to protect US clients or is it to help save the US financial system? Or other? I'll let you do your homework to be the judge.
Forex Brokers List and the New US Forex Regulations
Study the list below to view the brokerage firms that will continue to accept and not accept US clients.
We recommend InstaForex Standard & ECN, FXCBS ECN, and AVAFX. You can download free demos by clicking their links to review their interbank pricing, spreads, and service.
1. Instaforex: Will continue to accept US clients.
2. FXCBS ECN: Will continue to accept US clients.
3. AVAFX: No changes, does not accept US clients.
4. E Forex: Will maintain existing US clients but will not take new US clients after October 18th.
5. Tadawul FX: Will continue to accept US clients.
6. Alpari UK: No changes, does not accept US clients.
7. FXDD: All US clients will be moved to the NY, USA branch and leverage will be changed to 1:50.
8. FXCM UK: All US clients will be moved to FXCM US and leverage will be changed to 1:50.
9. MB Trading: Leverage will be changed to 1:50.
10. Go Markets: All US clients were forced to close their account on October 18th.
11. FX Pro: No changes, does not accept US clients.
12. Dukascopy: Will continue to accept US clients.
13. Nord Markets: Will not accept US clients.
14. Marketiva: Will continue to accept US clients.
15. Gallant FX: All US clients will be moved to Gain Capital and leverage will be changed to 1:50.
16. IamFx: All US clients will be moved to Gain Capital and leverage will be changed to 1:50.
17. Forex Yard: Will not accept US clients.
18. FX Solutions UK: All US clients will be moved to FX Solutions US and leverage will be changed to 1:50.
19. FX Open: Will continue to accept US clients.
Click here for more forex information and resources.
Good day, and good fx trading!
Tuesday, October 19, 2010
The Forex Profit Multiplier is LIVE!
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Make sure you watch the ENTIRE presentation on that page -- it reveals some BRAND NEW, SURPRISE EXTRAS you're going to get when you enroll in the program today.
I've been following Bill Poulos for some time, and I can say without hesitation that the Forex Profit Multiplier is his HIGHEST VALUE trading program he's ever released.
It's so good, that I think he might end up doubling the price, so if you're ready to add on another safe, predictable income stream with Forex, go and get this NOW:
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Enroll today and you'll get to INSTANTLY DOWNLOAD Bill's trade alert software that he showcased to you last week on the videos.
Monday, October 18, 2010
By Bill Wilton of Zacks Investment Research
Investors are drawn to companies with small capitalizations, and I am no exception. While there are numerous reasons I enjoy researching these lesser-known stocks, the biggest is the potential to outperform the market.
Very few large caps are going to post sharp gains in a short period of time, but isn't that the best feeling when you are looking at your portfolio for the day? However, with the lure of excess gains comes additional risk. After all, there is no such thing as a free lunch.
So, what sets good stocks apart from the bad in the small cap arena? How can you mitigate the risk, but still collect the returns? And what are some of the differences in researching these companies compared to larger caps? I'll share the answers with you below.
A Needle in a Haystack
There are literally thousands of small cap stocks out there. Sifting through all the bad tickers to find a gem can be like finding a needle in a haystack. The first thing you need to do when trying to find the next winner is get yourself a smaller haystack. By using a few guidelines you can whittle the endless list of companies down to a manageable few. For me that process always starts with earnings.
First things first. If the earnings picture is not good, then why look any further? The Zacks Rank provides the best way to evaluate the quality of the earnings outlook for a company. This is important for reviewing all stocks, but especially small caps.
Investors also want to find stocks with explosive growth potential. Too often they disregard stocks that don't have year-over-year earnings growth. Earnings momentum, or a rising consensus estimate, is much more important that the nominal growth rate.
So, do not skip over the shares with little or no year-over-year growth, they may have incredible EPS momentum going forward. The Zacks Rank is great at picking up these trends as well.
Be a Penny Pincher
Valuations seem to be a concept lost on many small cap investors. I am not saying that everyone ignores the P/E for these stocks, but you have to look a lot further than that.
Imagine a 50% decrease in earnings. Sounds horrible right? But with a small cap company that might only mean that EPS dropped from 2 cents to 1 cent. However, that same company's sales may be unchanged, or even improving.
Price-to-sales is one of the best valuation metrics for smaller companies, especially in cyclical industries. Earnings can be extremely volatile and unreliable, given the liberty in some accounting practices. So look beyond your father's P/E ratio and dig deeper to find value.
Who? What? Where? When?
Given the attributes above, which can easily be handled in seconds by a stock screener, you should now be looking at a much smaller list of stocks. Now it's time to roll up our sleeves and dig in.
