WheelieDealer2 Website exists because I am basically a Scrooge. Weebly.com are brilliant and they allow me to have up to 5 websites with 10 pages FOR FREE - so building this Sister Site has enabled me to spread the Sections out in a clearer and more logical way and has also enabled new Pages like 'Events' and 'Podcasts/Videos'. I hope this doesn't inconvenience you too much and I have tried to construct things so that the stuff on WheelieDealer2 is easily found. Effectively it is an adjunct to WheelieDealer Main Site.
rgds, wd
rgds, wd
Disclaimer
This website and associated Twitter Feed is simply a diary of my Stockmarket Investing activities. I do not provide tips for others to follow - it is merely a record of any trades I undertake and may not include all of them. I am not Legally Regulated or Licenced in any way. Please read the 'Full Disclaimer and Terms & Conditions' on the Red Button at the top of this page. Contact Please do not email me seeking advice on a particular share or fund etc. I cannot legally give you individual advice. Email me at: [email protected] Follow me on Twitter: @wheeliedealer |
Robbie Burns, The Naked Trader, books
If you regularly listen to the 'Twin Petes Investing' Podcasts, you may have noticed that there was a recent opportunity to win a copy of Robbie Burns' latest book, 'The Naked Trader Book of Trading Strategies'. Well, I was hugely fortunate in that Robbie sent me a copy and I read it in a very short space of time after it turned up. As always, it was a really easy and fun read and Robbie fulfils my usual expectation of his books that they are hugely accessible and not the tedious and uninspiring reads that so much finance bookery tends to be.
I rate this as one of his best books, and arguably his best so far. It is up there with 'Trade like a Shark' which I previously rated as his best work. The beauty of both these books is that they are more suited to investors/traders who have at least a few years under their belts and are definitely a bit too much for a pure beginner. For such newbies I would recommend Robbie's standard 'Naked Trader' books - I think he is on to book 6 now (he revises them every few years so just buy the most recent one). He also has a Spreadbetting book but that is of course for more experienced investors/traders.
The appeal of 'Trading Strategies' and 'The Naked Shark' is that they take things to the next level. I always felt that with Robbie's starter level 'Naked Trader' books, they always left gaps in my understanding of how he does things, but these higher level books fill in the gaps. Both are really top notch and must reads. Don't bother reading any other finance books until you have read these.
I am involved in the 'Amazon Associates' programme but due to my ongoing health travails, I have let my use of this stuff lapse and, as a result, it has all changed and I am utterly confused by how it now seems to work. Anyway, for the time being, if you click on the words 'Naked Trader books' just below, you should be taken to an Amazon page that has Robbie's 'Trading Strategies' book right near the top. It should work. Oh, I get a small payment from Amazon for leading you to them to buy the book - thank you very much for choosing to use my link.
cheers, WD.
I rate this as one of his best books, and arguably his best so far. It is up there with 'Trade like a Shark' which I previously rated as his best work. The beauty of both these books is that they are more suited to investors/traders who have at least a few years under their belts and are definitely a bit too much for a pure beginner. For such newbies I would recommend Robbie's standard 'Naked Trader' books - I think he is on to book 6 now (he revises them every few years so just buy the most recent one). He also has a Spreadbetting book but that is of course for more experienced investors/traders.
The appeal of 'Trading Strategies' and 'The Naked Shark' is that they take things to the next level. I always felt that with Robbie's starter level 'Naked Trader' books, they always left gaps in my understanding of how he does things, but these higher level books fill in the gaps. Both are really top notch and must reads. Don't bother reading any other finance books until you have read these.
I am involved in the 'Amazon Associates' programme but due to my ongoing health travails, I have let my use of this stuff lapse and, as a result, it has all changed and I am utterly confused by how it now seems to work. Anyway, for the time being, if you click on the words 'Naked Trader books' just below, you should be taken to an Amazon page that has Robbie's 'Trading Strategies' book right near the top. It should work. Oh, I get a small payment from Amazon for leading you to them to buy the book - thank you very much for choosing to use my link.
cheers, WD.
Who is the WheelieDealer?
