mikecart1

Michael Carter

I graduated with honors with a B.S. in Mechanical Engineering from Virginia Tech and later got my MBA from the University of Pittsburgh. I'm a Licensed Professional Engineer (P.E.) for the state of Pennsylvania. As an experienced equities investor and Motley Fool member since 2006, I try to show that investing is not only for the pros.

General Information

Name:
Michael Carter
Fool Since:
June 22 2006
Where I Live:
Alexandria, VA
Where I Grew Up:
Alexandria, VA
Gender:
Male

Investing Basics

Investing Experience:
High
Risk Tolerance:
Medium
Investing Style:
Motley (i.e. Anything goes!)
Portfolio Size:
Large (12 or more Stocks)
Types of Investments:
Stocks, bonds, fixed income
Stocks I Own:
AA, AAPL, BAC, BP, C, CIM, CLF, EROC, FB, INTC, LVS, MGM, MO, MT, NLY, SIRI, TOT, TSLA, WIN, X

Investing Favorites

Stocks:
MSFT, ATVI, BP, MO, BAC
Industries:
Tobacco & Alcohol
Boards:
Yahoo Finance
Books:
Outliers by Malcolm Gladwell
Newsletters:
Motley Fool
Magazines:
Wall Street Journal
Blogs:
http://beta.fool.com/mikecart1/
People:
Jim Cramer, Warren Buffet, Carl Icahn, Peter Lynch

Investing Expertise

My Area of Expertise:
Consumerable Goods, Tobacco, Alcohol, Banking, Tech
Worst Investment:
Poker

Education And Work Information

School(s) Attended
Virginia Tech, Pittsburgh University
Job Title
Engineer/Investor
Company / Organization
DoD
Former Jobs
Burger King

Interests

Personal Quote:
Fail Fast, Succeed Sooner
My Interests:
Money
Person(s) I'd Like To Meet:
Vince McMahon
Favorite Restaurants or Foods:
Chicken
Favorite Vacation Spots:
Hawaii
Favorite Sports or Teams:
Football
Favorite Movies:
Wall Street
Favorite Board Games:
Chess
Favorite Video Games:
Battllefield
Favorite Music or Musicians:
Everything
Great Books Read Recently:
Real Money by Jim Cramer
Book Currently Reading:
Getting Back to Even by Jim Cramer

An Interview with mikecart1

Last updated: 12/3/2011
The Fool:
What, in your opinion, are some of life's big mysteries?
mikecart1:
The biggest mystery of life is life itself.
The Fool:
As a former child and possibly parent of one now, share your best advice about raising children.
mikecart1:
Best advice is to not hide things. They will find out sooner or later so it is best they find out from you.
The Fool:
Describe the most embarrassing personal moment you'll admit to!
mikecart1:
Giving a speech in school and sweating so bad that the teacher stopped me and told another student to tun the AC on.
[Read the full Interview]

http://beta.fool.com/mikecart1/

See my previous articles at this link for TMF!

How I Invest

Three easy rules that are proven, simple to understand, and have allowed me to be very successful in not just stocks, but any type of investment: 1) Know what you are investing in well-beyond the ticker symbol or company name. If you are a customer or user of that company's product, even better! 2) Never put all your eggs in one basket no matter how good you think the investment is. NEVER! Not being able to invest in anything on any given day at any given minute because you lack money is the worst situation you can ever be in IMO. 3) I refuse to lose on any investment ever. There are many tools to prevent or elminate losses that include money management, dollar cost averaging, and not being greedy. There are several reference books that teach this but IMO money management is EVERYTHING.