Investing Strategies (what best fits you)
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- Опубліковано 27 вер 2024
- Investing strategies can be very different but the key is to find what best fits you!
My passion is to look for low risk high reward investment opportunities. I apply my accounting skills and investing experience in order to find interesting investment ideas that offer the possibility to lead me towards my financial goals.
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Great video Sven! I learned from you that you can't argue with math. Its frustrating to see wonderful businesses with low discount/return potential, but thats life 😂
:-)
Of course
Of course
Sven, I have the same strategy as you, and I overperformed the market big way in 2022(I started invested 1 year ago), and I really want to thank you, you are one of the few who I listened and learned from❤keep it up , you are a legend
Wow, great to hear!
Lol 🙄
Your last video on valueing s&p stocks i saw comments that it wasnt educational and you used to be educational 😳
Thats been one of my favourite things with this channel, learning how to quickly say no to stocks, Buffets quote on being a batter with unlimited strikes just waiting for the perfect pitch.
Your strategy is understandable and solid. The reason most people don’t like it is because you cannot make big money with this strategy in a short amount of time, which is what most people dream of. You cannot even make a living out of it while growing your capital at the same time, unless you have a huge amount of money! You either have to work on the side, inherit a lot, or make it big elsewhere/elsehow in order to use your strategy for growing wealth.
One of the best analysis UA-cam channels, people don't understand the idea that you make money when you buy not when you sell
A YT channel that ADDS VALUE
Great Content!
:-)
Finally someone speaks my language, risk are to high are a no no
I could not agree more with you. I also think highly of Therry Smith, however he buys to expensive for my taste.
I am investing for more than 20 years and became wealthy doing exactly the way you go about investing. I bought Apple Ehen pe was 11…. Unfortunately sold in2020, however valuation was rich by then. Whenever I was not patient enough it was a mistake…… my biggest challenge is still when to sell….. would be great to have a video on how to sell ….. great thanks as always. Keep it up. I obviously belong to the 1 % ….. and watch you channel for 4 years by now…
Great to hear! Thanks!
Good good Sven! I like to hear this
Great!
If I would follow your advise, I will loose most of my money in this inflationary situation. You will loose your money power while your are waiting and waiting. Investing is a journey in the future. To feel as a contrarian makes you not successful per se.
who is waiting, I follow many companies, and here and there one falls into my bucket:-))
but this is an excellent point you touch on here!!!
@@Value-Investingokay, Sven but your are a Profi Investor and you can’t compete with an average retail investor.
Thanks Sven. I have found for me focusing on the dividends and the income growth to be what works for me. I use dividend yield relative to 10 yr average yield along with cape and price to Graham to identify when the stocks on my list are offering reasonable income yield. My income keeps going up over time and I sleep very well at night without worries.
Dear Sven, thanks for the video!
To your point about P/E of 10-15, Deere & Company is now at the P/E of 11 and yet its not a buy, I guess when explaining about P/E ratios, its benefitial to explain that a P/E of 10 is only a light bulb that something might be worth research but choosing to invest in it might not be the right call. (Cyclical company)
❤❤
very good reminding us of the fundamentals. thx Sven. congrats on Roglic winning the Giro! was an exciting year.
Thanks!
very good video. Thanks for making me feel better for not playing and keep my FOMO in check lol!
I like your remark about Roglic, Sven :) Now I know why you have a little bike in the background :D
:-)))
Sven, I remember when you did the in depth analysis of the copper industry and found it very insightful.
My question is, what are your views on steel? I own Nucor stock for the dividend, and would be curious about your thoughts on potential headwinds/tailwinds.
Also, will you be more of these industry overview type videos, like you've done with copper and gold in the past?
Thank you for your Videos. You are very patient, something that most newer and clueless Investors like me are missing completely. We are pure speculators:)
Thank you Sven very good commentary😊
:-)
I agree with the general knowledge given in this video, however I also think we should focus on the average pe ratio of the market in last 40 years rather than looking at historical averages going back to 1920s etc. World has changed in every aspect and I think certain things are indeed things of the past. Average pe for last 100 years is 15x but for the last 14 years it is 19.2x.
4:43 It would be interesting to see your three businesses that you own,only to understand the strategy.
check my research platform, there is even a 21 money back guarantee!
short term bonds is the best stradegy for now. Historically, 300 years back, after long periods of low interest rates once interest rates go up things brake badly. Defence is the best offence here. I am in maximum 2 year treasuries and own no stocks at all right now. I have a feeling that I wont regret it
Companies compound, bonds not. Bonds are NEVER the best strategy if your horizon is long. Is only an asset for people that cant stand volatility, but the cost of it is less return.
