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How I Made $2,000,000 In The Stock Market (1 of 11)

How I Made ,000,000 In The Stock Market (1 of 11)

Full complimentary video series is available at http://courseinstocktrading.com Dr. Scott Brown takes your hand and walks you through the specifics of how Nicolas Darvas made well over 00000…
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The Truth About Average Stock Market Returns http://www.ChecksandBalances.TV In this special edition of Checks and Balances TV, your host Matt Rettick reveals to you the truth about average…
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Billionaire divorce: How hedge fund manager Ken Griffin made his fortune

Wife wants $ 1M monthly in divorce

Even as a college freshman, Ken Griffin realized superior technology can give investors an advantage.

Back in the 1980s, the future billionaire convinced Harvard University to let him install a satellite dish on the roof of his dorm building so Griffin could get better access to stock quotes.

Griffin would go on to build a $ 24 billion hedge fund empire in Chicago, in part by doubling down on technology. Today he’s one of the wealthiest managers in the hedge fund world.

That fortune is at the heart of a divorce battle with his wife Anne Dias Griffin. She recently raised eyebrows by demanding $ 1 million in monthly expenses, including a whopping $ 160,000 a month for hotels and $ 2,000 a month for stationery.

Citadel’s success: Despite the controversy swirling around Griffin, his hedge fund continues to hit home runs — even as many of its peers are barely hitting singles.

Citadel has three big funds, all of which beat the market by a lot last year. The Citadel Tactical Trading fund surged nearly 27% last year, while its Global Equities Fund climbed over 23%, according to a person familiar with the matter. Citadel’s flagship Wellington fund jumped 18% in 2014.

By comparison, the S&P 500 “only” gained 11% last year. Citadel’s rivals did far worse, with the average hedge fund posting a gain of just 2.2%, according to data tracker eVestment.

“He is one of the top managers — period — among ETFs, mutual funds and hedge funds,” said Raul Moreno, co-founder and CEO of iBillionaire, which tracks the holdings of a pool of uber-rich investors like Warren Buffett and Carl Icahn.

Watch high-speed trading in action

Related: This billionaire’s wife wants $ 1M a month after divorce

A nearly $ 1 billion payday: Citadel’s success is growing Griffin’s personal wealth. He took home an eye-popping $ 950 million in 2013, making him the fifth highest paid manager, according to Institutional Investor’s Alpha, which tracks hedge funds.

That wasn’t an anomaly. He made $ 900 million the year before and has hauled in $ 3.9 billion since 2009, according to Alpha. Forbes pegs Griffin’s current net worth at $ 6.5 billion.

Griffin has been giving away some of that personal fortune, donating $ 150 million last year to Harvard. It was the largest gift in the school’s history at the time. More recently, Griffin donated $ 10 million to Chicago’s Museum of Contemporary Art.

Ken Griffin divorce Despite the divorce drama around Ken Griffin, the billionaire’s hedge fund continues to hit home runs.

Related: Top hedge fund dumps Apple, buys Microsoft

Profitable on Black Monday: Griffin proved early on he had a knack for investing. He capitalized on the stock market crash of 1987 through a hedging strategy that protected him against the downdraft.

He later refined his trade under the guidance of Frank Meyer, a Chicago hedge-fund pioneer who seeded him $ 1 million to help launch Citadel in 1990.

Related: Oil tycoon’s ex wife accepts $ 975M

Technological advantage: In addition to traditional stock picking, Citadel uses sophisticated technology. It developed secretive trading codes that signal when to buy or sell stocks.

“It’s part of their competitive advantage. It’s been working for Griffin for 30 years,” said Moreno.

The tactics also give Citadel exposure to a wide swath of the stock market. While billionaires like Buffett an Icahn take positions in dozens of stocks, Citadel’s most recent filings list more than 7,000 positions, according to Moreno.

“It’s a strategy that works, but very few people know how to do it correctly. You cannot replicate it as an individual investor,” said Moreno.

Related: Warren Buffett ditches Big Oil. Dumb move?

cnn_money_markets_22

How we made nearly $1 million on Apple stock

apple stock ning tingHappy Apple investors: Ning Wang and Ting Qian.

NEW YORK (CNNMoney)

Ning Wang and his wife Ting Qian bought Apple shares in the late 1990s and refused to sell them, even during the dotcom bust and the Great Recession. That faith in Apple has made them nearly $ 1 million.

“We didn’t panic. We know the stock market goes up and down,” said Wang, who first purchased 100 shares of Apple (AAPL, Tech30) with his wife in August 1998.