Finding out what is behind that ticker is one of the most interesting parts of investing. Who are they? What do they do? Where do they do it? Making sure a company can justify those growth projections is of the utmost importance. Just ask anyone who thought Crocs was going to continue to grow exponentially once the fad was over.
Finding out where a company operates is another big factor. The BRIC countries (Brazil, Russia, India, China) are very hot, and for good reason. If you can find a stock in an economy that is taking off, you have just significantly increased your chances of success.
A Contingency Plan
Even the best laid plans have a chance of ending in disaster. Small cap stocks climb fast and fall even faster, so make sure you put in a stop-loss.
Some will choose an arbitrary percentage based on their threshold for pain. Others look at charts to find failed support levels or other indicators. Whichever you choose, put them in and follow them.
We tend to fall in love with stocks and allow emotion to get in the way of our trading profits. Avoid this common pitfall by setting and following stops.
An Easy Path to the Best Small Cap Stocks
You will find most of the resources needed to analyze small cap stocks on Zacks.com and other investment websites. However, it will still require many hours of work each month to help pick the best stocks. So let me suggest an easier way.
Click here for a Free Trial of Zacks Investment Research
Tuesday, October 12, 2010
Click Here for the Video
For the past year, one of the Forex trading community's most seasoned trading "veterans" has been working diligently in his "trading lab" trying to solve the #1 request his Forex trading students from all around the world have been asking him for:
* "How can I make MORE money in LESS time, even if I'm not a technical Forex 'geek'?"
To do this properly, he had 2 big challenges:
1. How to shorten the time needed to actively find & manage the highest probability, lowest risk trades...
2. How to give you total control to manage these trades to completion, so your portfolio is protected at all times...
After a LOT of research and testing, he's finally ready to show you what he came up with -- a way to MULTIPLY your profit potential in these highly lucrative markets in 60 seconds or less of active trading -- so he recorded a brand new presentation that reveals his discovery here:
The $20,000 Secret Weapon
The "secret weapon" behind his discovery is a custom piece of intelligent software that he paid over $20,000 to develop that can predict with a high level of accuracy which way any of the 6 major Forex pairs are headed in the next 8 hours...
It does all the "hard work" of finding the best trade setups, saving you hours of analysis . . . but then gives you total control to place and manage the trades
yourself so your portfolio is always shielded from risk.
And from what I've seen, no one is trading like this (yet) . . .
No, it's NOT a "robot" . . . it's NOT an "expert advisor" . . . it's NOT even a "plug-in" . . .
It's a complete, step-by-step approach to trading that's probably unlike anything you've seen before.
He reveals it all in his new trading lab discovery presentation here:
It's awesome, and it's something anyone can do, regardless of your experience. Plus, it easily fits into your busy schedule because you really only need 60 seconds here and there throughout the day to place and manage your trades.
This presentation will only be online for a short time in order to get your feedback on this discovery, so if any of this interests you, make sure you watch it here ASAP:
Monday, October 11, 2010
This week I’ve got a buy and sell in the recreational vehicle industry.
"I'm goin' home
And when I wanna go home
I'm goin' mobile
Well, I'm gonna find a home
on wheels, see how it feels
Keep me movin'"
An RV is the ultimate in land-based four-wheel long-term travel-trip comfort. Now the tow behind mobile home has top demand for going mobile. Think about that for a minute. Why is that so? Read more below . . .
RV manufacturer’s deliveries to dealers crashed 2008 and 2009 with the real estate and stock market. RV deliveries this year have rebounded pretty good since then, but are still well below the peak in 2006 by almost 60%. Higher priced motor homes in 2006 made about 14 percent of all recreational vehicles manufactured. That share decreased to less than 10 percent currently.
RV Deliveries Rebounded Because of the Banks Not Demand
The modest rebound is more attributed to banks loaning out again on RV’s, not a big pickup in demand from consumers. Maybe they see more people living in RV’s and mobile homes while the real estate market still works through the foreclosures and over-built inventory?
Going Towable Mobile
Demand for RV’s rose last quarter by about 10% with towable RV’s increasing to almost 20%. Are these figures possibly indicating that people in transition are buying towable mobile homes to go find a new life in a new place in a new job? You lose your job, and you lose your house? You buy a towable RV, pack your stuff in it, and go? Park the towable RV, then go look for a new job, and a new life? If so, will this trend continue?