@@alejandro1242
My bonds strategy is not long, I would say 1-2 years hold. Once no one wants stocks I will sell my bonds and buy stocks. I am a student of history ( 1600-2023 and not 1980-2023 like most here) and it is very clear to me that I should not own any stocks right now.
Ps never say NEVER. Bonds were the best strategy 1981-1989 by far. And by bonds I mean treasury bonds of different duration
@@Greektall Being that categorical never works. Wait for a PE of 15 times made impossible to buy last 40 years of market, one of the best bull runs if history if not the best. And thanks buying sightly overvalued market I did +100% last year with high quality bussiness. And even now you hay many value stocks at price. I would never choose a poor 5% of bonds tbh. Market is full of companies at a fair value all the time.
you are hoping for a crash and betting there will be no hypeinflation. So, you are just taking a risk.
@@alejandro1242 The best bull run you refer to has to do with lower and lower interest rates. Cause and effect. If interest rates fall back to zero I am a stock and gold buyer. If stimulus comes back with a vengeance I am a btc buyer. When banks fail I am a bonds buyer.
Hats off to you for 100% in 2022!
Hi Sven, you haven't analyzed the aluminum and the aluminum digger companies in a while. It's price has dropped significantly. Maybe a good time to consider investing into it?
the time will come
Hey Sven, I appreciate your contrarian and strong mindset.
What are your three picks?
(one of them is rubis, I guess)
Kind regards, Andreas
Once people realise that a great business and a bad investment can coexist, it makes them a better risk manager.
Your investment style is contrarian. I feel you have to think outside the box to really find the good "diamond in the rough" companies that will give you those great returns. Ive only been in this game for 3 years but I'm finding that you need most of the retail investor crowd to look at the same overvalued companies. That way you can find those good companies that aren't(if that makes sense) . You're actually one of the few channels that still give good content. Keep up the good work!
Sven. If there was a general market crash that brought PE down to 10, would you buy the whole market?
IF you see a crash that huge in the whole market you would be able to buy literalle the best companies of the world at a ridiculous low PE. No reason to buy the market
You wouldn't be asking this question if you understood this video.
there would be things trading at future PE ratios of 2, or even 1, which is then a 5x or a 10x, the market at best will do a 2x after 50% down!
@@Value-Investing Of course. I guess my argument for buying the market in that scenario is that one's thesis on what is a "good company" with good fundamentals may be turned on its head with a general draw down of that magnitude. Would depend on what caused the market collapse I suppose.
Great video. I'm glad you found your approach and stick to it. I also agree that many stocks are over-priced and to my surprise found T-bills forming a significant part of my portfolio while I look for better value and risk. Value seems better than recent yeras, but risk appears greater too.
Some people will always buy quality businesses for whatever price. I buy when I can get 10-12% return based on conservative DCF/DDM. Who cares about the market. Invest for you and ignore the noise. My dividend income goes higher and higher, from great businesses bought at a discounted price.
Take a look at STMICROELECTRONICS- great semiconductor stock to hold in the near future! Great balance sheet, income statement, prospective. Cheap comparing to other semiconductor stocks. Also has a factory in China
@Sven
What do you think - should't the global money volume, which is increasing constantly, due to money printing, etc., make the stocks also more expensive over time?
What 20 years ago would be considered expensive should be viewed today from also from that perspective too, or?
One thing that you have to take into account is that this time, it's different 😅
I catched the line about Roglic there hahah :) Are you a fellow cycling fan, Sven?
And what stocks are you invested in? I find it hard to not invest in America due to the corporate nature of the managements and the dedication to shareholders (as a Dutch person).
Yes, but you oay a price for that!
@@Value-Investing True that, though I have to find out myself since I only invest for a year know.
Until now my strategy is to pick the highest quality companies with (almost no debt), high roic (and therefore a moat) and great free caseflows when the sector drops hard but the fundamentals stay the same. This in combination with a discounted cashflow to see the possible up or downside in the coming years and within my return rate.
For instance Microsoft, Google, meta, early this year and a couple of reits.
I just started but until now I can sleep well by hopefully not paying to much for high quality companies.
Hoping to expand this to other markets like you have.
Hey Sven, would you have any interest in looking at BERY again. You analyzed it in Jan 2022 and called it an interesting cyclical that was at the top of the cycle. That seems to have been true, but it has since took a big leg down. I'm curious if a second leg down might put it in what you'd consider a buy range.
thanks for suggesting!
