Author archives: Jin Won Choi

Interview With Resurgent Capital, An Activist Investor In The Microcap Space

Last update on July 24, 2017.

Image Credit: Lemau Studio / Shutterstock.com

 

[Jin's Note: I occasionally conduct interviews with fund managers and other investors to document their unique approach to investing. The following is an interview I conducted with Joel Freudman, manager of Resurgent Capital.]

Jin: Could you please introduce yourself?

Joel: My name is Joel Freudman. I am born and raised in Toronto, and studied Commerce at the University of Toronto and Law at Western University. I practiced law for about six years before deciding to establish Resurgent Capital Corp. In addition, I have been managing my personal investment portfolio for over ...

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Final Commentary On Premium Portfolio Stocks Premium Only

Last update on July 17, 2017.

Image Credit: Mut Hardman / Shutterstock.com

On the third Monday of each month, I’ll comment on the performance of the premium portfolios and provide some additional analysis related to individual stocks. In this article, I will also provide a brief commentary on all stocks in the Premium portfolios and reflect on why many stocks in the portfolios didn’t perform up to expectations.

 

Premium Portfolio News

The performance of MoneyGeek's Premium portfolios for the month of June 2017 were as follows:

 

Jun 2017

Last 12 Months

Since Apr 2013

Moderately Aggressive

-4.6%

+2.5%

+37 ...

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My TFSA Update June 2017 - Throwing In The Towel On Long Term Oil Prices

Last update on July 10, 2017.

Image Credit: Yeongsik Im / Shutterstock.com

 

In this series, I (Jin Choi) talk about my goal of reaching $1 million in my TFSA account by 2033. If you want to know what a TFSA is, I recommend you read my free book. In this post, I’ll also provide updated numbers on the global oil supply and demand forecast, and explain why I no longer think that oil is guaranteed to reach $60/barrel.

 

June Results: Down 14.3%

At the end of June, I had $46,583 in my TFSA account, which was down by ...

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Why MoneyGeek's Portfolios Don't Include XRB or ZRR

Last update on July 3, 2017.

Image Credit: ahmetemre / Shutterstock.com

 

At the beginning of every month, I brief members on how MoneyGeek's Regular portfolios have performed and comment on the state of the financial markets. In this update, I’ll also explain why I’ve decided not to include real return bonds in MoneyGeek’s model portfolios.

 

June Performance of Regular Portfolios

The performance of MoneyGeek's Regular portfolios for the month of June 2017 were as follows:

 

Last Month

Last 12 Months

Since Apr 2013

Slightly Aggressive

-3.1%

+19.4%

+77.4%

Balanced

-2.9%

+17.2%

+64.5%

Slightly Conservative ...

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Can Stock Price History Be Used To Predict Future Prices? Part 1: Convolutional Neural Networks

Last update on June 26, 2017.

Image Credit: Arkadiy Chumakov / Shutterstock.com

 

In my first set of articles on machine learning, I investigated whether deep neural networks, when trained on financial ratios, could predict future stock prices. The conclusion I drew in the second article was that no, financial ratios didn’t predict future stock prices. This finding was consistent with other people’s observations that algorithm driven value investing hasn’t worked in the past decade or so.

But while value investing hasn’t worked, other relatively simple strategies have. Some of these strategies solely act on signals drawn from the behaviour of stock prices ...

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Updates To BXE And MEG Valuation Models Premium Only

Last update on June 19, 2017.

Image Credit: zhu difeng / Shutterstock.com

 

On the third Monday of each month, I’ll comment on the performance of the premium portfolios and provide some additional analysis related to individual stocks. In this article, I will also discuss the updated valuation models for Bellatrix Exploration and MEG Energy.

 

Premium Portfolio News

The performance of MoneyGeek's Premium portfolios for the month of May 2017 were as follows:

 

May 2017

Last 12 Months

Since Apr 2013

Moderately Aggressive

-1.1%

+8.3%

+44.8%

Very Aggressive

-1.2%

+6.3%

+17.1%

Extremely Aggressive

-1.3 ...

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My TFSA Update May 2017 - Zargon and Twin Butte Debentures

Last update on June 12, 2017.

Image Credit: zimmytws / Shutterstock.com

 

In this series, I (Jin Choi) talk about my goal of reaching $1 million in my TFSA account by 2033. If you want to know what a TFSA is, I recommend you read my free book. In this post, I’ll also recount my experience investing in Zargon and Twin Butte debentures, and I’ll use that experience to explain why I still stubbornly hold onto my oil and gas stocks.

 

May Results: Down 8.9%

At the end of May, I had $54,330 in my TFSA account, which was down ...

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Does The Political Turmoil In The U.S. Matter?

Last update on June 5, 2017.

Image Credit: dimbar76 / Shutterstock.com

 

At the beginning of every month, I brief members on how MoneyGeek's Regular portfolios have performed and comment on the state of the financial markets. In this update, I’ll also discuss the impact that the U.S. political situation could have on the stock market.

 

May Performance of Regular Portfolios

The performance of MoneyGeek's Regular portfolios for the month of May 2017 were as follows:

 

Last Month

Last 12 Months

Since Apr 2013

Slightly Aggressive

-1.7%

+21.1%

+83.1%

Balanced

-1.5%

+18.6%

+69.3%

Slightly ...

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What's A Trend Following Strategy, And Why Does It Work? - My Conversation With Kevin Vandermeer

Last update on May 29, 2017.

Image Credit: patpitchaya / Shutterstock.com

 

In this new series, I will interview different investment managers and document their unique strategies. The following content is based on my conversation with Kevin Vandermeer, who manages the Resilient Canadian Equity Trend Fund.

Kevin is an accomplished investment manager who won the Lipper Award and the TopGun Award in the past for his “fundamental approach” to investing. The fundamental approach (or fundamental analysis) is synonymous with value investing; that is, the approach involves trying to understand the actual business underlying each stock. So I was surprised when Kevin told me ...

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Sometimes, It Pays To Be Hostile Premium Only

Last update on May 22, 2017.

Image Credit: Pavel Chagochkin / Shutterstock.com

 

On the third Monday of each month, I’ll comment on the performance of the premium portfolios and provide some additional analysis related to individual stocks. In this article, I will discuss Total Energy Service’s hostile takeover of Savanna Energy Services.

 

Premium Portfolio News

The performance of MoneyGeek's Premium portfolios for the month of April 2017 were as follows:

 

Apr 2017

Last 12 Months

Since Apr 2013

Moderately Aggressive

0.0%

+13.8%

+46.3%

Very Aggressive

-0.6%

+10.2%

+18.5%

Extremely Aggressive

-1.1%

+6.8 ...

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