The couple didn’t budge even when Steve Jobs — the heart and soul of Apple — died in October 2011. That was a smart move. Apple shares have almost doubled since then. Today it’s the most valuable company on the planet.

“We believe a good brand and a good company can last very long after the founder passes away. So we stayed with Apple,” said Wang, who is 59 years old.

Related: Apple just got its mojo back

He shuns the nuts-and-bolts analysis you find at big investment banks.

“At the beginning we realized Apple products are almost like jewels. People are proud of their Apple product. That’s not a technical Wall Street analysis,” he said.

The Queens, N.Y. couple arrived from China as foreign students in the 1980s, earning their Master’s degrees and finding work. They also co-published Advertising in America, a Chinese-language book.

Wang is currently editor-in-chief of Sing Tao Newspapers, a giant Chinese newspaper chain, while Qian is a communications manager at the Institute of Electrical and Electronics Engineers Communications Society.

Related: Apple unveils new iPhones, Apple Watch & ApplePay

Incredible return on investment: The couple decided to purchase 100 shares of Apple (then called Apple Computer Inc.) at $ 34 a piece in 1998, according to trade confirmations provided to CNNMoney.

Taking into account Apple’s stock splits (there was a 2-for-1 split in 2000 and again in 2005, as well as the 7-for-1 split this past June), their initial order of 100 shares translates to 2,800 shares today.

Trade confirmation:

apple stock ticket The original trade confirmation from 1998.

Given the current Apple price of around $ 100, those shares are now worth about $ 280,000. Subtracting their initial $ 3,400 investment leaves a massive profit of $ 276,600 — from that first trade alone.

That’s a phenomenal return on their investment.

Related: More U.S. families own cats than stocks

Wang and Qian also shared with CNNMoney trade confirmations showing they invested in 500 more shares in 1999.

All told, the couple calculates they’ve made $ 650,000 in unrealized profits plus another $ 115,000 in realized profits from some sales.

Lured by Apple products: For Qian, buying shares in a company is like building a long-term relationship. She and her husband were drawn to Apple by a love for the company’s products.

“[Apple’s] financial outlook, numbers and data are essential, but not the main reason to trigger buying the stock,” she said.

Qian, 51, describes herself as a “happy end user of Apple products,” owning everything from the Mac and iPod to the iPhone. She once attended a keynote speech by Jobs and closely followed product launches.

She said she could almost “feel the pain” from Apple’s freefall during the economic crisis.

Related: Apple soars into uncharted territory

Like many investors, the couple made some tweaks over the years. They did sell some shares early last decade only to buy them back at an even lower price. One exception occurred around 2006 when they had to buy them back at a higher price. Since then they’ve rarely taken any chips off the table.

“We realized it was a mistake timing the market on this rising stock,” said Wang.

The iPhone evolved

Related: Tim Cook is not Steve Jobs. So what?

What’s next? The couple’s bargain hunting isn’t limited to just the stock market. In recent years they have purchased and renovated five houses in the Poconos. Four houses were in foreclosure and one was acquired through a short sale.

They’ve also diligently contributed to their 401(k) and IRA accounts, which now have about $ 1.5 million in them.

Qian and Wang love their jobs and have no plans to retire. But thanks to their savvy real-estate and stock investments, they certainly could if they wanted to.

cnn_money_markets_22

77-year-old trader: How I made a lot of money

paul glendorfPaul Glandorf began investing seriously when he retired in his early 60s.

NEW YORK (CNNMoney)

Paul Glandorf rattles off stock ticker symbols the way most people talk about popular TV shows and music.

At age 77, he is anything but a stereotypical Wall Street trader. He lives in Ohio and prefers casual “retiree clothing.” (He put on a tie for this photo.) But his returns would make many top investors salivate.

He participated in an investing competition in 2013 where you had to buy five stocks on January 1 and hold them through the end of the year. His portfolio finished the year with a whopping 71% return.

Four of his picks — LinkedIn (LNKD, Tech30), 3D Systems (DDD), Fidelity National (FNF) and Valeant Pharmaceuticals (VRX) — did extremely well. Then there was Lululemon (LULU) — the yoga apparel retailer whose shares sank more than 20%.

Glandorf took second place in the contest. And he still grumbles about Lululemon.

Learning to invest in retirement: For much of his life, Glandorf didn’t have time to think about the stock market.

He was a pipe fitter who went on to start his own successful construction business in Cincinnati, Ohio.

But the closer he edged to retirement, the more he took an interest in how his funds were invested. He started to wonder if he could do better than some of the folks managing his money.

