Dec
01
2010
Right when it looked like the S&P 500 stock market index was going to spoil the party by catching our investment club’s portfolio for the calendar year of 2010, it stumbled and we distanced the index yet again. I’m making it sound like a sporting event on ESPN. That’s on purpose. The stock markets are …
Permanent link to this article: http://andrewhallam.com/2010/12/manic-stock-market-moves-and-the-delusions-of-the-intelligent/
Nov
30
2010
The 3M investment club isn’t really trying to beat the market for the ninth year in the row. It would be nice if we did. But trying to do something like that would be silly. In some ways, it’s a bit like watching a rising tide, concentrating on it, and “trying” to make it wash …
Permanent link to this article: http://andrewhallam.com/2010/11/just-when-you-thought-you-could-beat-the-market/
Oct
28
2010
Investment Club Performances and Holdings Our investment club has been running since October 7, 1999. Our average annual return has been 8.1%. We have beaten every equity based mutual fund from the biggest actively managed mutual fund company in America … read more —with the sole exception of the American Fund’s New World Fund, which …
Permanent link to this article: http://andrewhallam.com/2010/10/investment-club-performances-and-holdings-28-oct-10/
Oct
03
2010
Our investment club is like a baseball team that keeps hitting singles. Nothing flies out of the ball park, but we commit to the stocks we buy, average down on them if their prices drop, and with patience, we’ve made it to home plate, over and over again. Someone dollar cost averaging into our investment …
Permanent link to this article: http://andrewhallam.com/2010/10/investment-club-performance-revealed/
Sep
04
2010
This is an update for our private investment club. We aren’t accepting any new members, but where the information isn’t sensitive to individuals (their balances, full names etc) I’ll be posting periodic results and information. First of all, thank you Allan for your deposit. I’ll be keeping it in cash for now, and if another …
Permanent link to this article: http://andrewhallam.com/2010/09/investment-club-update-2-sep-2010/
Aug
28
2010
Memo to the 3M Investment Club… Members, do you recall me buying Wesco Financial this summer? I mentioned that it was trading below book value–meaning that if you liquified its assets, paid off debts and divided the asset among all shareholders, each shareholder would receive more cash than their shares were worth. The funny thing …
Permanent link to this article: http://andrewhallam.com/2010/08/investment-clubs-stock-climbs-a-ladder/
Aug
19
2010
In July of 1999, I joined a group of teachers in an investment club. Coined, somewhat mockingly, “The millionaire club” by some of our fellow teachers, our arguably geeky goal was to pool our money, invest it in the stock market, and become rich. More than a decade after we started, we’re still chasing the …
Permanent link to this article: http://andrewhallam.com/2010/08/half-a-million-dollars-from-fifty-bucks-a-month/
Jun
13
2010
Few people ever consider the effects of survivorship bias and taxes on actively managed mutual funds, but this study did. According to a study in the Journal of Portfolio Management (26, no. 4, 2000) the average actively managed stock based mutual fund lost to the S&P 500 by 3.2% annually, after taxes, over a 20 …
Permanent link to this article: http://andrewhallam.com/2010/06/how-we-keep-beating-the-sp-500-index%e2%80%94by-a-very-wide-margin/
I'm Andrew Hallam. Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School
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