Invest with Confidence: Your Guide to Profitable Portfolios
Hi, this is Terry Prman from Georgia Advisory Group. Dave is traveling today, and he asked me to send out a quick update on the market and what we’re currently doing.
For those I haven’t met, this is my 40th year in the investment business. More importantly, Dave and I have worked together for 28 years. My role here is to handle a lot of the trading, placing orders, and working closely with Dave on our strategy.
It seems that every time we have a couple of down days back to back, we receive a few calls. For most clients with us for more than 10 years, calls are rare. However, for those newer clients or those who haven’t had the chance for a good up-market lately, there are more questions.
Our overall strategy hasn’t changed much over the years. We stick to having 10 or fewer positions in our accounts, closely following 25 or 30 stocks. We’ve found that 10 or fewer positions work best. We only invest in stocks of companies that consistently deliver profits. We use options from time to time to enter the market at a lower price or protect profits in stocks we already own.
As an example, we aim for long-term investments. Historically, the majority of one-year returns have been positive (73%), as well as three-year (84%), five-year (88%), and ten-year (94%) periods. Staying in the market and thinking long term has consistently proven beneficial.
Currently, we’re holding more cash than usual. While there’s a lot going on in the market, we have good T-bill and money market positions, actively seeking opportunities to enter the market. In many cases, we sell put options to enter the market, taking in revenue for the right to buy a stock at a lower price. This approach allows us to profit whether the stock goes up or down.
The purpose of this video is to assure you that we’re on top of things, actively looking for opportunities to enter the market at a profitable rate. We’re always striving to position you to make the most of market conditions. If you have any questions, don’t hesitate to call us. Thanks for your time, and have a great weekend. Thank you.
