I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Gloria Graham on
Our club will not renew next year. We half way read the magazines and we don't use the stock selection guide. We don't see any benefits to it.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Kimberly Hazen on
Interesting question. In the beginning, we were pretty dependent on the SSG tool. Now, I'm not so sure. I use it because it's super quick and easy, but I'm not sure if my whole club does. We do have a guideline that we won't purchase a stock until it's been evaluated by the SSG. I'm not a big fan of the magazine. I will bring these questions to our meeting tonight and see what everyone says.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Roy Chastain on
For those who do not use the SSG, how do you make your Buy and Sell decisions? Do you have a way to compare companies so that you are buying "the best" in an Industry?
Only about half of the magazine interests me, but I get good information and ideas from several parts of it. One of my clubs even has a portion set aside for presenting information from the magazine. Another club is in the throes of deciding whether to stay with Toolkit or
switch to the on-line version (some of us are Apple users), but we all get a lot out of BI membership, including data in a very useful format. We are attracting new members, so several watch the webinars in order to learn how to evaluate stocks. (Some of us with more experience also watch them as a form of "continuing education.")
Roy Chastain
"In investing, there is no such thing as a called strike.
You don't have to swing at every pitch." --Warren Buffett
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Thursday, June 19, 2014 7:00 AM Subject: Re: [club_cafe] Better Investing upgrades
Interesting question. In the beginning, we
were pretty dependent on the SSG tool. Now, I'm not so sure. I use it because it's super quick and easy, but I'm not sure if my whole club does. We do have a guideline that we won't purchase a stock until it's been evaluated by the SSG. I'm not a big fan of the magazine. I will bring these questions to our meeting tonight and see what everyone says.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Gloria Graham on
We have never used the SSG. Our club is small and participation is hit or miss. We purchased stock based on companies we were familiar with. I can't say it was smart but our Apple purchase so far has been the largest gain.
For those who do not use the SSG, how do you make your Buy and Sell decisions? Do you have a way to compare companies so that you are buying "the best" in an Industry?
Only about half of the magazine interests me, but I get good information and ideas from several parts of it. One of my clubs even has a portion set aside for presenting information from the magazine. Another club is in the throes of deciding whether to stay with Toolkit or
switch to the on-line version (some of us are Apple users), but we all get a lot out of BI membership, including data in a very useful format. We are attracting new members, so several watch the webinars in order to learn how to evaluate stocks. (Some of us with more experience also watch them as a form of "continuing education.")
Roy Chastain
"In investing, there is no such thing as a called strike.
You don't have to swing at every pitch." --Warren Buffett
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Thursday, June 19, 2014 7:00 AM Subject: Re: [club_cafe] Better Investing upgrades
Interesting question. In the beginning, we
were pretty dependent on the SSG tool. Now, I'm not so sure. I use it because it's super quick and easy, but I'm not sure if my whole club does. We do have a guideline that we won't purchase a stock until it's been evaluated by the SSG. I'm not a big fan of the magazine. I will bring these questions to our meeting tonight and see what everyone says.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Stuart Weissman on
Agreed Roy.
If you don't use the SSG and the main use of most of our BI memberships is to obtain the SSG data, then why would a club pay the fee?
I too am curious what the club uses for buy and sell decisions if not the SSG? And are they successful?
Stuart Weissman
Stuart Weissman on
Be very careful with this strategy Gloria. Don't mistake luck for a tried and true investment strategy. There's a psychological term knows as confirmation bias that fools a lot of rookie investors. Read up on it. You might be suffering from it. I'll let others expound on the dangers of investing without a plan. Or search the history of Lenny Dykstra. He is the perfect example of someone whose confirmation bias cost him everything. Good luck.
Stu
From: Gloria Graham <ggraham803@gmail.com> To: club_cafe@bivio.com Sent: Thursday, June 19, 2014 12:28 PM Subject: Re: [club_cafe] Better Investing upgrades
We have never used the SSG. Our club is small and participation is hit or miss. We purchased stock based on companies we were familiar with. I can't say it was smart but our Apple purchase so far has been the largest gain.
For those who do not use the SSG, how do you make your Buy and Sell decisions? Do you have a way to compare companies so that you are buying "the best" in an Industry?
Only about half of the magazine interests me, but I get good information and ideas from several parts of it. One of my clubs even has a portion set aside for presenting information from the magazine. Another club is in the throes of deciding whether to stay with Toolkit or
switch to the on-line version (some of us are Apple users), but we all get a lot out of BI membership, including data in a very useful format. We are attracting new members, so several watch the webinars in order to learn how to evaluate stocks. (Some of us with more experience also watch them as a form of "continuing education.")
Roy Chastain
"In investing, there is no such thing as a called strike.
