You're absolutely correct. But I average 150-200 trades per year. I have been in and out of many stocks thru the years. And 23% average is only for the years I was actively trading. During much of the Bush years I sat on the sidelines. First few years I converted all but 3 stocks to a Bond Index Fund, which was better than the stock market at the time.
If you are not flexible, and willing to change, then you might as well buy Mutual Funds, go fishing and hope for the best. I prefer active trading with only a few long term holds. My long terms are AAPL, BRB-B, CLX, CTWS, EPD, SO, and T. And even those are subject to change. As I've gotten older I have changed, just as the market has, And I am not going to take the time to tell you about the thousands of trades I've mad thru the years.
I do my own research and make my own decisions.
Based on the companies own forward looking statement for 2015 and beyond + the balance of 2014. The downgrades by several firms. And today Zack's downgraded it to a sell. While the return on investment of 11% per year LOOKS good, it's way below my criteria for investing. While EPD isn't much better at ROI of 12.02% the distributions are tax free so, in a taxable investment account the return is actually higher. But then we have the AAPL whose ROI is over 64% for the last 5 years PER YEAR. Even WM (Waste Management) at 23.37% ROI beats the hell out of it and we're talking something that's gonna be needed forever. Yes, there are a lot of better stocks to own right now than ORI.
still like it, I have this in my portfolio for over 5 years, the Market has been in a roller coaster ride lately, but this stock will always be in my portfolio
I am also classified as a 'frequent trader.' My average return on Investment, (ROI) since 1995 has exceeded 23% per year.. I've gone into and out of sectors, converted to Bond Index Fund when GW Bush was elected. The GOP has shown me they are NOT good for investors. Converted to cash midway thru Bush's terms and sold all the banks BEFORE the doodoo hit the fan. Got back into stocks just after Obama was elected, and it's paid off very well. If a stock is NOT making you money - get out and get into something that WILL make you money. Don't hold it hoping for a comeback.
None in the insurance field. this was the only one. I hold, AAPL, BRK-B, CBRL, CCUR, CLX, CTWS, EPD, GE, JNJ, KCAP, KO, PFE, SO, SYY, T AND WM.
Out of the 17 stocks in our portfolio this one, over a 1 year, 2 year and YTD chart, is the WORST performing stock we have. It's the only one that our cost basis is higher than the current market price, and we've cost averaged it down a number of times. I see it going nowhere for the next 2 years with the outlook they provided. 7 of the stocks we hold pay a higher dividend and all 16 have a higher growth rate, especially EPD. I'm bailing out and putting the money to work where we can get some ROI.
Awesome? Down 17% since Nov. 2013. From $17.36 to 14.82. and has a $.01 increase in the dividend since 2009 and it's AWESOME? There are a LOT of stocks way more 'awesome' than this one.
Earnings were 13c if you want to be consistent with previous quarterly reporting. However, the company earned 24c if you add the net realized investment gains. And, if you consider the 8c loss in the run-off business as non GAAP, since it comes out of previously accrued funds, the total earnings is 32c. That is why the net tangible BV increased by 32c and why I only consider this as the true earnings for the Q2. I do understand the logic of reporting 13c, since that is the earnings of the ongoing insurance business, more easily comparable to previous quarters.
Sentiment: Strong Buy