Hi, I am a middle aged bloke named Pete who lives in Windsor under lots of planes. I fortunately gave up work in December 2009 at the ripe old age of 44 when a lucky circumstance of a Voluntary Redundancy package aligned with me having built up enough capital to make the bold decision to Change my Life. I am also lucky in that I have no kids, am not married and, as one friend commented recently, I am able to live on air……(it’s ok, she also said the same about herself !!)
I aim to make about 10% to 15% a year gains on my Stock Portfolio, compounded over many years. In practice this means I will have dire years where I lose 25% and cracking years where I gain 25% - and a range of outcomes in between (or even outside this range !!) - but over longer periods I should get near my targets. I then use Spreadbetting to gear up this return but with controlled leverage so my risk is carefully managed - don’t worry at this stage, as time goes on you will hopefully get a good insight of my Approach. For beginners, I recommend starting with a small portfolio of stocks and over time you can build this up and move into the more complex (and dangerous !!) world of the spread betters. It is important to have realistic expectations - 10% COMPOUNDED ANNUALLY over many years will grow your cash into a huge sum - I will cover this in more detail in the future on this website.
The mantra is “Get Rich Slowly”………
Getting the most out of WheelieDealer
You can use my website as a source of education and ideas - but I am not tipping stocks or making recommendations. The trades I mention are a diary and are intended to give you a good insight into how I select stocks and timing matters etc. This website does not constitute Investment Advice.
I am certainly no expert trader / investor. I am however an old bloke who has made countless mistakes of every possible kind in the investing universe. Hopefully, you can learn from My Mistakes and avoid making them yourself - this will enable you to Fly the Plane safely and avoid the costly Crash Landings………
View my website and my diary of trades etc. as a starting point - use my ideas to help guide you and inspire you and to enable you to build your own Investing ‘Style’ - I am a great believer in the idea that Investing is a remarkably complex activity and success is more ‘Art’ than ‘Science’… have fun !!!
Why am I doing this Website?
Back in about September 2014 I was having tea and cakes with a friend at Cliveden (the place where the Profumo Scandal all kicked off) when we were discussing what she was going to do with her life after recently leaving a job that was getting unbearable (don't worry, she has since found a job which is far more unbearable !!). Selfishly, as we discussed various options for her, the idea of me creating a website which incorporated the modern Social Media world of Twitter hit me hard. In fact, I was sort of looking for something to get my teeth stuck into and this really has grabbed my interest.
Over time I plan to add many new Sections which will give a detailed description of the methods I use to ensure good returns with carefully controlled risk. This should build into a comprehensive resource for newcomers to Stockmarket Investment and also for Experienced Investors who can use this to help refine their own approaches / styles - if this provokes your thinking then I have achieved something.
It strikes me that there are gazillions of Websites etc. that give you ‘tips’ but no one as far as a I can tell really gives any information on actually running a Portfolio over a long period of many years - and certainly no one gives the almost Real Time updates that Twitter can enable. If you were to just blindly buy tips and put no thought into the wider aspects of Portfolio Management (critically position sizing and Diversification) then I suspect you would not invest particularly Successfully and I have no doubt it would not be a Safe way to invest.
I am in no way a Great Investor - I regularly come across people who really do make stunning returns, but this is not me. However, I have a lot of experience and have a very good understanding of most aspects of investment. Sorry to repeat myself, but I really suggest that you follow my website and twitter feed to enable you to critique what I do and make your own Investing better.
Twitter
My intention is to create a website that gives pretty much real time information via a Twitter feed (@wheeliedealer) and with fairly regular Market and Stock related blogs on the website and most likely occasional ad hoc blogs on various aspects of investing and maybe certain investment ideas or more detail on trades I am already in. It might be worth getting a Twitter account and following me if you are not already Tweeting. Access via a Smartfone or Tablet App I find particularly effective and simple.
My Twitter feed (@wheeliedealer) will be updated very regularly - expect flurries of Tweets around market open while I digest news and results on my stocks and updates throughout the day as things develop. At the end of the trading day I will update on how my Portfolio has performed in percentage terms for that day. At the end of each week, expect a weekly percentage performance also.
