General Information

Name:
Rob Kralj
Fool Since:
February 3 2005
Aliases:
Dukenewkirk (1/15/2014), crowflip (12/15/2010)
Where I Live:
Port Moody, British Columbia
Where I Grew Up:
Burnaby, British Columbia
Gender:
Male

Investing Basics

Investing Experience:
Medium
Risk Tolerance:
Medium High
Investing Style:
Long-Term Buy to Hold
Portfolio Size:
Large (12 or more Stocks)
Types of Investments:
equities and long term options
Stocks I Own:
My existing caps

Investing Favorites

Stocks:
CMG,BWLD,EXEL,ATVI,MAKO,INFN,ZIP,BRK-B,WPRT
Industries:
N/A
Boards:
ATVI, or any board covering any stock I follow
Books:
One Up On Wall Street, The Motley Fool Investment Guide
Newsletters:
HG/SA/MDP/RB
People:
Fools, Buffet, Lynch,TMFSpiffyPop,TMFTomG, Jason Moser

Investing Expertise

My Area of Expertise:
The areas I have the most valuable information to provide lie in the Printing Industry as well as Online MMO universe (ATVI Products most specifically)
Greatest Investment:
BWLD or CMG both up over 400%
Worst Investment:
SCSS but got out way before disaster befell the stock
Money I Manage:
RRSP and TFSAs for myself, my wife and my oldest son.

Education And Work Information

School(s) Attended
Burnaby North Senior Secondary School Capilano College Simon Fraser University
Job Title
Mortgage Broker/Investor

Interests

My Interests:
Family, Hockey, Video Games, Investing
Person(s) I'd Like To Meet:
Warren Buffet, Henry Ford (but much later)
Favorite Restaurants or Foods:
Jimmy's Diner (local) IL Corsaro (fine Italian) CMG and BWLD cause they made me a lot of money
Favorite Vacation Spots:
Hawaii without a question
Favorite Sports or Teams:
Vancouver Canucks
Favorite Movies:
Magnolia (hands down)
Favorite Board Games:
Monopoly (long ago), Clue
Favorite Video Games:
World of Warcraft
Favorite Music or Musicians:
Pink Floyd or O.A.R. (Of A Revolution)
Great Books Read Recently:
Timeline, Congo
Book Currently Reading:
Motley Fool Investment guide (curious how dated some of the info is now and how prophetic the bros were in some instances as well)

An Interview with TMFDukenewkirk

Last updated: 6/22/2011
The Fool:
What do you fear most?
TMFDukenewkirk:
Epic problems with world resources and our ability to keep our planet viable in the face of unyielding growth.
The Fool:
What on Wall Street today is most suited for reform?
TMFDukenewkirk:
The use and abuse of derivatives.
The Fool:
How do you define success?
TMFDukenewkirk:
Happy healthy family surrounded by good friends.
[Read the full Interview]

How I started

I started out 'testing' the Fools with a small portfolio of $3000 back in 2003. I went in with the attitude that I didn't know whether these guys simply made their money taking mine, or if they actually provided a real and practical service. I decided the only fair way to test them was to use a 'small' sampling of my money for at least 3 years but completely trust in their advice and explanations of how this world works. Some folks put so much money in to start that it causes them to panic over lack of immediate results or even the temporary negative results that can occur in the course of an investment life. After 3 years I upped my stake of money managed with the help of Fool advice. After 5 years I pulled out every dime of Mutual Fund money I had and embarked on the task of managing all my investments. I've consistently hovered around 17% annualized using this advice until I did a major restructuring of my portfolio and decided to significantly increase the risk tolerance per individual investment. I used to buy more often when I could find little good reason for a short term drubbing with any given investment. This usually resulted in further decline as I'm not particularly adept at catching falling knives (By the end of 2013 I'd modified this behavior to simply watch those stocks and buy as they begin to climb. Today I generally prefer to buy something even after missing a bit of a run up, playing momentum to my advantage in the early going. Seems more fun this way). This has certainly been the case over the last year and a bit as I shifted full gear into RB nation. Over the course of 2012 we'd experienced some harder times with RB picks and so my trend was amplified and my average annualized returns had plummeted down to 10%. But hey, they were actually much lower than that a while before that. Considering my investing style, this was a natural result, but I don't let it bother me as I generally find it no big issue to wait patiently as more often than not, the businesses I've invested seem to end up executing as I'd hoped and in the end I'm pretty darned happy with my cost basis of the initial sliders I picked up. I bank on my patience when it comes to investing more than my analytic smarts and I find patience to be the greatest ally an investor can lean on.

How I Invest

I keep 3 portfolios of between 25 and 28 stocks these days. The universe of stocks in the combined portfolios generally hovers at around 30 as there are many overlapping picks in the various kinds of portfolios I'm maintaining. When reasonable investment options exist I like to try to balance somewhat throughout the different sectors, but that's hardly imperative and I definitely am bent on emerging technologies, especially because the world is still accelerating the pace at which these changes are occurring. All of my investments are in registered accounts, either retirement accounts or Tax Free Savings Accounts. I've added MDP in part to see how real pros balance a portfolio. Also, since I did that I also picked up Stock Advisor and Rule Breakers. The latter has opened up a wonderful new world for my portfolios and led me down the path to Supernova. Over many years of paying attention to the many wonderful analysts, writers and community members in Fooldom, David has slowly pulled me over to the volatile side to the point that now my portfolio is over 50% RuleBreakers. This is largely because as much as I like to make money with my investments, I like also to be entertained by them. I'm learning through RuleBreaker investing it doesn't have to be one or the other either. If there's a way to make a game of things, I'm usually all in. People who are not really familiar with investing can be heard spitting out cliches about investing essentially being gambling. Now I like games, but I don't like gambling. One is dangerous, the other fun. Gambling is actually rigged against the player. It's not really gambling for the house, but it is for the gambler, and with horrible odds of long term success. Investing in well run companies is in no way like gambling unless you play the short term. The deck is NOT stacked against the long term investor and over 10 years of personal experience and over a 100 years of statistics, long term investing looks nothing like gambling in my opinion. But I do see a game in it, and most games that I enjoy, I can do well at. Yet oddly, for the life of me, I could never throw a proper spiral. A hockey stick was pretty far removed and worked pretty well for me. But these days I do so enjoy investing. I can live with the Warren Buffets of the world being the big winners, but simply playing well seems enough reward for me. One of the best parts of this service is our ability to customize our portfolio when we feel comfortable doing so and while I do currently own many of the Odyssey picks, I'm not following along verbatim. If I focus on companies I like more than not, I find I focus a lot harder.