My Stock Picks This Week
Buy on Thor Industries – Ticker THO, and a sell on Winebago Industries – Ticker WGO. Thor makes a full multi-line of RV's and is now paying out $0.10 a share dividend to its investors every three months, which is a big 43% payout increase. That's a significant move, and Thor's largest competitor Winebago doesn’t even pay a dividend at all.
Winnebago Industries Announces Fourth Quarter and Fiscal 2010 Financial Results Conference Call to Be Held on October 14, 2010
Sell Winebago Industries – Ticker WGO
Sell Entry: 10.96 to 10.26
Take Profit Areas: 8.34 to 8.04, 7.71 to 7.42,
Winnebago Company Profile
Winnebago Industries, Inc. manufactures motor homes, which are self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. It manufactures conventional motor homes constructed directly on medium-duty and heavy-duty truck chassis, as well as mini motor homes built on van-type chassis with gas and diesel engines. The company’s motor homes provide living accommodations for approximately seven persons and include kitchen, dining, sleeping, and bath areas, as well as a lounge; and optional equipment accessories, such as generators, home theater systems, king-size beds, leather upholstery, and interior equipment. Winnebago Industries also manufactures and sells original equipment manufacturing parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. It markets its motor homes through independent dealers under the Winnebago, Itasca, and ERA brand names in the United States and Canada. The company was founded in 1958 and is headquartered in Forest City, Iowa.
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Click the Winebago Industries stock chart below for a larger view.
Friday, October 08, 2010
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What you'll Learn:
How to read the market
Learn to use The Big Picture in IBD to spot key market trends
See why you must always stay in sync with the general market
See which industry groups institutional investors are buying and selling—and how that affects your returns
How to Buy the Best Stocks at the Right Time
Track the 7 traits of all great stocks to identify potential winners
Learn how to use the screening tools in IBD and Investors.com to identify leading stocks — and avoid the laggards
Discover 3 common chart patterns that precede most major price moves
Help improve your returns by buying only the top fundamental and technical leaders in the top industry groups
When to Sell to Protect Your Profits
Discover a proven sell rule that lets you be wrong on 3 out of 4 purchases and still protect your capital
Avoid "freezing" at key decision-making points by using fact-based rules instead of emotions
Help protect your portfolio using stock charts to spot red flags early
CAN SLIM Instructors
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Investor's Business Daily
Investor's Business Daily
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Thursday, October 07, 2010
Trend Following Introduction
What is trend following trading? Original Turtle Trader Dr Van Tharp offers:
"Let's break down the term 'trend following' into its components. The first part is 'trend.' Every trader needs a trend to make money. If you think about it, no matter what the technique, if there is not a trend after you buy, then you will not be able to sell at higher prices ... 'following' is the next part of the term. We use this word because trend followers always wait for the trend to shift first, then 'follow' it."
Trend trading is reactive by nature. It does not forecast or predict markets or price levels. Prediction is impossible! Trend trading demands self-discipline to follow precise rules (no guessing or wild emotions). It involves a risk management system that uses current market price, the equity level in your account and current market volatility. Trend traders use an initial risk rule that determines position size at the time of entry. This means you know exactly how much to buy or sell based on how much money you have. Changes in price may lead to a gradual reduction or increase of your initial trade. On the other hand, adverse price movements may lead to an exit for your entire trade. Historically, A trend trader's average profit per trade is significantly higher than the average loss per trade.
Trend trading is not a Holy Grail. It is not a passing fad or hyped-up secret black box either. Beyond mere rules, the human element is core. It takes discipline and emotional control to stick with trend trading through inevitable market ups and downs. Trend following seeks to capture the majority of a market trend, up or down, for profit. It aims for huge profits in all major asset classes -- stocks, ETFs, LEAPS® options, bonds, currencies, futures and commodities.
Think of it this way: trend following is the only strategy that you could trade on a desert island. As long as you have market data each day, everything else is useless (i.e. CNBC, news, fundamentals, broker opinions, talking heads, etc.) for making the big money. Keep that thought in mind as you read on.
Backstory (from Michael Covel)
When the first edition of my book 'Trend Following' hit the streets I had hoped to assemble the first comprehensive look at trend following trading. That goal was realized. How did I know? Since the first edition of 'Trend Following', I have met literally dozens of trend following traders managing collectively billions. Their feedback is validation. I never could have expected that a then obscure book would lead me to the likes of Nobel Prize winner Harry Markowitz and hedge fund managers Boone Pickens and David Harding, but it did.