I will Tweet all the trades I do as they happen - both buys and sells and I will update the 'Trades' page of my Websites as quick as I can. This information should not be construed as a Tip or Investment Advice - I am not legally allowed to provide such information. This is just a diary of my activities from which you can help refine your own investment style.
Please be warned that I tweet a lot. If it gets too much and overwhelms your Feed then you can still Follow me but Block the messages. You can then click on the WheelieDealer Logo to view my tweets at your leisure through my Profile Page.
Alternatively, you might find it easier to go to the Twitter Feed on the Home Page of my Websites or via the dedicated Page I now have.
Investment Style
I am generally a Medium to Long term investor holding my shares usually between a few months and on occasions up to 3 years or longer. I am an opportunist and happy to bank profits if they arise quicker than I expected. Average holding time is probably about 1 year but I have not investigated this in a detailed study and I suspect it is actually a lot longer. Over time I seem to be holding Stocks for longer periods on putting more focus on the Quality and Enduring aspects of Companies I buy shares in.
I have a mixture of styles - which is arguably not a good thing - although it probably introduces another layer of diversification. I guess I am really a Value Investor - looking for stocks which appear lowly valued within the market. I am obsessed by p/e ratios (don’t panic, this will be explained in time) and dividend yields but also incorporate growth rates into this analysis. I run a separate Income Portfolio where I concentrate on lower risk stocks and with a focus on a blended 5% dividend - again, I will cover this in more detail in future. In my normal day to day investments, I cover a range of Market Capitalisations and hold Growth stocks, Momentum stocks and Income stocks. However, I always look for quality and do not take on anything that is High Risk in my view - bitter experience has taught me that High Risk rarely pays off. I love Cash Rich companies and rarely buy anything which has considerable debt or is unprofitable.
I use Fundamental Analysis to enable me to decide what stocks I want to buy and I use Technical Analysis (chart patterns etc.) to help with timing buys and sells and topping up or top slicing.
I have taken huge inspiration from the Legendary Robbie Burns (www.nakedtrader.co.uk) and have read all his books many times over and I recently read his Book 'Trade like a Shark' which you can find in 'Wheelie's Bookshop'. I first started following him in the Sunday Times 'My DIY Pension' column back in the early 2000s.....I subscribe to Investors Chronicle and get the majority of my ideas from this source - especially the Company Results pages at the back. For small stocks it is hard to beat Paul Scott's analysis which can be found on Stockopedia.
Successful and Safe investing is quite an unusual activity. For the majority of things in life you get rewarded for doing a positive action - e.g. if you are a salesman, you get paid for the positive action of selling something. With investment it works very differently - you get paid for not doing a positive action but by AVOIDING a negative event - think of it like a Pilot. A good pilot is someone who does not crash - i.e. avoiding an extremely negative event (understatement obviously).
Investing is the same - you need to Pilot your Portfolio of Assets around all the negative events that can cause your wealth to crash.
First forays into the Stockmarket
I started messing about with the stockmarket after I came into a fairly large chunk of capital back in 1999. Of course, this was probably the worst time in recent history to have such a fortunate occurrence - just at the height of a rampant Bull Market Bubble. So, armed with an appropriate level of utter overconfidence, naivety and complete lack of understanding, I piled most of the Cash Pile into hideous overvalued Unit Trust Funds and individual stocks. Needless to say, within a short time my Capital had been decimated. I seem to recall that in about 2002 my Cash had more than halved. Ouch.
Did I buy some hounds? I am sure many of you old hands reading this will wince in horror at the names - Aerobox, Just Group, Marconi, Aberdeen Technology Unit Trust etc. etc. Ok, sorry about that - I hope I have not caused any coronaries…..I nearly had one writing those names !!
In my experience, people who have been through this sort of major screw up (wanted to use a word beginning with ‘F’ but let’s keep this clean - kids might be reading) go one of 2 ways - and most go the first way. Either people give up in disgust and never buy a stock again in their lives or they do the latter (if they have any capital left and their wife has not chopped sensitive parts of their anatomy off) which is to actually knuckle down and learn how to invest Safely and Successfully in the stockmarket.
