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Sir Isaac Newton: Monumental Scientist, Terrible Investor

  • January 30, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior, Seeking Prudent Advice

220px-GodfreyKneller-IsaacNewton-1689Most people recognize Sir Isaac Newton as one of the most influential scientists of all time, but did you know he was a horrible investor?

Newton’s experience with the South Sea Company vividly demonstrates the financial perils of chasing hot markets, getting caught up in investment bubbles, and not maintaining a diversified portfolio.

In the early 18th century the South Sea Company was established and given a monopoly on trade in the South Seas in return for assuming England’s war debt.  Investors liked the idea of that monopoly and the company’s stock began to take off.

Newton hear the siren call of the South Sea Company, invested his cash in early 1720 and managed to turn a nice profit.  But then the stock kept soaring after he had gotten out. So Newton jumped back into the stock with a lot more money than his original investment.

Newton subsequently lost 20,000 pounds, almost all of his life savings!  From this terrible outcome, Newton supposedly decreed, “I can calculate the movement of the stars, but not the madness of men.”

No warning on Earth can save people determined to grow suddenly rich.
— Lord Overstone

newton-investsSource: Sovereign Man

 

 


What’s a Mom Worth?

  • January 23, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Economy
Stay-at-home moms work an average of 94 hours a week and would collect a “mom salary” of $113,586 a year.
stay-at-home-mom2013

Working mothers spend 40 hours a week at the office, but then come home
working-mom2013 and perform an average of 58 hours per week on household and childcare duties.

Market Timing & Emotions ~ Afflictions of the Average Investor

  • January 16, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior, Performance, Personal Finance, Seeking Prudent Advice
investor-results

Click to enlarge

This chart of 20 years of market data vividly demonstrates a painful lesson.  The average investor* badly trails all classes of investment assets.

The primary culprit for this deficit is ill-fated attempts to time the market and emotionally driven decisions to move in and out of the markets.

Most individuals claim to be long-term investor until their portfolio drops 10% and suddenly there’s panic.

Our primary role as an investment advisor is to help our clients have the discipline to ignore the gyrations of the markets and keep the long view when it comes to their investments.

* Average investor refers to individual investors across the United States


North Carolina Stocks Were Strong Performers in 2013

  • January 9, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Performance

north_carolina_flagThe fifty largest publicly traded companies headquartered in North Carolina fared very well overall in the 2013 stock market.  The Tarheel group gained 28.3%,  comparable to the 29.6% put up by the S&P 500.

Note the 2013 returns were much larger than the long-term average.

These NC stocks have return 12.3% per year over the last 5 years, far outperforming the S&P 500 which delivered only 4.8% over the same time period (2008-2013).

North Carolina’s 50 largest publicly traded companies, excluding companies that went public during the year. They are in order by annual revenue.