Validation aside, October and November 2008 were the most historic market months since the Great Depression. Most people, most mutual funds, and most hedge funds lost huge. It has long been said that "genius is leverage in a rising market," and when the bubble popped in 2008 people positioned as genius weren't smart after all. While the rest of the world was creamed in 2008, trend followers made fortunes. Performance numbers for top trend following traders for October 2008 alone ranged from +5 percent to +40 percent. Making that much in one month when the rest of the world was losing big time was noteworthy to say the least.
However, uncertainty is the new norm, not a rare event. Consider a recent Wall Street Journal excerpt:
"For many investors, the market's turbulence hasn't just destroyed wealth. It has shattered their faith in the financial system itself. Consider Philip Eberlin, 56 years old, who runs a woodwork-restoration business in Chicago Heights, Ill. Trading hot stocks a decade ago, Mr. Eberlin got burned on picks like Krispy Kreme and Tyco. In 2007 he got back into stocks, only to take another hit. "Having been burned twice in 10 years," says Mr. Eberlin, he now has about 80% of his family's assets "protected from the market" in certificates of deposit and fixed annuities. "I don't have trust in Wall Street to help the small investor in any way, shape or form." Mr. Eberlin isn't alone. Late last year, Decision Research of Eugene, Ore., asked Americans how much they trusted bankers and other Wall Street leaders "to reduce the risk of the financial challenges the country is facing now." On a scale of 1 to 5, with 1 meaning no trust at all, the rating averaged a paltry 1.7."
Forget stock markets only going up. When the Fed rigs rates to boost stocks to unsustainable levels, bubbles, bubbles and more popped bubbles are normal. So can you really stomach your advisor telling you to, 'just hang in there'? Mutual fund managers and financial advisors charge huge management fees and deliver no return. Let's face it, mutual funds' buy and hold (hope) scheme will leave you underwater 20 years from now just like Japan. Guaranteed. Even during the bull market 90% of mutual fund managers failed. A child guessing could have beaten the overpaid suits. It is nonsense to stick with a broker, or any other sort of 'professional' who just takes your money.
The Start (from Michael Covel)
Sixteen years ago I had a life-changing experience. It eventually led to the creation of the now famous site TurtleTrader.com, the bestselling trading books 'Trend Following' and 'The Complete TurtleTrader' and the only honest film documentary to cover the decade's economic storm (titled 'Broke'). However, it did not start that way. It started with me as a political science graduate on the outside looking in. My path led to an MBA, which provided zilch in the way of moneymaking answers. Then something changed. A chance event lead to a unique discovery. What was that? The big winners use trend following to make up and down across all markets. They don't buy and hold. However, let's face it many people view making money wrong. They make horrible assumptions when asking these questions:
* Do winning traders all have some special talent?
* Do they have a special inborn gene or divine gift?
* Do they have the innate talent of a child prodigy?
* Do they have some inside knowledge?
* Do they have the ability to predict markets?
* Do they always have a degree in finance or MBA?
* Do they have huge starting capital?
There is one answer and it's the same answer: No. The reality of big money trading is far simpler. In my communications with great traders certain truths have been revealed:
* Innate talent is overrated. There is no magical talent that made the Turtles, for example, successful.
* Intense practice and persistence over and over again is the reason great traders make millions, not I.Q. In fact, E.Q. is more important.
* It is no coincidence that many top traders have their roots in the trading incubator Commodities Corporation. Richard Dennis, a subject of my second book, also proved how important coaching is to long-term success.
Successful coaching is not about motivational speeches, but rather delivering specific corrections at key times to let Aha! moments happen. However, you have to make mistakes to learn. The act of failing and fixing is when the learning magic happens. Repeating that process over and over again is when real human talent reveals itself. What stops us? We live in a world of instant gratification. We multitask. We watch Kim Kardashian's reality show. We sit on the Internet and our iPhone at the same time. Everything is now. Faster. Easier. There is no patience.
For great trend following traders it doesn't work that way. Patience is a necessity. LTCM, Amaranth, Enron, the Dot Com bubble, Bear Stearns, Lehman Brothers, AIG, Fannie Mae, Washington Mutual and the Bernard Madoff swindle are great examples of what can happen when you have no plan. Frankly, the demise of these entities should cause every investor to immediately dump their mutual funds, turn off the financial news and fire their brokers. Do that and there is hope.
However, forget get-rich-quick schemes. You will have to put in the work, time and dedication. How can we help you to make the big money? We modeled the trading methods and behaviors of great trend following traders in our trading systems.
That modeling has enabled us to teach their moneymaking techniques and behaviors with unparralleled results. These are trading methods that regardless of your gender, race, religion, or financial status create lasting results. The right trend trading behaviors can easily be installed into investors just like a software installation. And we have a 14-year track record of successful "installations." We've spent years painstakingly creating the most powerful trend following training available. We went behind the 'Wizard of Oz' curtain to learn directly from the trend following winners, in turn saving our clients money and years in research. Yet how do you prevent failure before you begin?