Sounds easy when you say it like that but I have to be clear on this that learning how to invest is incredibly challenging, time consuming, complicated and multi-faceted. In fact, I have found that my time since 1999 and my first dreadful dabbling has been an Amazing Journey (for you Who fans) that has been in parts thrilling, terrifying, enlightening, horrific, inspiring etc. Let me be extra clear - this game is not for those with any lack of commitment - you have to be dedicated and apply yourself fully.
So, after all that I now probably have a couple of readers left - and just as we were getting to the good bits……
Working Experience
I have had a pretty varied work life with several ‘careers’ and I think this probably helps my investing activities - it certainly was a major help in my Academic Life which I will address in a mo. I left school at 18 after some fairly unimpressive ‘A’ Levels (sorry kids, I have no clue as to what these are called in the modern world) and went to work for Bejam (who you may now know as Iceland Frozen Foods) as a Freezer Stuffer. Over many years I worked in various roles and locations around the South of England and left after being a Store Manager when I was 25.
I then went on to sell Motorbikes in Exeter for a couple of years and it was during this time that I realised that loads of my customers were not only much wealthier than me (they were buying 175mph Superbikes after all) but they were also not working on a Friday afternoon or at Weekends !!! This revelation inspired me to get a degree and I got an A at ‘A’ Level in Business Studies from Brighton College and then went on to get a 1st Class Business Studies degree from Portsmouth University in 1996. Funny how you get much better grades when you enjoy something and actually want to do it (and you are terrified of getting a real job again where you actually have to work hard rather than dossing about in an Office, pretending to work). In between all this I worked in the Department of Social Security as an Admin Bod and for Seeboard in Hove on a Call Centre.
After my degree I joined ICL / Fujitsu and worked in Telecoms Billing System sales and then moved into a Sales role on the Home Office outsource account and my final years were spent as a Proposal Manager working on multi million pound bids to mainly the Private Sector - but I gained immense business understanding from this.
You can read a lot more about my Investing History in this Blog Series via this Link:
wheeliedealer.weebly.com/educational-blogs/evolution-of-an-investor-part-5-of-5
Copyright © 2014 WheelieDealer
I aim to make about 10% to 15% a year gains on my Stock Portfolio, compounded over many years. In practice this means I will have dire years where I lose 25% and cracking years where I gain 25% - and a range of outcomes in between (or even outside this range !!) - but over longer periods I should get near my targets. I then use Spreadbetting to gear up this return but with controlled leverage so my risk is carefully managed - don’t worry at this stage, as time goes on you will hopefully get a good insight of my Approach. For beginners, I recommend starting with a small portfolio of stocks and over time you can build this up and move into the more complex (and dangerous !!) world of the spread betters. It is important to have realistic expectations - 10% COMPOUNDED ANNUALLY over many years will grow your cash into a huge sum - I will cover this in more detail in the future on this website.
The mantra is “Get Rich Slowly”………
Getting the most out of WheelieDealer
You can use my website as a source of education and ideas - but I am not tipping stocks or making recommendations. The trades I mention are a diary and are intended to give you a good insight into how I select stocks and timing matters etc. This website does not constitute Investment Advice.
I am certainly no expert trader / investor. I am however an old bloke who has made countless mistakes of every possible kind in the investing universe. Hopefully, you can learn from My Mistakes and avoid making them yourself - this will enable you to Fly the Plane safely and avoid the costly Crash Landings………
View my website and my diary of trades etc. as a starting point - use my ideas to help guide you and inspire you and to enable you to build your own Investing ‘Style’ - I am a great believer in the idea that Investing is a remarkably complex activity and success is more ‘Art’ than ‘Science’… have fun !!!
Why am I doing this Website?
Back in about September 2014 I was having tea and cakes with a friend at Cliveden (the place where the Profumo Scandal all kicked off) when we were discussing what she was going to do with her life after recently leaving a job that was getting unbearable (don't worry, she has since found a job which is far more unbearable !!). Selfishly, as we discussed various options for her, the idea of me creating a website which incorporated the modern Social Media world of Twitter hit me hard. In fact, I was sort of looking for something to get my teeth stuck into and this really has grabbed my interest.