Hi Sven!
Great videos..looking forward your videos regarding AI
you will likely not see them, I don't have much to add!
The PE ratio does not work and there are many studies on it. most commonly known indicators do not give the investor any advantage. presidential cycles in the states and buying big companies gives you some advantage
Yes, good for you that you made billions with your strategy!
@@Value-Investing your strategy suits me and your videos help me a lot in investing. data shows that most bear markets since 1925 have occurred when the average P/E ratio is lower than 20. The exceptions are 03/2000 p/e 27.6 and 03/2022 p/e 22.3. I believe that P/E is not a good indicator for predicting future stock movements. it is not flexible enough and does not take into account changes in the macroeconomic situation and is too easy to calculate. I don't want to criticize anyone, I'm just joining the discussion.
If you like companies with low pe and high div yields why you ditched altria & tobacco companies for this matter?
Altria now offers almost 9% yield growing eps despite lower smoker consumption and also is priced in as 0% growth while
most of tobacco companies are heavy investing in new markets like heat not burn products and vapes etc
Worst case without any movement in next 10~ years you make 2x only from the dividend any thoughts on that?
just looked at Altria, doesn't look good, actually very ugly, will discuss in video next veek, already filmed
@@Value-Investing cant wait to see your thesis
Sven, a lot of oil stocks have PE ratios below 10 and pay 8 or 10 percent dividends. Why don't you talk about those stocks? Like Devon, Chesapeake, Sitio, Enterprise, etc.
Interesting discussion.. you will understand business investing only when you have worked in business. That's how it goes. I don't agree with your investing strategy, but I always find it interesting to watch you, even though you flip flop a lot. you always say "I don't care for the market" but all your videos always start with price chart.. and you trade in and out a lot.
Personally I build a thesis around a business, and the thesis is never pure qualitative or quantitative, it is a mix. and if I am right, the investment will reward me, and if not, then I try to learn why I was wrong. if you take equal size concentrated bets, you have to be more right than wrong to make good returns. simple, but not easy 😄
Solid!
This time I argree Sven… analyzed individually, 80% of company of the s&p 500 seems overvalued to me. So why I have to buy all of them… This is a passive investing bubble, indeed s&p started to be overvalued from its historical average exactly from 1990s, the years where the first ETF was lunched… Now everyone buy this index, and usually when everyone do the same thing nothing exceptional is achieved, we must think differently
You are so right bro.....I will start doin that more but I always buy my div stock every week but other I will lol
great video Sven! Thanks
thanks!
Why you mention the dividend yield? Is this a criteria for you to invest in a company? When so then why? For me this make no sense as a value investor
it doesn't matter, but if there is one great, of course, growth and cash flows are the main value creators
How do you know future growth?
Indexing is a strategy against ignorance. Your strategy works for you but average investor has blind spots. There’s also such a thing as value trap.
Absolutely! But if you are average, you dont watch yt vids about investing :-)
My biggest advantages are:
I will never be forced to sell.
I will never be forced to buy.
I will never have to assume unnecessary risk.
:-)
same, i’m in college right now and there’s no risk in being too broke to play the game
But the problem is if a great company (let's say SBUX) is cheap, everyone will want it, so they'll push the stock price up. For SBUX to be cheap, everyone would have to be scared of stocks, and that would happen if maybe US bonds would yield 8-10% a year. Can that happen? Sure. Is it imminent? Don't think so. So you will never be able to buy SBUX, a great company.
What am I missing?
no, people will not want it when it is cheap, people will want it only if the stock will go up!
Hey Sven, I appreciate the work you do and I have learned a lot from your videos. I have read that the bond market is larger than the stock market. Your example of Apple’s PE moving from 10 to 30 makes me wonder if 30 could turn to 60 or 90 as money moves out of bonds and into stocks. If the future is inflationary and bonds are recognized as a poor long-term investment, does this make the stock market more risky in the future because the multiples become very very high?
what do you think about MLKN?
Could you comment Charlie Munger explanation on whi he use leverage for Ali Baba, for those who didnt understand in deepth/like me/?
Rule #1 is not to loss money and Rule #2 is not to forget rule #1.
High valuations expose you to de-rating risk and share prices can drop significantly. Market average PE and market average returns are meaningless in my opinion. We investors just want to get the highest possible returns with the least risk with our money.