Everyone learns differently and our individual support allows you to connect with our support team at your trading level. All successful entrepreneurs, traders, executives and athletes have coaches and mentors. No trading method is beyond the comprehension of the average investor or trader, but the right coaching is pivotal. If you have a deep desire to make money and the ability to follow a proven, step-by-step system, you have a chance. So what is a trend following system?
A system is simply an idea. It's a trading idea for making buy and sell decisions in any market. A trader takes an idea, turns it into a mathematical formula and trades it to make money. A good trading system doesn't buy low or sell high; it rides trends. Great trend followers' success comes from the discipline to follow their rules no matter what. Our trend following trading systems answer the 5 critical questions:
* What market do you buy or sell at any time?
* How much of a market do you buy or sell at any time?
* When do you buy or sell a market?
* When do you get out of a losing position?
* When do you get out of a winning position?
How much money can be made as a trend follower? Fortunes have been made. John W. Henry, who bought The Boston Red Sox baseball team as but one example, made his $700 million to buy the team as a trend following trader. What are performance number examples over the decades? The returns are huge.
To make the big money you need a plan for all contingencies in all types of markets. When the unimaginable occurs, when the randomness and uncertainty of life kicks in (like our all too frequent market crashes), systematic trend traders remain calm. They know when to buy, sell, or adjust their positions -- before the chaos ever hits. You can apply our proprietary trend following rules in markets around the world from currencies to gold to silver to oil to stocks. How can one trading system trade all markets? People think that you need to know everything about a stock. You must guess what Apple is really doing. You must know crop report details. You must know gold mining. You must know about OPEC. All false. Consider this excerpt from my book "The Complete TurtleTrader":
"Tom Willis had learned long ago from Dennis why price, the philosophical underpinning of Donchian's rule, was the only true metric to trust. He said, "Everything known is reflected in the price. I could never hope to compete with Cargill [today the world's second-largest private corporation, with $70 billion in revenues for 2005], who has soybean agents scouring the globe knowing everything there is to know about soybeans and funneling the information up to their trading headquarters." Willis added [when talking about trend followers], "They don't know anything about bonds. They don't know anything about the currencies. I don't either, but I've made a lot of money trading them. They're just numbers. Corn is a little different than bonds, but not different enough that I'd have to trade them differently. Some of these guys I read about have a different system for each [market]. That's absurd. We're trading mob psychology. We're not trading corn, soybeans, or S&P's. We're trading numbers."
We don't teach fundamentals, predictions or value investing. Warren Buffett? Give us a break. If there was no government bailout, Buffett was out of business. At the end of the day there are no secrets or insider information needed to make the big money. There is only priceless information you don't yet have:
* We show how to trade for out-sized absolute returns on all markets.
* We teach how to be ready for markets to go up, down or sideways.
* No 'educated guesses' about what to do or chart reading.
* Think probabilities, not hunches.
* Fundamental factors are irrelevant.
* Many of the things you might think matter most matter least.
* You will go broke trying to trade with your 'gut'.
* Winners know how much they can lose at all times.
* Losers mistakenly dream about how much they can win.
You don't have to risk trading capital until you are 100% comfortable. You can back test or paper trade for as long as you need before investing real money. Our guarantee is solid. Our training includes everything you need to get up and going as a systematic trend following trader. You will learn:
* Proprietary and proven winning systems with clear examples.
* How to enter either on the long or short side at the right time.
* Where to place your stops to exit with a profit or a loss.
* How to use today's trading action for your next day signals.
* Learn trend following systems that trade all markets the same. No jargon, no secrets, no technical language. Just clear and comprehensive explanations of exactly what you need.
* Read our FAQs.
San Diego, Jakarta, Singapore, London, South Africa, etc. -- the internet allows us to teach clients globally and you will be learning from a firm that has been on the 'inside' for over a decade. That access is unobtainable elsewhere. If you want to know how great trend following traders make their decisions, what rules they use for buying and selling, how they control risk and use it to make millions, we have assembled the most profitable, unique and proprietary trading systems available all from winners.
A trend following trading education is far less expensive than losing a fortune with zero plan. How much does our trading education cost? Consider it an investment in your future wealth. Bottom line, at the end of the day it comes down to one issue: making money. We can help you to exponentially increase your returns. Listen to our clients.
Click here for a free trend trading DVD.
Click here for more trend trading information and resources.
