Investment Training Outline

Turtle Point # 14

Understanding the Investment Environment: (a) Learning how to recognize and to deal with the three cycles that impact investment portfolios. (b) Coping with the information disseminated by The Wizards of Wall Street and the spin it receives from the Financial Media. (c) Formulating realistic expectations about investment securities... by class and by type. (d) Identifying the Risks inherent in Investment Securities. 

Appreciating Basic Risk Minimization Techniques: (a)  Understanding the purpose/use of Asset Allocation. (b) Developing appropriate security selection criteria. (c) Establish diversification rules. (d) Adopting flexible (downward only) profit taking guidelines.  

Exorcize the Wall Street Demons: (a) For Equities, using The Working Capital Model for calendar year performance evaluation and portfolio market value for Peak-to-Peak performance monitoring (b) For Income Securities, using realized income alone for yield analysis.  (c) Using The Working Capital Model for all Asset Allocation and Diversification decision making.

Miscellaneous Tools, Concepts, and Ideas: (a) The Investment Grade Value Stock Index (IGVSI), and related numbers, track the price movements and market statistics that relate solely to Investment Grade Value Stocks. (b) The Working Capital Model brings calm and patience to the cyclical realities of the markets. (c) The Investor's Creed sums up the portfolio cash component philosophy. (d) Base Income is the stuff you need to pay the bills, regardless of your portfolio market value. (e) Securities Buckets (just two) are the conceptual holding areas for your asset allocated securities. (plus)  Fundamentals, IRE, Issue Breadth, K I S S Principle, Leverage, Liquidity, Selection Universe, Smart Cash, Uncertainty, Working Capital, etc.