Over time I plan to add many new Sections which will give a detailed description of the methods I use to ensure good returns with carefully controlled risk. This should build into a comprehensive resource for newcomers to Stockmarket Investment and also for Experienced Investors who can use this to help refine their own approaches / styles - if this provokes your thinking then I have achieved something.
It strikes me that there are gazillions of Websites etc. that give you ‘tips’ but no one as far as a I can tell really gives any information on actually running a Portfolio over a long period of many years - and certainly no one gives the almost Real Time updates that Twitter can enable. If you were to just blindly buy tips and put no thought into the wider aspects of Portfolio Management (critically position sizing and Diversification) then I suspect you would not invest particularly Successfully and I have no doubt it would not be a Safe way to invest.
I am in no way a Great Investor - I regularly come across people who really do make stunning returns, but this is not me. However, I have a lot of experience and have a very good understanding of most aspects of investment. Sorry to repeat myself, but I really suggest that you follow my website and twitter feed to enable you to critique what I do and make your own Investing better.
My intention is to create a website that gives pretty much real time information via a Twitter feed (@wheeliedealer) and with fairly regular Market and Stock related blogs on the website and most likely occasional ad hoc blogs on various aspects of investing and maybe certain investment ideas or more detail on trades I am already in. It might be worth getting a Twitter account and following me if you are not already Tweeting. Access via a Smartfone or Tablet App I find particularly effective and simple.
My Twitter feed (@wheeliedealer) will be updated very regularly - expect flurries of Tweets around market open while I digest news and results on my stocks and updates throughout the day as things develop. At the end of the trading day I will update on how my Portfolio has performed in percentage terms for that day. At the end of each week, expect a weekly percentage performance also.
I will Tweet all the trades I do as they happen - both buys and sells and I will update the 'Trades' page of my Websites as quick as I can. This information should not be construed as a Tip or Investment Advice - I am not legally allowed to provide such information. This is just a diary of my activities from which you can help refine your own investment style.
Please be warned that I tweet a lot. If it gets too much and overwhelms your Feed then you can still Follow me but Block the messages. You can then click on the WheelieDealer Logo to view my tweets at your leisure through my Profile Page.
Alternatively, you might find it easier to go to the Twitter Feed on the Home Page of my Websites or via the dedicated Page I now have.
Investment Style
I am generally a Medium to Long term investor holding my shares usually between a few months and on occasions up to 3 years or longer. I am an opportunist and happy to bank profits if they arise quicker than I expected. Average holding time is probably about 1 year but I have not investigated this in a detailed study and I suspect it is actually a lot longer. Over time I seem to be holding Stocks for longer periods on putting more focus on the Quality and Enduring aspects of Companies I buy shares in.
I have a mixture of styles - which is arguably not a good thing - although it probably introduces another layer of diversification. I guess I am really a Value Investor - looking for stocks which appear lowly valued within the market. I am obsessed by p/e ratios (don’t panic, this will be explained in time) and dividend yields but also incorporate growth rates into this analysis. I run a separate Income Portfolio where I concentrate on lower risk stocks and with a focus on a blended 5% dividend - again, I will cover this in more detail in future. In my normal day to day investments, I cover a range of Market Capitalisations and hold Growth stocks, Momentum stocks and Income stocks. However, I always look for quality and do not take on anything that is High Risk in my view - bitter experience has taught me that High Risk rarely pays off. I love Cash Rich companies and rarely buy anything which has considerable debt or is unprofitable.
I use Fundamental Analysis to enable me to decide what stocks I want to buy and I use Technical Analysis (chart patterns etc.) to help with timing buys and sells and topping up or top slicing.
I have taken huge inspiration from the Legendary Robbie Burns (www.nakedtrader.co.uk) and have read all his books many times over and I recently read his Book 'Trade like a Shark' which you can find in 'Wheelie's Bookshop'. I first started following him in the Sunday Times 'My DIY Pension' column back in the early 2000s.....I subscribe to Investors Chronicle and get the majority of my ideas from this source - especially the Company Results pages at the back. For small stocks it is hard to beat Paul Scott's analysis which can be found on Stockopedia.