Wednesday, October 06, 2010
What Really Caused the Flash Crash?
U.S. CFTC regulators say they've found the cause of May 6's infamous "flash crash." The blame for the near 1000-point drop has been pinned on every possible scapegoat, including the Gulf oil spill, the Greek debt crisis and a so-called fat finger glitch, and now the CFTC says that the automated sale of stock futures without regard to price and “hot potato” trading by computer-driven firms is what briefly created an illusion of liquidity helped trigger the crash, turning an orderly sell-off into an $862 billion rout as buy orders evaporated, but what is the real cause of this enormous anomaly?
That raises the question: Was it really an anomaly? If so, the DJIA price chart should look vastly different from the price chart of another index -- say, Great Britain's FTSE 100 -- shouldn't it?
When you check out the price action of the DJIA and FTSE, though, you can see that they look almost identical. In fact, the FTSE's three-day, 6% plunge was completed by the time the European indexes closed on May 6 -- just hours before the U.S. flash crash.
So, if the U.S. flash crash is not an anomaly, what's the reason behind the sudden drops in the FTSE and DJIA? Elliott Wave European Financial Forecast editor Brian Whitmer gives this answer in the June 2010 issue:
"There is no reason, because reason does not move markets higher and lower; emotion does. On the way up, nobody questions this fact. Sellers simply evaporate, and markets springboard higher week after week with nary a sideways glance from authorities. The same dynamic is at work on the way down, but now it's the buyers who vanish. And only at this point do regulators deem the market 'irrational.'"
In other words, U.S. regulators aren't likely to find a reason behind the flash crash -- because investors' emotions were the true cause. And who wants that to go into a report?
We aren't government bureaucrats, though, so we can give you the straight information that you need to decide for yourself how to handle your personal finances -- particularly if you are interested in an unconventional point of view about the USA and European markets.
Click here for the Elliott Wave Financial Forecast
Click Here for more Emini Futures Trading Resources
Tuesday, October 05, 2010
Click here for a Free Trial of Zacks Investment Research
The Stock Market: Now What? By Zacks Investment Research
Why does the market always seem to be at a crossroads? Especially this year?
Oh yeah -- we just came off one of the worst bear markets in history in 2008 (second only to the Great Depression) and then we followed it with one of the most powerful one-year rallies on record in 2009.
2010 has so far been a year of indecision for the market as it's currently up only a few percent from where the year began. And it has crossed above and below that threshold no less than 11 times in only 10 months of trading.
Each time it went down, it looked like the end of the world was starting all over again. And each time it came back, the market grew with excitement.
Now we're back on the plus side -- up about 3.9% from where the year began, but off about 3.8% from the highs of the year.
But this time it looks like the market will finally make up its mind and pick a direction.
Head and Shoulders
Isn't that a head and shoulders pattern on the market?
Yes it is.
And typically, a head and shoulders pattern can signal a market top.
HOWEVER, there are times when a head and shoulders pattern can produce a powerful upside breakout as well. In fact, this is literally one of the most potentially explosive upside signals out there.
Why do I think it could lead to an upside breakout this time?
1) A bearish signal comes when the market breaks through the neckline of the pattern. The market attempted that just a few months ago but was quickly bid back up as those lower prices were rejected.
2) A bullish signal comes when the market trades up through the descending trendline from the head to the right shoulder (which we've just seen in the last few weeks). Additionally, it has crossed the horizontal plane drawn from the highs of the left shoulder.
3) And this move has also taken out the longer-term trendline that can be drawn from the top in 2007 to the highs earlier this year.
Dow Jones Industrial Average
What does all of this mumbo-jumbo mean?
It means the stage could be set for an explosive upside rally.
Unemployment is still pretty high. And growth has slowed.
But even when the double-dippers were at their loudest, the market still kept itself together. An encouraging sign.
Now couple this with literally record corporate profits of $1.383 trillion dollars (as reported on Thursday, 9/30/10) and corporate growth rates expected to grow even more in 2011 and things start getting interesting.
And let's not forget about history. In looking at the top 10 worst bear markets and their subsequent rebounds, year 1 returns averaged 55.62%. By year 3, the returns averaged 77.56%. And by year 5, the returns averaged 103.41%.
2011 marks the beginning of year 3 for this recent rebound, and with it the potential for even more gains based on this historical perspective.
Of course, we don't want to get ahead of ourselves. There are still plenty of problems out there.
But as the saying goes, 'the market climbs a wall of worry and slides down a slope of hope'. There's a sufficiently large enough wall of worry to climb at present. And on the other side is opportunity.
