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Report p366’s Profile
Education and Work
March 24 1999
Long-Term Buy to Hold
Large (12 or more Stocks)
Types of Investments:
Preferred stocks and mutual fund Bond funds for income, common stocks for growth and income, international stock mutual funds for divesification
Stocks I Own:
AAPL, GOOG, SDRL, HAS, OLED, CTRX, EXEL, TDG, LKQ, HAIN, GS, UPL, EXC, GME, SBUX, SSYS, DIS, MO, NGG, TGH, DPM, MKL, LL, RKUS, ROIC, TTS, STON, NSH, OAK, AMAVF, SNI, PBPB, YHOO, SFTBF
My Area of Expertise:
Extensive experience with many things that do not work. These things, in no particular order are: 1. Setting stop sells on your long positions--doing this caused us to lose some great companies because of short-term issues. 2. Technical Analysis--bought and read several books and eventually got sucked into CNBCU. CNBCU specializes in high "tuition" courses which get you revved up but prepare you for nothing. Add'l payments for longer access to their "advisors" was a bad joke since these people refused to help you interpret their proprietary charts to make decisions about your investments. 3. ValueLine Investment Survey--1700 stocks reviewed quarterly. Rating of 1-5 supposed to provide their recommendations, but you are really on your own. There was very, very, very (did I say very) little in the way of actual analysis of the business such as you see in RB and SA newsletters. 4. Covered Calls--another CNBCU Classic complete with more "tuition." Billed as "safe for retirement accounts. Unless you are skilled in using the various valuation methods, you (like us) will be driven by your gut and your greed, that is, what's the highest premium I can receive without actualy losing my stock? Trust me when I REPEAT that boring adage—you can't time the market. You can't but when you sell a covered call, you are betting you can. We did our what if analyses, and after 2 years of rooting against our best companies (best prospects and for options, highest volality), we concluded that we would have been ahead if we had just held our stocks. Worst decision was selling calls on 300 shares of AAPL we bought for $44 at a strike price of $47.50. We received a few hundred dollars. We thought we were golden because AAPL was going nowhere at the time. Then, maybe a week before expiration, Steve Jobs came back and we were called out. Yes, we could have just bought more shares at $50, but we were not that smart. 5. Lastly, we tried a combination of VL and various methods (from various books recommended by MF) for determining the value of a company and buying it at 60% of its value and then, of course, selling it when it reached full value. This was also a loser. Much of the info you need for these analyses is not available.
In the go-go nineties, a toss-up between CSCO, DELL, AOL and MSFT.
AHHAP--aka Accedited Home Lenders Holding co.
Money I Manage:
Education And Work Information
BS Chemistry, Rensselaer Polytechnic Institute Ph.D. Chemistry, Caltech
Company / Organization
Pennwalt aka Atochem NA, aka Elf Atochem NA and now known as Arkema--R&D and process engineering
My favorite: "Order is heaven's first law." Alexander Pope.
Making money, home remodelling, gardening, hiking, cooking including making our own bread every week, walking and training our dog, not necessarily in that order--but, #1 is Making Money.
Favorite Restaurants or Foods:
Love all kinds of food
Favorite Vacation Spots:
Favorite Sports or Teams:
Casablanca, North by Northwest, Chinatown, On Golden Pond, The African Queen, A Touch of Class, ET, Ratatouille, all Bond movies with Sean Connery and Roger Moore. Many Hitchcock movies, any good mystery, spy or comedy (nothing raunchy).
Favorite Board Games:
Favorite Video Games:
Harry Potter anything
Favorite Music or Musicians:
Jackson Browne, Neil Young, Al Stewart
Great Books Read Recently:
Kidnapped, Macbeth, Hamlet, Tinker Tailor Soldier Spy, Anna Karenina, An American Tragedy
Book Currently Reading:
Red and Black
p366 is following 4 Fools
An Interview with p366
Last updated: 4/25/2012
Given a second chance, what financial decision would you like to do over?
Not concentrate so much of our fixed income investments (Pfd Stock) in the mortgage mkt.
Tell us about your first date. Who was it with and where did you go? (Remember, this is a family show!) ;)
I was a freshman in college and for the life of me, I cannot remember the particulars--guess he wasn't a "date to remember."
If you could be the CEO of any public company, which one and why?
Motley Fool, because I think that it is an honest company that rewards talent over politics.
[Read the full Interview]