Small Time Blog
One of our longest holdings is starting to turn the corner. RVLT, an LED lighting solutions company. We have 125 shares in the Smalltime Model Portfolio and another 500 shares in my wife's IRA. Our average in price is $7.00. Could this one produce a multibagger? I believe the stock will go into the thirties over the next 4-5 years if the current plan stays on course. I am looking to add to this position soon before it breaks north of $9.00. This has not been an easy company to own, as it seems all good news is met with selling. In the immortal words of Michael Burry, of The Big Short movie fame, I might be early to this trade but I am not wrong! RVLT closed Friday August 5th at $7.32. Next stop $10....all aboard!
The Smalltime Model Portfolio is about to be rebranded to Scrapfund.com! I am in the process of making Small Time Recycling into a business and opening up the Scrapfund.com website exclusively to track the former Smalltime Model Portfolio, which will be changed in name only, the holdings will remain the same for the foreseeable future. Scrapfund.com better reflects the the activity of turning scrap metal into cash and using the cash to buy stocks in clean tech industries. It is my hope that Scrapfund.com will attract other people who are interested in using otherwise dead money in the form of un-recycled metals to fund a long term stock portfolio focused on the future of clean technology and smart grid integration.
In October of 2014 I wrote a piece called Evolution of an Investor, Lessons from the First Three Years. Those first three years were trying to say the least! Wading through all the lies and myths and trying to gain the necessary knowledge to get a foot in the door and actually make money from owning stocks. Trade is in the name of nearly every online broker leaving the unwitting to think trading is the only way to make any profits. Options or mathematical mysticism, whatever you wish to call them, are way over the heads of almost everyone, me included and I sort of understand them! Mutual Funds, the only way for the "common man" to diversify and manage risk, I found to be over-diversified dividend eating monsters relentlessly mashing up the dividends of their holdings and spitting out a small sliver for you, the mutual turtle shareholder.
The world economic picture is still one of expansion and not contraction. The presidential election, with all it's fireworks, does not change anything about the business cycle. That is why I am sticking with my macro forecast of continued economic growth world wide. Everyone is trying to prepare for the crisis that just happened and that clouds their vision of what is actually happening on the ground. In the 92 months since the market bottom on March 9th of 2009, there are 14 million more people working. Those 14 million people are spending money and even getting raises. Weekly applications for unemployment are at a 43 year low, according to the bureau of labor statistics.