This is what the charts are telling us. (Who knew charts could be so talkative.) And this is what the fundamentals and history are suggesting as well.
Will the market listen? We'll soon find out. But one thing is certain, there are plenty of stocks making their own rebounds and breakouts and you can get positioned in these right now. Take heed of which chart patterns are taking shape and what they mean, and you could be riding the next big move in the market.
To get started profiting with charts, you may want to check out our Chart Patterns Trader service. Follow along as we apply all of the principles above and select the best chart pattern stocks. Both bullish and bearish. Feel what it's like to be in on the right side of a breakout and gain a level of confidence in your trading that you may never have experienced before.
There's no better time to look into this than now, just as the market is poised for a major move.
Click here for a Free Trial of Zacks Investment Research
Monday, October 04, 2010
Click here for a Free Trial of Bob Precther's Elliott Wave Theorist
I don't have a stock pick this week as I normally do, but to say I have a short bias. The market near term looks like it might break out to the upside possibly. If it does I suggest the breakout won't stick, and this would be an excellent time to initiate new low-risk high-reward short sell positions.
In the meantime, review this below to get ready for a very possible large market sell-off in my opinion.
Don't Be the Mark in an Age-Old Confidence Game – How Long Until It's Exposed?
As always, wave 2 will exhaust the "last vestiges of self-destructive hope." But, says Robert Prechter, it can also last longer than most bears can hold out.
In his just-published September 2010 Elliott Wave Theorist, Robert Prechter delivers this essential message to his readers:
As wave 2 continues to percolate optimism back into the market, Elliott-minded investors – even those nimble enough to trade the high-risk countertrend moves – anticipate the coming powerful reversal.
In chapter 2 of the classic reference book Elliott Wave Principle – Key to Market Behavior, authors Prechter and Frost lay out the personalities of each wave in the 5-3, impulse-to-correction sequence. The description for wave 2 is as follows (inversed for a bear market):
Second waves often retrace so much of wave one that most of the [losses accrued] up to that time are [regained] by the time it ends. ... At this point, investors are thoroughly convinced that the [bull] market is back to stay. Second waves often end on very low volume and volatility, indicating a drying up of [buying] pressure.
In other words, if wave 2 was a crook, his method is not to smash-and-grab; instead he's the authentic "confidence man" who gets you to open the door yourself. He appeals to your emotions. He convinces you that only he can solve your problem. But just when he has your trust, he alerts his accomplice (wave 3 down) to strike. He's gone with your wealth before you even realize that your trusted confidant is really a con.
Back in February 2009, when a true contrarian case could be made for a strong countertrend rally, Prechter proclaimed his bullish case on TV. Today, when sentiment is opposite that of early 2009, he sends a crystal-clear warning about the deceptions of the wave 2 rally.
This issue will help protect your wealth from one of the oldest scams in history: the confidence game. Read Prechter's latest Theorist to find out how far along the cunning wave 2 has progressed and how much longer it could be until it reverses.
Inside the September 2010 issue, you will discover:
* What 9 key measures of sentiment (including put/call ratio, bull-bear spread, VIX, dividend yield and others) say about today's market environment. You could research dozens of sentiment measures yourself to find out which are most important today, or you could read Prechter's thorough analysis right now.
* Atlanta's property market, and how it serves as a case study for the recovery prospects of U.S. real estate.
* What one money manager subscriber means when he tells us, "I feel like I'm in an elevator with a madman at the switch."
* An interesting new way to opt out of governments' disastrous fiat-money system.
* A candid assessment of Prechter's outlook on gold and silver.
* Why the so-called bond market bubble is not an investment bubble; it's a whole other category.
* And much more, including a short list of Prechter's recommended reading.
Click here for a Free Trial of the Theorist
Friday, October 01, 2010
Click here for a Free Trial of Morningstar Investment Research
Free Morningstar Webinar: The Art of Managing a Dividend Portfolio / October 05, 4:15 ET
Don't lose another decade! Change your approach to stocks by focusing on income. By Josh Peters, CFA | Editor, Morningstar DividendInvestor
You don't need me to say that making money in this market is hard. Merely hanging on to what we already have is hard enough. Some have termed the last 10 years a "lost decade" for stocks, as the typical American investor has been rewarded with temporary gains at best and permanent losses at worst. The ongoing volatility, uncertainties and disappointments have kept millions of investors from reaching their goals.
Yet I am not about to give up. Having worked hard and saved, I'm determined to hang on to the fruits of my labor and increase its value over time. Like you, I have real-world financial obligations to meet over the next couple of decades. Moreover, investing is my chosen profession, and I pursue its opportunities and rewards with passion. But no longer do I fight this battle on Wall Street's terms.