Successful and Safe investing is quite an unusual activity. For the majority of things in life you get rewarded for doing a positive action - e.g. if you are a salesman, you get paid for the positive action of selling something. With investment it works very differently - you get paid for not doing a positive action but by AVOIDING a negative event - think of it like a Pilot. A good pilot is someone who does not crash - i.e. avoiding an extremely negative event (understatement obviously).
Investing is the same - you need to Pilot your Portfolio of Assets around all the negative events that can cause your wealth to crash.
First forays into the Stockmarket
I started messing about with the stockmarket after I came into a fairly large chunk of capital back in 1999. Of course, this was probably the worst time in recent history to have such a fortunate occurrence - just at the height of a rampant Bull Market Bubble. So, armed with an appropriate level of utter overconfidence, naivety and complete lack of understanding, I piled most of the Cash Pile into hideous overvalued Unit Trust Funds and individual stocks. Needless to say, within a short time my Capital had been decimated. I seem to recall that in about 2002 my Cash had more than halved. Ouch.
Did I buy some hounds? I am sure many of you old hands reading this will wince in horror at the names - Aerobox, Just Group, Marconi, Aberdeen Technology Unit Trust etc. etc. Ok, sorry about that - I hope I have not caused any coronaries…..I nearly had one writing those names !!
In my experience, people who have been through this sort of major screw up (wanted to use a word beginning with ‘F’ but let’s keep this clean - kids might be reading) go one of 2 ways - and most go the first way. Either people give up in disgust and never buy a stock again in their lives or they do the latter (if they have any capital left and their wife has not chopped sensitive parts of their anatomy off) which is to actually knuckle down and learn how to invest Safely and Successfully in the stockmarket.
Sounds easy when you say it like that but I have to be clear on this that learning how to invest is incredibly challenging, time consuming, complicated and multi-faceted. In fact, I have found that my time since 1999 and my first dreadful dabbling has been an Amazing Journey (for you Who fans) that has been in parts thrilling, terrifying, enlightening, horrific, inspiring etc. Let me be extra clear - this game is not for those with any lack of commitment - you have to be dedicated and apply yourself fully.
So, after all that I now probably have a couple of readers left - and just as we were getting to the good bits……
Working Experience
I have had a pretty varied work life with several ‘careers’ and I think this probably helps my investing activities - it certainly was a major help in my Academic Life which I will address in a mo. I left school at 18 after some fairly unimpressive ‘A’ Levels (sorry kids, I have no clue as to what these are called in the modern world) and went to work for Bejam (who you may now know as Iceland Frozen Foods) as a Freezer Stuffer. Over many years I worked in various roles and locations around the South of England and left after being a Store Manager when I was 25.
I then went on to sell Motorbikes in Exeter for a couple of years and it was during this time that I realised that loads of my customers were not only much wealthier than me (they were buying 175mph Superbikes after all) but they were also not working on a Friday afternoon or at Weekends !!! This revelation inspired me to get a degree and I got an A at ‘A’ Level in Business Studies from Brighton College and then went on to get a 1st Class Business Studies degree from Portsmouth University in 1996. Funny how you get much better grades when you enjoy something and actually want to do it (and you are terrified of getting a real job again where you actually have to work hard rather than dossing about in an Office, pretending to work). In between all this I worked in the Department of Social Security as an Admin Bod and for Seeboard in Hove on a Call Centre.
After my degree I joined ICL / Fujitsu and worked in Telecoms Billing System sales and then moved into a Sales role on the Home Office outsource account and my final years were spent as a Proposal Manager working on multi million pound bids to mainly the Private Sector - but I gained immense business understanding from this.
You can read a lot more about my Investing History in this Blog Series via this Link:
wheeliedealer.weebly.com/educational-blogs/evolution-of-an-investor-part-5-of-5
Copyright © 2014 WheelieDealer