Hobby: Investment stuff

A reader commented on an off-handed remark I made about managing the Smith Family Hedge Fund with this:

I’m a lurker from the northwest, have been enjoying reading about your plans and the implementation of them. I encourage you to write about your Smith Family Hedge Fund activities; I’d be very interested in your perspectives. Thanks for sharing your experiences!

With that little bit of encouragement, and it does not take much, I will soon launch into a description of what and how I proceed in this avocation, but first some important disclaimers:

1)  Nothing here constitutes investment advice.  I am neither competent nor licensed to give that.

1a)  Everyone, myself included, is responsible for their own investment decisions.  It does not matter whether you follow the advice of a highly paid adviser, a hot stock tip by an anonymous poster on some internet forum, advice from your brother-in-law or shoeshine girl (or some random dude who writes about his hobby on a retirement blog) – you and you alone are responsible for your decisions.

2)  I may use some company names to illustrate specific points, but that does not mean I am giving a positive or negative recommendation on those companies.

3)  These activities are something I do for fun, but it is serious stuff.  My background as a research analyst is certainly helpful.  What I do is ill-suited to people who do not have the time or inclination to engage is the level of study and work that I do – about 10-20 hours during most weeks.

4)  There are some good resources for folks who do want to learn more and who may be interested in becoming self-directed investors, but many people may also be well served by using a registered financial adviser, investing in index funds or one of the relatively new “retirement date” funds.  I also have no advice on any of those.  I will provide information and web links to some of the resources I use.

If we can kind of agree on those disclaimers and points, I will put some stuff out there in the not too distant future.

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