Welcome to my blog
My name is Lsigurd and I plan to use this blog to share the research that I do for stocks that I am purchasing in my own accounts. In the portfolio page I will keep track of my picks with an RBC practice account.
The RBC account I will use to track my portfolio has been active since July 1st, 2011. Performance from my accounts for earlier years can be viewed here.
Who am I?
I don’t think that investing acumen can be taught. Everyone has to find their own investing personality, and the only way you can do that is by getting into the market and figuring out what works for you. I made a conscious choice to bypass the route of an MBA or CFA and to instead learn by experience. I remain convinced that the best way to learn the market is by being in the market and making mistakes.
So what can you expect to read about here?
I don’t run anyone’s money but my own and my family’s. I have for 10 years and I’ve done well during that time. I can’t give you the exact figure, but I started in 2003 with about $20,000 and today that number into the seven figures, all while the S&P has done nothing. I run my own portfolios and do a lot of due diligence on my stock purchases. I buy mostly (but not exclusively) microcap stocks, primarily because the value most often lies in those stocks that are not followed by many others. This can cause my portfolio to have a lot of volatility and it has led to more than a few sleep deprived nights, but such is life and I have had good success with my strategy.
A lot of my success comes from looking for undervalued stocks in unloved but turnaround sectors. You probably won’t find many stocks talked about here that are discussed on CNBC, BNN or the Wall Street Journal. If you do, it will be a stock I bought well before it was talked about, and I turned out to be right.
What you can expect here is that I will write about the stocks I own, much as I did on the stockhouse blog I had, and much as I do on Investors Village. I will provide the thesis by which I am investing in, the catalysts that I anticipate to occur and the risks that I see if I am wrong.
One thing that I have found is that with writing a blog it is difficult to timely. I work a regular 8-4 job, and so I often am making portfolio adjustments in my lunch hour, and only able to really analyze and write about a position in the evenings or on weekends. Therefore I’ve come to use twitter extensively to help me have a more timely commentary. You can follow me @Lsigurd.