Over five years ago, I charted a new course. I focus on income instead of capital gains. I approach stocks as a potential owner and partner in a business, rather than a trader. And I insist that any business I partner with must treat me fairly. The factor common to these three goals is simple: dividends. Not just any dividends, but large, reliable and growing streams of cash that I never need to give back.
Where did we go wrong?
Many explanations are being offered as to why stocks have had such a poor run so far this century, and most of have at least a bit of truth. Stocks were incredibly overvalued in 1999, and a series of economic and financial calamities certainly didn't help. But a share of stock is still a claim on the earnings of a business. If we want to know where things went wrong, I say, "follow the money."
The sad fact is that most American corporations no longer recognize or treat shareholders as true owners. Even as the economy struggles to climb out of the worst recession in over 70 years, profits are soaring. Yet the bulk of these earnings, as in the decade just past, aren't finding their way to investors. Instead, these rivers of cash are diverted toward empire-building acquisitions, dubious share repurchases, and obscene executive pay packets.
This has led to an environment where no matter how interest rates seem to go, stocks still can't compete. Total profits for the companies that make up the Standard & Poor's 500 index could top $900 billion in the upcoming year, yet their dividend payments are running at only $211 billion--less than 25 cents on the dollar! The average stock in this group yields only 2%, half of the historic average of 4%. Some of our best-known, best-loved companies like Apple AAPL and Google GOOG get away with paying nothing at all. With virtually no say in how large companies are managed, it's hardly a surprise that investors are voting with their feet.
The worst part of this story is that our corporate leaders have learned nothing from this experience. Pitiful yields require investors to rely on capital gains for the bulk of their returns, but why should stock prices go up when their dividends remain tiny? Looks like a formula for more of the same old stagnation.
At the same time, interest rates are very low by any historical standard. By now millions of former shareholders have shifted into bonds, seeking the same thing they ought to get from stocks--a better income and more reliable returns. But when bond yields are very low, the rewards will likely be small and risks loom large. Inflation--not that we've seen much of it lately--is not dead, but could come roaring back to clobber the bondholder's real wealth.
By now you may be asking, what could possibly be left?
The fork in the road.
When I set out to seek better results, I had to let go of the idea that a stock is a piece of paper to be traded back and forth. Frankly, as manager of Morningstar DividendInvestor's two model portfolios, I engage in relatively few buys and sells. Instead, I've taken on the mantle of the great capitalists of old: Those who sought out good businesses, invested their money only on attractive terms, demanded a fair share of the profits, and let their capital do the work.
This approach will not work with just any old stock. Above all, such a strategy requires a large dividend yield--no less than 3% these days, in my opinion, and preferably between 4% and 7%--to provide a reasonable prospect of success. This alone narrows the universe of potential investments down from thousands to a few hundred at best--but I strongly believe this narrow field, and my own narrow-minded approach, presents better-than-average prospects.
The truth is that dividends are more than just pocket change, more even than a basis for a comfortable retirement. Dividends are the sole and essential link between investors and the businesses they own. Where you find large, reliable and growing dividends, you're probably looking at an enterprise that is consistently profitable, relatively unburdened by debt, and whose management runs against the tide to treat shareholders like actual partners. Where you find small, irregular or unsustainable dividends--or no dividends at all--you may be rolling the dice.
From its first issue, Morningstar DividendInvestor has been completely devoted to the pursuit of the best businesses a conservative, income-minded shareholder could want to hold. In the years since January 2005, we have compiled a record of superior performance--not by daytrading or swinging for the fences, but by clinging to our daily pursuit of sound, rewarding companies.
Day by day and month by month, I comb through the market for such extraordinary businesses. I put each and every candidate through a rigorous set of tests focused on their dividends. Those that pass become part of our model portfolios--each of which demonstrates returns with real-money transactions, not paper-based claims.
Investment success in the decade to come will not come easy, or by accident. Having lost the last decade was a dreadful shame. Losing another is simply not an acceptable outcome. To stand out, I believe an investor will need unique perspectives on the markets, an unusual amount of discipline, a willingness to shed Wall Street's hot-money mentality ... and above all, an insistence on being rewarded as a stock's rightful owner through attractive and rising cash dividend payments.
These are what I, in the pages, website and e-mails of Dividend Investor, am determined to provide.
My "pitch" holds no mystery: If DividendInvestor sounds like a service that might help you meet your family's financial goals, give us a try. And with our money back guarantee, there's absolutely no risk.
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