I recently had the pleasure of being interviewed by MoneyShow.com’s Kate Stalter. Kate does many interviews with market experts as well as financial advisors around the country. We briefly discussed the Snider Investment Method, Snider Advisors, and our new SIM ETF Portfolio. You can listen to the interview or read the transcript here. (Capture Gains with ETFs and Covered Calls)
Transmogrification in the Snider Investment Method: What it does and when to use it
Occasionally in the Snider Investment Method, we will issue a position alert notifying our clients to Transmogrify a position into a new one. This is usually due to a change in the company structure like a buyout or merger or an event that impacts the stock or options, such as options no longer being offered for a position. Without going into too much detail of the Transmogrification process, Transmogrification essentially swaps an old position for a new position.
Emotions: The Enemy of Logic
When investing in the stock market, most people will say that the goal is to “buy low and sell high.” In a perfect world, everyone would stay true to this and the stock market would only go up. However, this is not always the case. Equal probability states that stocks have a 50-50% chance of increasing or decreasing in value. As a result, the stock market will often not move in a desirable direction, decreasing the value of the portfolio. Investors may ditch the “buy low and sell high” mantra, panicking because of the loss in value and dump the stock. Their emotions caused them to do the exact opposite, “buy high and sell low.”
A Visual Guide to ETFs
After announcing the managed SIM-ETF portfolio we fielded a lot of phone calls from interested clients asking us to further explain exactly what ETF’s are. With over 1,400 exchange traded products on the market, it is not surprising that we regularly get this question, and as we have written before, not all ETFs are created equal.
Generation Lost?
There is an increasing amount of attention gathering around the Millennial generations’ entrance (or attempted entrance) into the workforce. This is truly the workforce of tomorrow, yet things will be very different from the experiences of the previous Baby Boomer generation. The common dream of going to college, starting that dream job, starting a family and purchasing a home have all been faded by the current economic climate. While I realize that the majority of our readers are probably not in this generation, the mass majority of you do have children or family members who are.
How Are You Spending Your Tax Refund?
With tax season behind most of us refund checks are starting to roll in. According to statistics from the IRS this year’s average federal tax refund will be around $2,913. When met with a windfall of funds sometimes our mind can play tricks on us. People tend to view buckets of money differently based on how the funds were earned. Behavioral finance refers to this term as mental accounting.
My First Snider Investment Method Trade
I first started working at Snider Advisors back in May 2005. Since then, I’ve either placed or reviewed over 100,000 Snider Method trades for clients’ accounts. But, today I did something brand new; I placed my first trades in a personal account.
