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money:picks [2019/05/08 18:47]
admin
money:picks [2019/08/22 21:09] (current)
admin
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   * Tiingo looks good, but only 500 unique stocks / month.   * Tiingo looks good, but only 500 unique stocks / month.
   * **Quantopian** Let's try it again, this time I have some examples too. Mostly just look at historical data and see what happens to low p/e and low whatever companies. But ... do I really want to?   * **Quantopian** Let's try it again, this time I have some examples too. Mostly just look at historical data and see what happens to low p/e and low whatever companies. But ... do I really want to?
 +
 +  * AAII historical 10-year returns are ... meh (up to 25%) over S&P 500 (11%). https://​www.aaii.com/​stockideas/​allstrategies. ​
 +
 +===== Easy Picks =====
 +  * Credit card companies, dang. Easily 2-5X the S&P 500. [[https://​www.portfoliovisualizer.com/​backtest-portfolio?​s=y&​timePeriod=4&​startYear=1985&​firstMonth=1&​endYear=2019&​lastMonth=12&​calendarAligned=true&​initialAmount=10000&​annualOperation=0&​annualAdjustment=0&​inflationAdjusted=true&​annualPercentage=0.0&​frequency=4&​rebalanceType=1&​absoluteDeviation=5.0&​relativeDeviation=25.0&​showYield=false&​reinvestDividends=true&​benchmark=VFINX&​symbol1=MA&​allocation1_1=100&​symbol2=V&​allocation2_2=100&​symbol3=AXP&​allocation3_3=100&​total1=100&​total2=100&​total3=100|here]]
 +    * No capital costs hardly, 40% profit margins, etc.
 +===== Patrick O'​Shaughnessy =====
 +Millenial Money
 +
 +<​blockquote>​I am a 26 year old with zero investing knowledge who read Patrick'​s book about a year ago. The book was a great read and inspired me to learn more about investing. By the end of the book I was completely sold on Patrick'​s strategy, as everything he said made sense, seemed credible, and most importantly seemed attainable for a young first time investor with a relatively small income. Seemed straight forward: save about 10% of your income to invest and follow the buy/sell rules diligently. Not so easy. First I realized that being Canadian was a major setback as being an individual investor means large fees for international stocks. Next and most importantly I found that the only way to follow Patrick'​s screen was to join the AAII where he mentioned the screen would be posted. After joining I found that his screen has not been posted as one of the site's stock screens. Instead the only way to follow the screen is to subscribe to Stock Investor Pro, an additional $200 over the $50 annual membership fee. Kind of daunting when the comments on implementing the strategy in Stock Investor Pro make it seem much less accessible than Patrick makes it sound in his book. All in all I learned a great deal from the book, but am very disappointed with how difficult implementing the seemingly simple strategy has proven. I have searched the internet (including the forums of this site) for any info on people who have successfully implemented the strategy and have only found more frustrated millennials. I'm left wondering if the whole book wasn't just an advertisement for Stock Investor Pro... If anyone has had the opposite experience, I would love to hear about it...</​blockquote>​
  
 ===== Mohnish Pabrai ===== ===== Mohnish Pabrai =====
money/picks.1557366471.txt.gz · Last modified: 2019/05/08 18:47 by admin