November 19, 2014
Interesting development for me in that FORBES Magazine interviewed me last week in connection with their upcoming December “Retirement 2015″ issue. I remain one of the “stars” at the Marketocracy site I’ve written about here (although not lately), and Marketocracy had passed along my name. I have given the FORBES writer the following 2 stock picks, which I will be purchasing myself today: Fonar Corp. (FONR), which engages in the design, manufacture, sale, and servicing of magnetic resonance imaging (MRI) scanners, and Maiden Holdings, Ltd. (MHLD), which is an insurance company.
I now have a 10+ year record with Marketocracy. Those of you who are curious can see the records for my 2 “star funds” at the following links:
Pettit Mutual Fund #1
Pettit Energy Fund
January 28, 2008
Ok, I’m probably nuts to be doing this–but I wanted to go on record (no pun intened) as having signed up for this: The RPM Challenge.
The Challenge is to record a complete music album during the month of February. 10 songs or 35 minutes. (This is patterned after some “write a novel in a month” contests out there).
I’m going to try.
By posting my intentions here, I’m hoping that I will be motivated to follow through, and I invite all of my readers to ridicule me and call me a “quitter” if I don’t, because I no longer have any excuse not to.
I’m retired. Nothing else to do in February (although the last several days of the month I have some travel plans).
When I have written songs in the past, I’ve generally gotten them put together (rough demo quality) in one day (with the quality one might expect!). So…I’m going to do it! (I hope).
When I came across this Challenge–it’s not a “contest”, there’s no prize–I had already been thinking of doing something like this anyway. I’ve been away from my music hobby for about a year and a half, and I’ve been getting psychologically ready to tackle it again, and then this thing came along.
I’ve already got a couple of dozen songs more or less completed. I’m not going to be using them, though. That’s cheating. I’m intentionally keeping my mind blank until February 1st. What’s sort of cool about setting up the Challenge this way is that songs that otherwise never would have been written now will be.
So I’ve gotta come up with 10 songs–meaning I’ll likely have to write several more than that if I’m going to be going for any kind of quality at all. Let’s see…probably a couple country, a couple pop, maybe a folk song, a couple hip-hop, at least one heavy metal, a dance number, maybe some gospel (tongue-in-cheek, of course), maybe something classical… We’ll see what works. In the past, I have started things in one genre and it has totally twisted itself into something else.
I’ll post the songs here for comments. Maybe.
Meanwhile, to prove to you that I won’t be cheating I invite your input as to song titles, snatches of lyric phrases, themes (boy meets girl, rabbit meets fox), etc. I’ll try to incorporate them if my muse directs me that way.
I’m not expecting any Grammy nominations, but at least this should give me a good jumpstart on getting back into this.
Then again, maybe I’ll quit the first day. I hope not.
November 30, 2009
October 29, 2014
A couple of unenthusiastic picks this time around.
I’m going to take a small position in Barrett Business Services Inc. (BBSI), which barely makes it onto my screen and looks really boring–but sometimes you can make money with boring.
I decided to also put some what-the-heck money into Winnebago Industries, Inc. (WGO), also because it made the screen. Do people really still buy recreational vehicles? Winnebago is the leading brand of them, as far as I know. Maybe they’ve started making “hybrids” (?), because I thought these things got about 5 miles to the gallon and thus just don’t make sense at all–but the stock has been doing okay the last little while. Is it because We Boomers are prematurely senile and forgot we have a fuel crisis? Hey, I’d personally like to have one, but what with costing so much to buy and with the fact that I’d have to leave it parked in my driveway unless I went back into the work force…I just don’t know who is crazy enough to buy these things. Oh, yeah–me, I guess. Because I just bought a bunch of their stock and I can’t even “drive that around to visit the grandkids”…
[EDIT: I wrote this post a couple of days ago, aware that I would be traveling yesterday and unable to actually consummate my purchases until today. Turns out that BBSI plunged 34% yesterday and I dodged a bullet. I ended up buying it anyway--the PE ration is even better--but only half as much, since a plunge like that is "nervous-making"...]
October 8, 2014
Truly terrible several months for me–underperforming the market, which always is upsetting.
Okay, I’m going to split my money up between two similar investments: Fortress Investment Group LLC (FIG) and Apollo Global Management, LLC (APO), both companies being in the investment management business.
Which also describes me. (At least for myself).
More deep breaths…
September 18, 2014
Well, after a dearth of picks the last time I looked (August 27th), I found several this time around:
First up, I’ll be taking a half (limited confidence) position in both JMP Group Inc. (JMP), which is in the investment banking industry, and REX American Resources Corporation (REX), which is in the ethanol business, and which I actually purchased once before a couple of years ago, although I don’t recall how I did–I think pretty well.
I’m also going to take a full position in Alaska Air Group, Inc. (ALK), hoping to be able to get cheap airplane tickets to go watch the next Palin family brawl.
August 27, 2014
I think I’ve only done this once before, but…
Sitting it out for a few weeks.
Nothing showed up on my screen that I want to buy.
I’m just going to hold on to what I’ve got.
Call it My August Vacation, I guess.
August 6, 2014
Ouch! Taking a hit lately, but I keep on plugging.
Today I have two selections: Appliance Recycling Centers of America Inc. (ARCI), which apparently recycles appliances. A noble pursuit.
And BBVA Banco Franc (BFR), which provides financial services in Argentina–to the extent that Argentina HAS “financial services”. They defaulted a week ago and their market tumbled some 8%–making this a fairly risky pick, as so many of mine are.
The market is a little nervous-making these days, so…Good Luck!!
July 17, 2014
I’m going to jump back into AmTrust Financial Services, Inc. (AFSI), which I bought in July, 2010, and sold a couple of years later, pretty much doubling my money. It has kept running up (me missing most of it) and now is back on my screen, so I guess I’ll try, try again.
June 25, 2014
Just one pick this time around: Modine Manufacturing Company (MOD).
They manufacture “heat exchangers” for vehicles.
Anyway, they have a really low P/E ratio–which I always like, although that can also be a sign of something…wrong.
So, good luck!
And Happy Investing!