Company Headquarters 2013 close 2012 close 2008 close 1-year return 5-year return
Bank of America Corp. Charlotte $15.57 $11.61 $14.08 34% 11%
Lowe’s Cos. Inc. Mooresville $49.55 $35.52 $21.52 39% 130%
Duke Energy Corp. Charlotte $69.01 $63.80 $45.03 8% 53%
Nucor Corp. Charlotte $53.38 $43.16 $46.20 24% 16%
VF Corp. Greensboro $62.34 $37.74 $13.69 65% 355%
BB&T Corp. Winston-Salem $37.32 $29.11 $27.46 28% 36%
Family Dollar Stores Matthews $64.97 $63.41 $26.07 2% 149%
Sonic Automotive Inc. Charlotte $24.48 $20.89 $3.98 17% 515%
Reynolds American Inc. Winston Salem $49.99 $41.43 $20.16 21% 148%
Pantry Inc. Cary $16.78 $12.13 $21.45 38% -22%
Laboratory Corp. of America Burlington $91.37 $86.62 $64.41 5% 42%
SPX Corp. Charlotte $99.61 $70.15 $40.55 42% 146%
Lorillard Inc. Greensboro $50.68 $38.89 $18.78 30% 170%
Harris Teeter Supermarkets Matthews $49.35 $38.56 $27.65 28% 78%
Hanesbrands Inc. Winston Salem $70.27 $35.82 $12.75 96% 451%
Ingles Markets Inc. Black Mountain $27.10 $17.26 $17.59 57% 54%
Carlisle Cos. Inc. Charlotte $79.40 $58.76 $20.70 35% 284%
Babcock & Wilcox Co. Charlotte $34.19 $26.20 N.A. 30% N.A.
Chiquita Brands International Charlotte $11.70 $8.25 $14.78 42% -21%
Alliance One International Morrisville $3.05 $3.64 $2.94 -16% 4%
Old Dominion Freight Line Thomasville $53.02 $34.28 $12.65 55% 319%
Martin Marietta Materials Raleigh $99.94 $94.28 $97.08 6% 3%
Snyders-Lance Inc. Charlotte $28.66 $24.12 $22.94 19% 25%
Coca-Cola Bottling Co. Charlotte $73.19 $66.50 $45.96 10% 59%
Cree Inc. Durham $56.04 $52.96 $13.22 6% 324%
Fresh Market Inc. Greensboro $62.52 $33.98 $15.87 84% 294%
Red Hat Inc. Raleigh $40.50 $48.09 N.A. -16% N.A.
Piedmont Natural Gas Co. Charlotte $33.16 $31.31 $31.67 6% 5%
RF Micro Devices Inc. Greensboro $5.16 $4.48 $0.78 15% 562%
EnPro Industries Inc. Charlotte $57.65 $40.90 $21.54 41% 168%
First Citizens Bancshares Raleigh $222.63 $163.50 $152.80 36% 46%
Horizon Lines Inc. Charlotte $0.84 $1.50 $87.25 -44% -99%
Fairpoint Communications Inc. Charlotte $11.31 $7.95 N.A. 42% N.A.
Cato Corp. Charlotte $31.80 $27.43 $15.10 16% 111%
Salix Pharmaceuticals Ltd. Raleigh $89.94 $40.47 $8.83 122% 919%
Pike Corp. Mount Airy $10.57 $9.55 $12.30 11% -14%
Unifi Inc. Greensboro $27.24 $13.01 $8.46 109% 222%
Polypore International Inc. Charlotte $38.90 $46.50 $7.56 -16% 415%
Highwoods Properties Inc. Raleigh $36.17 $33.45 $27.36 8% 32%
Xerium Technologies Inc. Raleigh $16.49 $3.05 $13.20 441% 25%
Speedway Motorsports Inc. Concord $19.85 $17.84 $16.11 11% 23%
Krispy Kreme Doughnuts Inc. Winston-Salem $19.29 $9.38 $1.68 106% 1048%
Tanger Factory Outlet Centers Inc. Greensboro $32.02 $34.20 $18.81 -6% 70%
Insteel Industries Inc. Mount Airy $22.73 $12.48 $11.29 82% 101%
Culp Inc. High Point $20.45 $15.01 $1.98 36% 933%
Powersecure International Inc. Wake Forest $17.17 $7.81 $3.29 120% 422%
Hatteras Financial Corp. Winston-Salem $16.34 $24.81 $26.60 -34% -39%
Swisher Hygiene Inc. Charlotte $0.55 $1.73 $0.37 -68% 49%
Triad Guaranty Inc. Winston-Salem $0.27 $0.07 $0.38 286% -29%
Cornerstone Therapeutics Inc. Cary $9.49 $4.73 $2.65 101% 258%
 
NC 50 OVERALL 28.3% 12.3%
S&P 500 29.6% 4.8%
  annualized

source: Charlotte Observer


All 10 Stock Sectors Post Gains in Big Year

  • January 2, 2014/
  • Posted By : admin/
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  • Under : Performance
stocksectors2013

Click to enlarge

All 10 of the S&P 500’s stock sectors finished 2013 in positive territory. Stocks most closely tied to economic growth fared best in 2013, while those typically regarded as the safest bets logged the year’s smallest gains.

Source: WSJ


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