In 2007 I'm ramping up a new product called Shark Sector Timing Service, in which nonaccredited investors can invest through financial advisers. The focus is on timing through sectors and indices. The big change with this sort of investing is the need to be more anticipatory.
When trading a small personal account, I frown upon being highly anticipatory. You can move with great speed, so you need not try to guess what might happen. A fund that invests in sectors has to be more anticipatory to catch rotations and shifts at an earlier point. You can't do the quick scalps and flips that individual traders do, and that makes for a different mind-set.
My goal in this blog has always been to write from the perspective of the individual investor, and I'm going to continue to do just that. I don't know of anyone in the media who really recognizes the unique circumstances of the individual who is managing a small personal portfolio. Almost all the advice about stocks comes from professionals who manage money for others, and they have no recognition of this issue. I discuss this issue in great depth in my book, Shark Investing: How a Deaf Guy with No Job and Limited Capital Made a Fortune in the Stock Market, which is being published by Prentice Hall and will be out in fall 2007.
Its going to be a big year, and I'm looking forward to working with all of you to make it the best ever.
P.S. Will you be there when Cramer makes his next move?
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Rev Shark Blog Not Enough Evidence for Trading 12/29/2006 10:59 AM EST The action is spotty and unpredictable, so don't jump to any conclusions.
Rev Shark Blog The Market's New Year Gift: Start Over 12/29/2006 8:08 AM EST If you preserve your capital, the market offers a variety of ways to make money.
Rev Shark Blog Not Much to Say 12/28/2006 4:25 PM EST Today's action was random and meaningless.
James "Rev Shark" DePorre is the founder and CEO of Shark Asset Management, an SEC-registered investment advisory firm. He also operates sharkinvesting.com, an interactive online community that serves and educates active investors. DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children.Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here to send him an email.
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