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Sunday, 02 March 2008

  • A Podcast on my Investment Strategy and a Robert Frost Poem

    I was busy this weekend blogging and podcasting.  I finished up with a rambling podcast discussing my investment philosophy.  I haven't done this strategy review for awhile.  You are welcome to listen and comment.  Even my cat got into the act this evening.  BTW my cat's name is "John Kerry".  What else would you expect :).

    Click HERE for my podcast.

    And enjoy.

    Bob

  • Restoring American Values: An Editorial

    I was fortunate to have this published last week as a 'Community Columnist' for the La Crosse Tribune.  I thought you might enjoy this.  Follow the link and you too can join in the conversation online.

    Let’s restore American values



    It’s time to restore American values to this nation. Franklin Roosevelt was right. We need leaders who lead out of inspiration and vision, and not fear.

    We must elect leaders who are responsible with the “purse,” leaders who balance the national checkbook each year, taxing us to meet the expenditures. It’s hateful to our descendants to cut taxes in the face of growing expenditures; they will be paying those debts for many years to come.
    Let’s elect leaders who never start wars against nations that don’t represent threats to us, instead using diplomacy first and war only as a last resort. And when we conduct war, let us elect leaders that will abide by the Geneva Conventions instead of utilizing torture and extraordinary rendition.

    Let’s always think first about the children of this nation — children who suffer when we allow ourselves to be manipulated into actions that hurt families in nontraditional homes — denying them insurance, child support and child custody that other children receive.

    Children suffer when we, as a nation, fail to set priorities for health care for everyone — expending our nation’s wealth on bombs and mine-resistance vehicles when we need to be spending money to make sure every ill person has access to health care in America.

    Our children’s public education is hurt by “No Child Left Behind,” which creates ever-higher standards on testing until those schools that most need assistance will see their funding cut and money funneled away toward nontested charter schools. Education requires us to teach our children about evolution; creation science belongs in Sunday school.

    Our leaders pander to corporate interests more concerned with next quarter’s financial results than the integrity of the Greenland ice cap or the rising sea level, by denying global warming. This administration censors scientists who wish to talk about polar bears, allows industry lobbyists to rewrite climate change reports and denies California the right to reduce its carbon footprint.

    Let’s elect leaders who believe in the rule of law and the importance of the Constitution as they exercise their governmental responsibilities. Signing statements that defy Congress, disappearance of White House e-mails, ignoring requirements for wiretapping, preventing congressional testimony and commuting the sentence of a White House staffer who broke the law is not acceptable behavior in America.

    It’s more moral to allow parents to donate their unused frozen embryonic cells to science to advance research to cure disease than to throw them into the garbage. It is immoral to cut off support for clinics in Africa because they discuss abortion with impoverished women.

    Let’s elect leaders who trust science, advance peace, believe in public education, protect the environment, follow the law and act as responsible stewards of our nation’s finances and natural resources. Our children are counting on us to vote with this in mind.

    Bob Freedland, a physician, is one of 13 Tribune community columnists, whose writing appears on the Sunday Opinion pages.

  • Random Thoughts

    I haven't been reposting my posts from my main blog.  But then again, I haven't been posting much here at all.  So I apologize to all of you readers who have subscribed and enjoy my posts.  But I am committed to dropping by here and blogging some thoughts to you as friends and fellow investment nuts as it may be.

    Please visit my main blog, Stock Picks Bob's Advice and you can read about my many stock ideas and commentary where I still write on a regular basis.

    Thank you all for your kind words and thoughts on my own personal loss.  My life really is back to normal and I am working (yes I have a very busy day job) and blogging far too many hours on the computer.  I very much enjoy sharing with all of you my thoughts on investing and my occasional political rants.

    On a political note, it distresses me that there aren't more people who believe in the oldest of biblical directives that we should all be our brother's keeper.  I am very much a capitalist who believes in capital markets, stocks, bonds, private enterprise.  At the same time, we need to work to narrow income gaps, improve the healthcare of the nation, enhance our environment, improve our finances, and work to make the world a better place to live for us and our neighbors.

    Recently we have failed in all of that.

    Our markets are paying the price as well.  The massive deficits due to a fraudulent 'supply side economics' theory that advances fiscal deficits and leads to mounting national debt, declining dollar values, and inflationary pressures has to be exposed as the fraud that it is.  The latest campaigns to enact a 'fair tax' as it is called that turns to a regressive sales tax instead of a progressive income tax is outrageous.  Of course, we need to streamline our income tax process.  But it is also obscene to have CEO's earning $100 million/year when we cannot even agree to raise the minimum wage to keep up with inflation.

    On investing, I have advocated quality investments.  Of course everyone speaks of quality which becomes sort of a meaningless adjective.  But for me quality is about consistency.  Steady growth in revenue, earnings, stable shares, solid balance sheet, and an encouraging price chart.  There are few stocks out there that meet these criteria today.

    Patience.

    Silence.

    Listening to your portfolio.  Don't rush anything.  Let them come to you.  It really is a Zen approach.

    Anyhow, thank you all again for your friendship.  I shall get through this one just fine.  We shall get through this era as well.  Let us not grow up and lose our idealism, our hopes for the future, and our goals to improve things.  Let us all work to leave our mark on this world by making it just a little better than it was when we arrived.  We have so much work to do.

    Bob

Sunday, 10 February 2008

  • Thinking about my Dad

    My father died last week.  I was out in Los Angeles for the funeral.  He was 88 and had been suffering with dementia for many years.  While it was a relief to see the suffering end, his death closes a very large section of my life.  My mother had died back in 2001, so now I find myself on the edge of this generation.  I am glad I have as many other relatives and friends as I do.

    He taught me about the stock market when I was little.  He used to ask me to read the stock pages for him.  He got me hooked on investing.  I remember how he advised me that the best stocks were anything that started with "General".  Like General Electric, General Dynamics, General Telephone (the old GTE), General Foods, etc.  That was his sense of humor I guess.  And yet there was an element of truth in all of that.

    A death in the family gives one a terribly strong lesson in perspective.  It isn't about the toys that we acquire, the amount of money in our accounts.  Our lives are measured by the amount of love that we share with each other, our ability to do something to help another person, and being emotionally supportive of each other.

    Blogging isn't really that important.  But sharing things with friends---now that's different.  And many online acquaintances rapidly become 'friends' even if they are just regular 'hits' on the counter.

    Have a great week everyone.

    I just felt like I needed to share this one with all of you.

    Bob

Wednesday, 06 February 2008

  • Dealing With The Decline

    Hello Xanga Buddies!

    The market has been awful.  Every step forward has been met with two steps backwards.  And yet people still are talking about buying the dips.

    Sentiment is not adequately negative to confirm a bottom.  While a market climbs a wall of worry, the worry-fans shall be disappointed if they continue to buy dips at this point.

    Personally, I am now down to 8 positions from my maximum of 20.  I have paid off my margin with my sales and am waiting for another stock to hit a sale point. 

    Bob

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