Investing is not about risk and reward, it's about making money, it's about performance. If you can outperform the market at low risk, than good for you. PE is not a good way to value a company. HPQ and Intel have low PE, but that does not mean they are good companies. If you bought HPQ 20 years ago, you would have x2 your investment, at best. A company has a low PE for a reason and I would instead invest in AAPL at 25 PE than HPQ at 10.
yes, PE is just a start...
At 15% return, Sven is already doing better than Mohnish Pabrai. I love your channel Sven, thank you.
yes, but I didn't pay for a lunch with Buffett so I am not as well regarded :-)
Sven your strategy is based on the theory that market evaluates wrongly information that are commonly known (that was the case of Meta and spotting the irrationality was your masterpiece), but actually low P/E's and bargain prices of most of the companies that you mention goes hand in hand with higher risk. That's the case of Rubis, Warner Bros Discovery, Acomo or Intel. I don't see any substantial lowering the risk in your financial decisions neither now nor 2, 4 and 5 years ago.
I actually agree with you. Does that mean I'm gonna be rich? ☺ Heh, heh, thanks!
Lorenzo is right (Terry Smith's approach). You are right too. There are a lot of ways to achieve success in the stock market. We should employ our energy in protecting the downside (there are lot´s of ways to succed and few ways of being destroyed).
Sven, i agree with you that most of S&P 500 stocks look overvalued. But i'm puzzled by the fact that the sharp increase in interest rates didn't push valuations down as one might have expected... maybe we are in "Calm before the storm" mode... can we say that after the bear market in 2022? Maybe the baby bear🧸, is waiting for MAMA BEAR? 🐻
because all the projections are for lower rates next year already!
would you ever try to buy an index instead of individual stocks?
If you always buy the dip, one day you will have one.
P.S. BTI is a buy now :)
Sound much better👍
thanks!!! Will try to still improve!
Thanks.
Thank!
Nice video!
:-)
Austevoll Seafood. 7 PE, 7% Dividend, 15% historical CAGR. Tax uncertainties cleared!
Great video!
I'm sorry, but I agree with you.
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Ah yes...another video of my unnamed amazing stocks...that you can maybe figure out jumping through my hoops
wait, is this YT? be careful if you want to get it all for free in life!
My question to you is: If you have done so well (15+ per cent p.a.) in the past why would you share your secret sauce on your research platform?
Good queastion, i made money but also spent it :-) plus, started with very little! On the platform, it is a win win for us all
A great part of investing is not acting at all! (aka sitting on your ass doing nothing!)
but you have to structure your investing in that way! And them mostly do nothing!
"Rule #1 don't loose money. Rule #2 don't forget rule #1" (Warren Buffet). I am gonna have to disagree. Value investing will never change. Stock price is irrelevant. It is value we are looking for.
Sven, another great video as always. I agree with everything you said here and it all falls within the value investing approach as practiced by Graham, Buffett & Munger and Klarman. I have to say it is very very difficult to be this disciplined in real life. I try but sometimes emotions get the better of me. I recently attended the BRK annual meeting in Omaha. One moment that I continue to think about was when a person in the audience asked them if Buffett and Muinger if they have ever made an emotional decision in business. They both thought about it for a few moments then simply responded, "No."
🤑🤑🤑
My concern about your approach is that you are taking the risk that the company will not continue to make money at the rate it has been. How can you avoid the risk that a company is selling at P/E 10 because the business that it's in is in decline? A good example is probably Kodak. Let's assume Kodak was a very good business in its time. But selling, developing, and printing film is not a good business these days. Kodak didn't fail because it was mismanaged. It failed because it ignored its own invention of electronic photography. It ignored that invention because it knew that electronic photography would kill its primary business. What do you do to avoid getting trapped in situations like that?
Ooh really❤❤
10/10 ❤️
:-)
Lol we understad the value of investing, how about some vedios of what stocks currently under good value so we can match if we in right track, at the end it all comes down to " What Stocks to Buy right now". Enough of PE ratio Value and stocks that are Not in Discount.
:-) UA-cam is for education and entertainment purposes. Why do you waste time here, take my research platform and save a lot of time? I am sure it is nothing for you!
500eur za platformu, auuu, a plaća 1000eur:), pa kako !?
povecaj placu na 10000 i rjesio si sve probleme!
Every single individual stock is correlated to the market. Even so called low beta stocks have a correlation of 0.5. The idea that there are stocks that do well regardless of the market is nonsense for low information people
I will have to disagree with you on that. During 1968 to 1982 when the market went nowhere, value stocks did 10x. You can keep thinking whatever you like:-)) And, the most important thing here is a different time frame, correlations are measured to max a year, while real investing takes a lifetime! Excellent point to make a video on!
