Stocks for Seniors
There was a clear messages 4 days before this market sell off started and I was at 100% cash position. Likely this correction will last at least until June 2025. Market will tell us when a new upward move has begun.
I am offering to sell 25% of my Stockbook Management Inc. for $300,000 ($1 per share) and I will stay as the manager of the newly formed Stockbook Fund LP. I am the only shareholder of the management corporation.
Strategy: As a Senior Citizen, all my planning and strategy for selecting stocks comes from my view as a Senior.
My investing niche requires the patience of a Senior to score the +49.1% annualized return I got last year (details of all 2024 trades are available) Right now we are 100% cash. The overall market must be slowly advancing to support stock purchases, so I will wait to get back into stocks. I made 52 trades to earn the +49% over about a year.
Mutual funds have so many shares to manage, that they can't get in or out of a stock that should be traded ASAP.
Limiting the amount of money in my fund will protect higher percentage returns. I will Max the fund at $20M.
Background: My story is a crazy loop as a college dropout, trucking owner/driver, stock market splasher, and finally, a person producing conservative yet profitable stock and ETF recommendations for seniors to make a few bucks.
My Startup: At age 19, I bought a small trucking company and studied the stock markets at night. In 10 fast years I opened my own hedge fund with $1000 from readers of my weekly stock newsletter. Because I quickly got 50%+ returns, the media was interested in my story because of my ex-truck driver angle. I got published by the NY Times, San Francisco Chronicle, Money Magazine, Bloomberg Media plus a call-in series on CBS Radio. CNBC-TV labeled me "Truck driver turned hedge fund manager" and put me on the trading floor show to pick stocks:
See my CNBC-TV video on Stockbook.com
My first stock fund had a good run for 11 years until the economic meltdown in 2008 wiped me out. After taking time off, I went into trucking mergers and acquisitions working for my friend Dawn and her freight company; while still keeping a quiet eye on stocks.
In 2018, I started working on a new stock market strategy for Senior investors just as Covid hit. I did not get back to it until 2022 and finally started using it in 2023.. We hit +49.1% right out of the gate in 2024.
Stockbook Management Inc also owns the Stockbook Stock Fund LLC.
Thank you for reading!
pat@stockbook.com
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