Hi Mr. Gupta,
It is good to see you here!
We have been very busy and rarely post on the SA boards these days, but we continue to read your posts (they led us here to this very good board, in fact, although our father – ADrumlinDaisy/ChanceEldrDancer – told us also that we should look at it).
Anyway, we truly admire your approach to investing, which is very similar to TMF1000’s, and we have been trying to implement it. But we just do not have the time or, honestly, expertise to evaluate stocks or companies to the extent that would give us an edge over the market in figuring out when there is an opportunity to buy at better value points. So what we do is just buy Stock Advisor BBN’s when we have money, and rely on the BBN classification as indicating that we are buying at better value points. We do not worry too much about whether we already own a BBN or not since as a practical matter this procedure does not really seem to produce huge over-weighting.
We think David (especially) and Tom and Jim M and Jason M are extremely good investors, and we rely on them heavily. That has been working very well so far, but of course everything has been working very well since 2009!
Also, because we have small portfolios but add money monthly, we do not maintain much of a cash cushion. We plan to do that over time, though.
We are intrigued by Saul’s approach to investing, which seems very, very different. He has a concentrated portfolio and a very strong growth emphasis, as far as we can tell so far. He is very impressive, as is this board, but we are a little concerned that even brilliant people like Anirban and Saul may not be able to duplicate the depth of research and analysis that the MF Stock Advisor staff can do.
Of course, Saul beat them all when it came to WPRT!! So we are not really sure what to think.
Anyway, we just wanted to say hi and, if you have time and it is not a bother, seek your quick feedback on the above approach we are taking. We know you are busy though and do not want to inconvenience you, so we understand if you do not want to respond!
Very best wishes,
Martha and Victoria
(We could not possibly try to write this post in haiku!)