Alto....
giusto, e sta attento de no comprar: wu compra, te ga frega!
Invest in a microphone!
I just spent 600 for this one, have to see the settings:-))
Your strategy is clearly good for you but it doesn’t make your videos useful or entertaining for us
not every video can be useful for everyone!
Active value investing…lol. Underperforming VTSAX since…a long time ago. Why do a disservice to young people and suck them into underperforming schemes?
You said the fed balance sheet tripling is likely behind PE ratios tripling:
1. do you think they will never be able to go back to 2010 levels of balance sheet ? why not ?
2. if they do not in fact lower it for next 20 years, then why is your baseline of PE 10 not auto adjusted to 30 ?
good points!
1. never down
2. because I can still find PE of 10 and even 5 :-)
Awesome video! The guys who don't like your style are the same ones who bought TTCF The tattooed chef .
:-)))
I Hope you Never Stop making videos!!! you’re the only one I like on UA-cam ❤
Thanks!
In real daily life everybody is trying to buy good quality stuff as cheap as possible and is then proud about that and tells everybody he made a good deal. But in the stock market not many people care about the price they pay
they just care about stocks that will go up!
All this sounds attractive, but than Swen buys Amazon with three digital PE and no dividends and ......
yes, but I always explain the strategy behind that, that is a risk and reward position...
@@Value-Investing I appreciate that and I think there is rationale behind this investment. It is just illustration that value investment is not such straightforward as it is promoted by many of value investing fans. Value can be find even in "expensive" stocks with high PE ratios and it can be a little value in stocks with single digit PE or double digit dividend yield.
1.) I don't have to play. Big and simple yet profound investing strategy.. As always Sven, thank-you for spreading your wisdom. Don't mind so much about comments.. You're not here for them.. ; ]
:-) Thanks!
Thank you sven, I think I fall to this trap too. I thinking too much about potential return rather than potential downside.
It is a life long process!
❤❤
There is definitely a small mic cracking noise, am I imagining that? Otherwise great vids as always.
there is yes, Will work on that, thanks!
hi Sven. I have seen few investigations that Poland became next european economical leader. What do you think about polish companies. Any interesting for you? There are a lot energy companies and banks on the stock, but maybe you will found smth more interested
The "50% strategy" is totally different from the "15% strategy". I enjoyed reading the "The DAO of Capital" you recommended, which is definitely a 50% mindset. I like watching your video, making me emotionally less lonely and it helps the rational execution. Thanks a lot!
If you had to live off the profits from investing in the hottest stocks in each successive hot industry, soon you’d be on welfare.
Peter Lynch
One Up one Wall Street
:-))
Apple
A while since I left a comment. Stay the course Sven. I have no complaints. You are a voice of reason in a room full of emotions
Still awful audio
Hi Sven, let me suggest a US company which I consider an investment in Benjamin Graham style, i.e. a cigar butt from which you still get some puffs.
Nobody dares touching it, not even with a stick (except for myself).
Its Big Lots.
-discount retailer
- losing money since 1 year, after 4 decades of profitability, mainly due to inflation which increased their costs.
- trading at 20% of book value
I think they will succed in managing costs, turning to profitability. At least they are not hiding away from the problems, but facing them.
Risks: the company goes bust. You loose all your money.
Reward: if they turn to minimum profitability, P/B goes back to 1, which means 5x.
thanks for sharing!
Well everone has their own strateg, because everyones financial situation, time horizon and goals are completely different. Buyinf low cost index funds is the only strategy which helps almost everyone.
I would disagree!!! What benefits everyone is learning about what investing is!
What a great video!!! I do agree with many of your ideas, my favorite finance channel.
Could you please make a video where you present your main parameters that a stock should hit for you to purchase it?
MMM and VZ, what do you think?
Hi Sven, thank you very much for the video. I have a question; I agree with everything you said, especially the fact that the current valuations are based on macroeconomy and FED balance sheet rather than real fundamentals. However, I am wondering if this will ever revert because it got to a point that is too much. Therfore, I want to ask you: do you think it is possible that the average PE ratio of 30 is going to be the new baseline? In other words, is 30 the new 10?
Ok, love the explanation on your strategy, but investing is a double edged sword. Can you now explain when you sell?
I feel like the best strategy for common folks in the market is buying great businesses at a fair or even slightly higher price (if you could buy them at a low price, that would be great), and hold them forever until your retirement.