You don't have to swing at every pitch." --Warren Buffett
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Thursday, June 19, 2014 7:00 AM Subject: Re: [club_cafe] Better Investing upgrades
Interesting question. In the beginning, we
were pretty dependent on the SSG tool. Now, I'm not so sure. I use it because it's super quick and easy, but I'm not sure if my whole club does. We do have a guideline that we won't purchase a stock until it's been evaluated by the SSG. I'm not a big fan of the magazine. I will bring these questions to our meeting tonight and see what everyone says.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Gloria Graham on
Thanks for the info. We have purchased all of the stocks. I don't foresee us purchasing any new stocks. We know it's not the best way but as I said the members are hit or miss for our meetings. Very frustrating.
Be very careful with this strategy Gloria. Don't mistake luck for a tried and true investment strategy. There's a psychological term knows as confirmation bias that fools a lot of rookie investors. Read up on it. You might be suffering from it. I'll let others expound on the dangers of investing without a plan. Or search the history of Lenny Dykstra. He is the perfect example of someone whose confirmation bias cost him everything. Good luck.
We have never used the SSG. Our club is small and participation is hit or miss. We purchased stock based on companies we were familiar with. I can't say it was smart but our Apple purchase so far has been the largest gain.
For those who do not use the SSG, how do you make your Buy and Sell decisions? Do you have a way to compare companies so that you are buying "the best" in an Industry?
Only about half of the magazine interests me, but I get good information and ideas from several parts of it. One of my clubs even has a portion set aside for presenting information from the magazine. Another club is in the throes of deciding whether to stay with Toolkit or
switch to the on-line version (some of us are Apple users), but we all get a lot out of BI membership, including data in a very useful format. We are attracting new members, so several watch the webinars in order to learn how to evaluate stocks. (Some of us with more experience also watch them as a form of "continuing education.")
Roy Chastain
"In investing, there is no such thing as a called strike.
You don't have to swing at every pitch." --Warren Buffett
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Thursday, June 19, 2014 7:00 AM Subject: Re: [club_cafe] Better Investing upgrades
Interesting question. In the beginning, we
were pretty dependent on the SSG tool. Now, I'm not so sure. I use it because it's super quick and easy, but I'm not sure if my whole club does. We do have a guideline that we won't purchase a stock until it's been evaluated by the SSG. I'm not a big fan of the magazine. I will bring these questions to our meeting tonight and see what everyone says.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Roy Chastain on
Thank you for your input, and your questions. If a club isn't using the SSG, then paying for the data feed does seem foolish. But, I have yet to find a way to access the information in an easier format. Also, why did they initially join BI (or NAIC in previous years), if they didn't intend to use the tools, or at least the methodology?
As a substitute, I suggest membership in iClub/Stock Central which provides the same data plus other good
information. (Because of Stock Central's information, I actually have a membership with them and use several of their tools. I first subscribed when BI's data came from S&P so I had a good comparison, but I find it useful to continue my membership even now.)
Roy Chastain
"In investing, there is no such thing as a called strike. You don't have to swing at every pitch." --Warren
Buffett
From: Stuart Weissman via bivio.com <user*15236200001@bivio.com> To: "club_cafe@bivio.com" <club_cafe@bivio.com> Sent: Thursday, June 19, 2014 9:29 AM Subject: Re: [club_cafe] Better Investing upgrades
Agreed Roy.
If you don't use the SSG and the main use of most of our BI memberships is to obtain the SSG data, then why would a club pay the fee?
I too am curious what the club uses for buy and sell decisions if not the SSG? And are they successful?
Stuart Weissman
Peg Wentworth on
Our club stopped using the SSG in the first six months of our existence
since, at least at that time, it was a lot of work to fill one out and it was
historical information, not forward looking at all.
We do have definite rules that work for the king of investing we do. We buy
growth stocks. We have read two books by Investors Business Daily founder
William O'Neil and several of us have taken seminars that IBD offer, some free.
We buy stocks in companies that have a track record of 25% increase in sales,
25% increase in quarterly earnings, 17% ROE, and other factors that show sound
fundamentals, such as cash flow. We use charts to pick entry points and price
targets. We have had good results and have gone to cash twice in our history
when we needed to be out of the market. While not in the market during the
financial mess, we read a book on technical analysis and one on reading company
reports so our members stayed engaged until we started to buy stocks
again.
We have fiddled over the years with our own Stock Selection sheet and have
had one for three years that we like with the info we need to make informed
decisions. I imagine this works well for us because our members like momentum
stocks. This might drive some people - such as buy and hold no matter what folks
- up a wall.
Since we signed on with Bivio, we no longer need the accounting system from
Better Investing, so we are not members any longer, which saves money every
year.
Interesting
question. In the beginning, we were pretty dependent on the SSG tool. Now,
I'm not so sure. I use it because it's super quick and easy, but I'm not
sure if my whole club does. We do have a guideline that we won't purchase a
stock until it's been evaluated by the SSG. I'm not a big fan of the
magazine. I will bring these questions to our meeting tonight and see what
everyone says.
I'm considering whether recommending to our club on renewing and
whether to include any upgrades. In particular the extra cost to use their
online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been
your experience? What about using their "online stock data" service? The
primary benefit I foresee for our club is using a common approach to
evaluating value-based stocks. I'm interested in the experience of
others.
