See how the WheelieDealer trades shares Safely and Successfully by learning from my investing mistakes. Free Education for beginners. Learn how to buy and sell shares.

Guest Blog from Michael Taylor - Finding Multi-bagger Stocks

17/10/2019

I am extremely grateful to Michael for providing this Guest Blog and making my life easier this week, which has also enabled me to make very good progress on the Stock blog I am working on. I am sure most Readers will already know of Michael as these days he is a huge celebrity in the Private Investing and Trading world with regular articles in Investors Chronicle and SharePad etc.

Michael has a Website and if you go to the ‘Weekly Performance’ page on WD1 you should find an image of his FREE eBook and if you click on that you will be taken to his site. The book is well worth reading and of course I am biased because I was involved in the latter stages of proof-reading and tweaking it. You can find him on Twitter as @shiftingshares.

So big THANKS to Michael for letting me share this with WD Readers and I hope you all enjoy it.

Cheers, WD.

You don’t want to be Over-thinking Things – Part 2 of 2

10/10/2019

This is the Second Part in a small Series of just a couple of Blogs and you probably need to read Part 1 first for this to really make much sense. You can find it here:

http://wheeliedealer.weebly.com/educational-blogs/you-dont-want-to-be-over-thinking-things-part-1-of-2

Macro Stuff
This is personally a tough one for me. I am fascinated by Macroeconomics and Politics and as a result there is a huge problem that I most likely give far too much weight to Macro issues when it comes to managing my Portfolio. I envy people who just seem to be able to blindly ignore Macro and as much as I try to do it, I just tend to find something in the Outlook that worries me.

You don’t want to be Over-thinking Things – Part 1 of 2

3/10/2019

I am sure that in much of my scribbles over the years I have touched on the subject of ‘Over-thinking’ but perhaps not really brought it all together in one blog that hopefully puts the subject nicely to bed. The essence is that I get a strong sense that I have spent many many years learning things about Stocks and Markets and Investing and Trading, and all the related stuff, but it is only in more recent years that I have been actively trying to ‘un-learn’ much of the stuff I know and be a lot more basic and elemental in my approach.

Less is More.

Keep it simple.

Complex is bad.

Stock Buy Checklist – AIM ‘Blue-Sky’ Story Stocks

26/9/2019

A few months ago I produced a series of Checklists to be used when Buying particular kinds of Stocks and then some while later it hit me that I ought to produce one for those very high risk, often loss-making, start-up type businesses on AIM that I avoid on the whole but occasionally I will buy into one. Before getting stuck into this particular one, here are Links to the other ones I produced – in fact this is the final one but it has Links to the others:

http://wheeliedealer.weebly.com/educational-blogs/normal-portfolio-buy-checklist-quality-at-a-fair-price-buffett-stock

Sell in Haste, Regret Forever

19/9/2019

In the Investors Chronicle dated 17th to 23rd May 2019 with ‘The Activist Effect’ as the main headline on the front cover, on page 32 there is an article called ‘Fund Managers are human after all – that’s the problem’, which makes a very good read although it is perhaps a bit ‘academic’. I guess that is where I come in and if I am doing my ‘job’ correctly then I hope I can convert what seems academic into something that normal people can digest.

It was written by Nilushi Karunaratne and the high level summary would be that Portfolio Managers make good Buying Decisions but make poor Selling Decisions – and the interesting bit is that some of the conclusions are perhaps worth taking onboard ourselves as Private Investors (assuming you are not a Portfolio Manager reading this !!) because, contrary to what many people think, institutional investors are often no better than we are (and many are worse). And the simple fact is that human psychological biases apply whoever you are. Later in my Conclusion bit I will address what we can learn.

Only the Unprepared Panic – Part 2 of 2

5/9/2019

Clearly this is Part 2 of these particular Blogs and you can find Part 1 here if you have not already endured it or you need a refresher:

http://wheeliedealer.weebly.com/educational-blogs/only-the-unprepared-panic-part-1-of-2

What can we do to control ‘Panic’?
However much experience we have and however much we prepare and work to reduce the negative impacts, to an extent I think feelings of Panic are pretty much inevitable although perhaps with time we Panic less and it is more a feeling of mild anxiety than a full-on Panic Attack. Anyway, bearing this in mind, it is really about what can we do to lower the dangerous occurrences of such feelings and to reduce their severity when they do strike? I suspect the ‘solutions’ come in 3 categories: Forward Planning, Careful Portfolio Management and Psychological Techniques.

Only the Unprepared Panic – Part 1 of 2

29/8/2019

The ‘working title’ for this Blog when it was just a mere whisp of an idea in the WheelieBonce was ‘Only the Inexperienced Panic’ but the more I thought about it the more I felt this was a bit insulting and in reality we all panic but there are ways we can reduce such episodes and I wanted to talk about how to do this.
As usual with my Blogs, a lot of the ideas just come out of thin air and no doubt my Brain is triggered by something which seems unrelated that I then twist (probably much too far) into a topic loosely related to Investing !! My inspiration for this one came from the icon Thomas Weekes on ‘Misfit Garage’ on Discovery Turbo when he came out with the line, “My old daddy used to say, only the inexperienced panic”, and that cemented the thought in my head.

“You can’t Time the Market” – Part 2 of 2

21/8/2019

As always, if you have not endured Part 1 yet, you really should read it first or none of this will make any sense (I am not guaranteeing that it will make much more sense even if you do read Part 1 but at least you might have a fighting chance) and you can find Part 1 here:

http://wheeliedealer.weebly.com/educational-blogs/you-cant-time-the-market-part-1-of-2

In Part 1 I outlined why “You can’t time the Markets” comes about, but what are its flaws?

Guest Blog from Journal.Investments with a useful FREE Tool

13/8/2019

This Guest Blog has been kindly sent to me in order for Readers to see what Journal.Investments are providing in terms of a Website through which you can record information about particular Stocks in a structured way with various ways to analyse your performance and it is FREE to use. I first became aware of this perhaps a year ago and I have had various chats with the guys who run it with regards to how it can be shared with the wider community. It is now ready so feel free to take advantage. Having proof-read the text they sent me I have to say that it does sound a very useful tool.

I have no commercial relationship with Journal.Investments.

Cheers, WD.

PS. You can find a copy of ‘The Art of Execution’ in Wheelie’s Bookshop if you are desperate to spend money.

“You can’t Time the Market” – Part 1 of 2

8/8/2019

I am definitely courting controversy with this one.

We see it all the time – “You can’t time the Market” and “You must stay fully invested” and all this sort of stuff. To an extent I do agree with this but to be honest it is quite a limited extent and I would make the argument that it is far too simplistic and totally ignores stacks of considerations that we need to weigh up in the Real World. No doubt you will have spotted that I bleat on about ‘The Real World’ all the time and it is a big thing with me. I find that so much Financial Writing is academic and theoretical and so obviously not written by people who actually trade and invest in the Markets on a daily basis – if they did, they wouldn’t write this cr*p.