In his early 60s, Glandorf started a stock club. Fifteen people showed up to the first meeting at the pipe fitters’ training school in Cincinnati.

“We called the club the Stock Wizards because the majority of the group were the exact opposite,” Glandorf says. “You have to laugh at yourself in life.”

The investing club is still going, although it now meets at a senior center. Glandorf has become something of a local stock prodigy.

Calling him the “Oracle of Ohio” — a nod to famed investor Warren Buffett, the Oracle of Omaha — might not be far off.

Related: Investors LOVE Warren Buffett

‘Oracle of Ohio’: Glandorf made a 57% return last year with his overall portfolio. So even though it was hard to lose money last year, it’s still notable that he did much better than the S&P 500’s 30% gain.

Since he took over managing and trading his own funds in 2001, he is clearly doing something right. Glandorf said that he typically invests about $ 10,000 each in a portfolio of about 75 to 80 stocks. So that means he is putting between $ 750,000 to $ 800,000 to work in the market.

“When I invest, I really look at the fundamentals and the technicals of a stock,” he explains. “A lot of times I don’t even know what the names of the companies are. I just know them by symbol.”

His investing philosophy harkens back to his days as a small business owner. He knew he would have to investigate the competition.

The online stock research program MarketSmith is his bedrock. He prefers to buy stocks and hold them for awhile, but he logs on to the site every day to run several screens that generate about a dozen stocks that look good based on the various financial criteria he has developed.

Related: How I saved $ 1 million or more

Paul’s list of stocks: The stocks that pop up on the screen make it into “Paul’s list,” an email that now goes out to many friends, family and past and current members of the Stock Wizards.

“We’ve got some fellas that short stocks and play options. The Wizards invest in many different ways. I only invest in one way: I invest in aggressive growth type stocks,” he says.

“Usually 80% of my selections make money and 20% are losers,” he says. That’s been a pretty constant over time, except at the end of 2007.

Predicting the Great Recession: Perhaps his biggest accomplishment as an investor was recognizing America’s great financial crisis. He made over 50% in 2007 and then got entirely out of the market, a rarity for him.

“I told everybody that I knew to sell their stocks at the end of 2007,” he says. “I was positive the market was going to tank.”

Glandorf stays pretty humble about his good fortune, noting that while he timed it right getting out of the market, it’s tough to know when to jump back in.

Related: See the economy recovery in 17 charts

Some of the stocks he likes now include: Illumina (ILMN), Alexion Pharmaceuticals (ALXN), Actavis (ACT), and United Rentals (URI). All of these are up more than 20% this year with Illumina up over 50%.

He rattles off the tickers on the phone and conceded that he’s not even sure what some of these companies do. But he knows their earnings history and forecasts and things like their price-to-earnings ratios.

Another rule of his: Always invest in equities or cash, no bonds.

The joy of his life these days — besides his grandchildren — is teaching others how to invest. While he tries to give advice, he lets people do what they think is best.

“I always tell people to only invest the amount of money they could afford to lose, although I don’t think they’ll lose much investing the way I do,” he says proudly.

cnn_money_markets_22

Gold import duty hike fear made India buy 15% more in January

Gold import duty hike fear made India buy 15% more in January
"Gold imports are likely to be higher this month. On January 2, the Finance Minister had said the government will take measures to bring down imports. This led traders to buy more gold before the duty was announced," All India Gems & Jewellery Trade …
Read more on Financial Express

Devotee donates pot made of 1 kg gold at Saibaba temple

Devotee donates pot made of 1 kg gold at Saibaba temple
A devotee on Thursday donated a pot made of one kg gold at the Saibaba temple in Shirdi, Shri Saibaba Sansthan trust sources said. The devotee, who had come from New Delhi, donated the one kg gold pot worth Rs32 lakh before the shrine during the …
Read more on Daily News & Analysis

World Central Banks Want Their Gold at Home — Should Investors? (GLD, GDX)
In an effort to meet their rising debt obligations, central banks around the globe have been printing money at a frantic pace. This phenomena is also leading to a global battle in which countries purposely weaken their currencies in an effort to …
Read more on 24/7 Wall St.

Volosozhar and Trankov overcome family tragedy to claim Pairs gold at Europeans
Russia's Tatiana Volosozhar and Maxim Trankov overcame a family tragedy to claim the Pairs gold medal at the 2013 ISU European Figure Skating Championships in Zagreb, Croatia, on Thursday. Four-time World Champions Aliona Savchenko and Robin …
Read more on Golden Skate