About iwog

iwog

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Registered Nov 10, 2007

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iwog's most recent comments:

  • On Wed, 27 Jul 2016, 12:13am PDT in ARLP blows away earnings, makes iwog gloriously rich, iwog said:

    turtledove says

    What I meant was do you manage others' money, too?

    Yes, I have been managing an investment trust since 2004.

  • On Tue, 26 Jul 2016, 4:04pm PDT in ARLP blows away earnings, makes iwog gloriously rich, iwog said:

    FP says

    There's always idiosyncratic risk with individual stocks, so investing a large fraction of one's net worth in any one of them is unwise.

    This is certainly what most professionals would advise and I don't think it's entirely wrong but what I learned is that actually changing your class, making life changing money as opposed to putting money away for retirement, will at some point require you put yourself at risk for bankruptcy. George Soros is a billionaire because he made one single bet against the Euro and knew his stuff.

    I'm certainly not telling anyone to do this but I'm not sure the long term hold diversified portfolio strategy is much better. Especially today.

  • On Tue, 26 Jul 2016, 2:30pm PDT in ARLP blows away earnings, makes iwog gloriously rich, iwog said:

    I rarely make investment tips here although when I do, I have to be certain so I come up with about one or two per year.

    NAC was my 2014 pick after liquidating all my stocks and I was shilling ARLP at $11 earlier this year.

    Still holding ARLP. Can't beat the 15% income and coal keeps going up in price. ARLP is the best of the best in a bad industry so the price takes all the abuse while the profits don't.

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