Portfolios

From this page you can navigate to any of the three portfolios that I currently run on line. (The portfolios that you’ll find here are exactly the same portfolios that you’ll find on JubakPicks.com. When I make a buy there, it shows up here. (Or vice-versa.) Same with updates. Same with daily changes in the share price.

Let me tell you a little bit about these portfolios if you’re not already familiar with them. The first and longest running, Jubak’s Picks dates back to May 1997 on MSN Money. It’s a medium-term portfolio with a holding period of 12 to 18 months. It's not not a trading portfolio or a buy and hold portfolio. The easiest way to describe it is that it embodies an approach called "tactical asset management" which seeks to identify macro trends in local and global economies, at central banks, in commodity markets... you get the idea.. and then to identify stock (or other asset) picks to take advantage of these trends. I do indeed believe that market history is important but that the market does show changes over time. To take one current example, investing in a market with rising interest rates is very different than investing in a market with falling rates.

The second, the long-term buy and hold-ish Jubak Picks 50 that I launched in my book, The Jubak Picks, has, in contrast, been around only since December 2008. It's an attempt to identify companies with lasting competitive advantages that are likely to contribute to the long term profitability of investments in these companies. But at the same time the portfolio recognizes that even great companies can fall out of favor with investors or get walloped by the macro trends that in form my first portfolio. This list is revised just once a year--the next update will be complete and posted by March 31, 2015.

The third, my Dividend Income portfolio, is a relaunch of a portfolio I began for income investors in December 2005. It's a little (at least) riskier than the average dividend portfolio since the point is to find stocks (and other assets) paying well-above Treasury note yields. That  adds some volatility to individual picks but the goal is long-term capital preservation (even with short-term losses) and yields at 5% or more (ideally.)