I Suck

Dear Future Me,

I'm a crappy stockpicker. I only have 3 years of two-bit experience but my current efforts lead to crap picks. There is no denying it. Don't think it's just me either, because you suck at picking stocks too. Remember when you wrote this post? Why did you write it? Yeah, that's right, because you suck at picking stocks. Aside: I need to be repetitive to myself because I know future me won't get the point otherwise.

Now I'll give you some credit, you had good ideas, and some of them panned out, but the ones that did had an expensive opprotunity cost and the ones you didn't pull the trigger on did relatively amazing. This is not just 'the grass is always greener' syndrome. You messed up because you were a lazy-no-good stockpicker and were too cheap to pay the transactions costs of re-allocating, too lazy to get the proper approvals, and too scared that those costs and the work that went into the move would be all be in vain. It was fear of failure that held you back. Don't try and explain it any other way, because that is the simple truth. I hope you are better at correcting these problems in the future. For future, future me's sake.

Do What?

No more than one minute ago I had this gem of an idea. I give it here freely so that I might chuckle to myself in the future.

Buy things nobody understands.

Just that. That simple. The exact opposite of buying something that I completely understand is buying something that all or most people do not understand.

Party Time

I post so infrequently because most of the time I just don't have anything to say. I don't invest on a day to day basis. My opinions are home-brewed or slow-cooked, if you will. Right now I see equities going up in 2011, maybe even 2012, breaking previous highs. 15% of my portfolio is levered to the gills in BAC. I think The Fly said it best when he coined the phrase "BAC attack". I'm long an oil driller in TSE:TDG and my other energy play is NYSE:NRG. Shipping and transportation is another area I see to be a strong levered play in this bull market, however I took the scenic route with TSE:CJT.UN, a Canadian airfreight company. Throw in a little TSE:FFH to hold down the fort and I got myself a bona-fide portfolio. Excuse me while I generate excess returns.