Deep Shikha on
We subscribed to investor advisory service for a while. Now we depend on multiple sources such as S&P, Morningstar, Value line etc. All these resources are available at our local library.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
Gloria Graham on
I agree Peg, the SSGs are a lot of work and we have been with Bivio and have recently joined the cafe. A great resource! We still need to be wiser about purchasing stock. So far so good.
On Jun 19, 2014 2:19 PM, "Peg Wentworth" <pegw@comcast.net> wrote:
Our club stopped using the SSG in the first six months of our existence
since, at least at that time, it was a lot of work to fill one out and it was
historical information, not forward looking at all.
We do have definite rules that work for the king of investing we do. We buy
growth stocks. We have read two books by Investors Business Daily founder
William O'Neil and several of us have taken seminars that IBD offer, some free.
We buy stocks in companies that have a track record of 25% increase in sales,
25% increase in quarterly earnings, 17% ROE, and other factors that show sound
fundamentals, such as cash flow. We use charts to pick entry points and price
targets. We have had good results and have gone to cash twice in our history
when we needed to be out of the market. While not in the market during the
financial mess, we read a book on technical analysis and one on reading company
reports so our members stayed engaged until we started to buy stocks
again.
We have fiddled over the years with our own Stock Selection sheet and have
had one for three years that we like with the info we need to make informed
decisions. I imagine this works well for us because our members like momentum
stocks. This might drive some people - such as buy and hold no matter what folks
- up a wall.
Since we signed on with Bivio, we no longer need the accounting system from
Better Investing, so we are not members any longer, which saves money every
year.
Interesting
question. In the beginning, we were pretty dependent on the SSG tool. Now,
I'm not so sure. I use it because it's super quick and easy, but I'm not
sure if my whole club does. We do have a guideline that we won't purchase a
stock until it's been evaluated by the SSG. I'm not a big fan of the
magazine. I will bring these questions to our meeting tonight and see what
everyone says.
I'm considering whether recommending to our club on renewing and
whether to include any upgrades. In particular the extra cost to use their
online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been
your experience? What about using their "online stock data" service? The
primary benefit I foresee for our club is using a common approach to
evaluating value-based stocks. I'm interested in the experience of
others.
Kimberly Hazen on
A while back, I spoke at our local Better Investing chapter (I do presentations on investment fraud for work) but I was lucky enough to sit in on a presentation from Avi Horwitz about interpreting the SSG. It really is a powerful tool...that we probably use 10% of it's capacity. I'm attaching his powerpoint. It's fantastic information about how to look at risk, what the graphs tell you, etc. It even points out ways to look at patterns with the stocks growth over the years using real-world examples. The trick, as we know is not to find a great company (there are so many) but to find a great company at a great value. Our group likes the analogy of the cashmere sweater on the clearance rack. :-)
Yes, the SSG is backwards-facing...but remember, NO stock study can predict the future. We look at the past - how a company handled good times and bad - to determine how they MIGHT handle the future.
Our group has done pretty well with this strategy.
On Thu, Jun 19, 2014 at 1:21 PM, Deep Shikha <dshikha@stkate.edu> wrote:
We subscribed to investor advisory service for a while. Now we depend on multiple sources such as S&P, Morningstar, Value line etc. All these resources are available at our local library.
I'm considering whether recommending to our club on renewing and whether to include any upgrades. In particular the extra cost to use their online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been your experience? What about using their "online stock data" service? The primary benefit I foresee for our club is using a common approach to evaluating value-based stocks. I'm interested in the experience of others.
A while back, I
spoke at our local Better Investing chapter (I do presentations on investment
fraud for work) but I was lucky enough to sit in on a presentation from Avi
Horwitz about interpreting the SSG. It really is a powerful tool...that we
probably use 10% of it's capacity. I'm attaching his powerpoint.
It's fantastic information about how to look at risk, what the graphs tell you,
etc. It even points out ways to look at patterns with the stocks growth
over the years using real-world examples. The trick, as we know is not to
find a great company (there are so many) but to find a great company at a great
value. Our group likes the analogy of the cashmere sweater on the
clearance rack. :-)
Yes, the SSG is
backwards-facing...but remember, NO stock study can predict the future. We look
at the past - how a company handled good times and bad - to determine how they
MIGHT handle the future.
Our group has
done pretty well with this strategy.
On Thu, Jun 19, 2014 at 1:21 PM, Deep Shikha <dshikha@stkate.edu> wrote:
We subscribed to investor advisory service for a while. Now we
depend on multiple sources such as S&P, Morningstar, Value line etc. All
these resources are available at our local library.
I'm considering whether recommending to our club on renewing and
whether to include any upgrades. In particular the extra cost to use their
online stock selection guide service. See a tutorial / example here:
Have others used the BI online stock selection guide and what has been
your experience? What about using their "online stock data" service? The
primary benefit I foresee for our club is using a common approach to
evaluating value-based stocks. I'm interested in the experience of
others.