Steve Selengut

Stock Market Corrections Are Beautiful - Shop At The Gap

A correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I'm told, corrections adjust equity prices to their actual value or "support levels". In reality, it's much easier than that. Prices go d... Read >

What's Your Investment IQ?

Many of the things you think you know about investing are part of a mythology designed to make you bounce around between investment products. Modern day "conventional wisdom" just isn't all that its cracked up to be. Concepts you worship are inaccurate; i... Read >

Wall Street Wisdom And Market Cycle Investment Management

During every correction, I encourage investors to avoid the destructive inertia that results from trying to determine: how low can we go; how long will this last? Investors who add to their portfolios during downturns invariably experience higher market v... Read >

Income Investing And What You Really Know About It - Survey Results

The results are in! Roughly 260 people took the time to respond to the income investing survey and I thank y'all very much for being so generous with your time. First, the generalizations: As you will recall, the survey included eight "mostly true" or ... Read >

IGVSI Bargain Stock Monitor - February 2010

The Investment Grade Value Stock Index "Bargain Stock Monitor" clearly reflects the profit taking that hit the market late in January--- you and I have been harvesting our gains all along though. Right? Although there are nearly twice as many IGV stock... Read >

IGVSI Bargain Stocks - Are There Any Left?

The IGVSI Bargain Stock Monitor clearly reflects the strength of this eleven-month-rallying stock market. In fact, the bargain monitor is sporting the best numbers ever recorded. No, this is not a "buy" signal. The numbers are telling you that most Inv... Read >

A Dismal Decade? No Way - Market Cycle Investing

From the end of 1999 through the end of 2009, all of the popular Wall Street market performance measurement tools were in the red. The average bloodletting level of the DJIA, the S & P 500, and the NASDAQ was a disturbing-to-some minus nineteen percent. ... Read >

The Market Cycle Investment Management (MCIM) Program

During the past sixty years, most economic, market, and interest rate cycles have lasted from two to five years, peak-to-peak. Rarely have any of the cycle-tracking market indices moved in tandem, and none of the cycles are considered to be particularly p... Read >

Exceptional Business Service Awards – Pay It Forward

Maybe it's the holiday season, or maybe it's just the rare sense of appreciation I felt when I noticed the missing number on the monthly invoice. An epiphany even! This company actually wanted, appreciated, and knew how to retain my business. Moments e... Read >

Investment Retrospective – A Preemptive Portfolio Protection Strategy

A participant in the morning Working Capital Model (WCM) investment workshop observed: I've noticed that my account balances are returning to their (June 2007) levels. People are talking down the economy and the dollar. Is there any preemptive action I ne... Read >

Stock Market Correction Dead?!

Actually, hindsight and the Investment Grade Value Stock Index (IGVSI) Bargain Level Monitor tell us that it died early in March 2009. More realistically, however, corrections don't die quite so abruptly. They are supplanted by rallies--- and vice versa. ... Read >

Investment Performance Expectations and Broker Account Statements

As impossible as it is to predict the future of the markets, it's relatively easy to anticipate what you are going to experience when you view your next brokerage account statement. Whether you go the discount route through Schwab, Ameritrade, Fidelity... Read >

Golf and Investing: Optimism, Focus, and Education

You knew it the moment it left the club, that spark at contact when you catch it just right. You look up. It's just reaching the top of its climb--- and heading down right at the pin, a pin positioned left of center on the elevated green, much too close t... Read >

Investment Scam Alert 2009: Spread the Word

This is a real world situation that could impact each of you as professionals, investors, and friends of persons who could fall for such schemes. So please get angry about it! An envelope arrived yesterday from a worried investor (not a client of mine)... Read >

Investment Grade Value Stock Index (IGVSI) Soars 24%

The Investment Grade Value Stock Index is a barometer of a small but elite sector of the stock market. Some Investment Grade Value Stocks are included in all averages and indices, but even the Dow Jones Industrial Average includes several issues that are ... Read >