I earned the Chartered Financial Analyst (CFA) designation in 2016 and prior to that I studied business administration at Chapman University, a graduate school in Southern California. I solely attribute to my parents the desire to continually grow my understanding of the world.
I do not manage other people's money nor am I a financial advisor. On rare occasions, when I feel I can materially provide value, I will consult on specific investment issues. If you have specific question in mind, write to me.
I follow the footsteps of other professionals that dedicate some of their time to share knowledge. I founded Pen&Paper because of a vlog about design by Ran Segal.
Transparency & Objectivity
I write about my failures in stock investing just as often as I write about success stories. Both will serve you as a learning tool. Because I am personally invested in all the companies, my writing and perspective is very subjective.
I dedicate about 10 to 15 hours each week in reading annual reports, analyzing financial statements and learning about investment concepts. Reading about and investing in the stock of publicly-traded companies is my hobby.
Pen & Paper
All of my investment decisions are made using a pen and paper (okay, at times I cheat by using an HP12C calculator.) I named the website Pen & Paper to emphasize that the main tools for sensible investing are available for us all.
I typically own between 15 to 20 positions and try to purchase a stock every month. Write to me if you would like to know which stocks I currently own.
To make sure I think carefully before each stock, as a principle, I will hold a stock for at least two years, even if the price halves rights after I bought it.
Common reasons for selling stocks: (1) I found a better place to allocate cash, (2) the market value equals intrinsic value, (3) the rate of return greater than 50% in less than a year, (4) the initial reason for purchasing the stock proved to be wrong.
The last time I shorted a stock was in March 2016. And since it's been over two years now, I think it's safe to say that I got rid of that vice.
I publish articles every Friday, after trading hours, so that readers have plenty of time to make an informed decision on their own.
If you make any purchases using the links on the website, Amazon pays me up to 10% of the proceeds. I donate 100% of these.
While I am an active board member of the CFA Society of San Diego and a current CFA charter holder, I do not receive any compensation from the CFA Institute.
This is my personal journey in stock investing, where I share real stories and lessons from companies I invested in.
If you have any questions, write to me. I would be happy to hear from you.