Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Morgan Lamarche Sent: Tuesday, January 13, 2015 1:15 PM To: Laurie Frederiksen Subject: [club_cafe] Stock Buying Proposal Guidelines
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
I join with Connie in her request for sharing such info. I think it helps everyone if our clubs find ways to improve what we do. (I'll share anything that I find from my club(s) if find anything of relevance.)
Thank you,
Roy "We make a living by what we get, we make a life by what we give." (Ronald Reagan, 8/8/1992)
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
We started using a table of key factors so we can compare several stocks in an industry. ValueLIne is our information source. We have free online access at the local library. We start by looking at an industry that ValueLine ranks high for appreciation in the next 12 months. Then we search high ranking companies in that industry and select a few for comparison. We are still evaluating what factors to include on the spreadsheet.
Here is one we did for the air transport industry. We ended up liking all three stocks Alaska Airlines, Southwest and FedEx. We purchased some Alaska and FedEx since Southwest was already fairly valued. You are welcome to use and modify. I would be interested in hearing from anyone who uses it and make improvements.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington, MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
On Wednesday, January 14, 2015 7:35 AM, Mike Jones via bivio.com <user*21595500001@bivio.com> wrote:
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With
data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new
companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington,
MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only
cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
find a model club and sit in or join BI and get started. Lots of webinars and other helps. If you can go to the Natl. convention. You are starting on a journey that takes time.
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With
data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new
companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington,
MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only
cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
Hi Steve, our club does not use them but it is a Stock Selection & Guide. A lot of clubs use it as a tool in selecting stocks. I attached a copy of one.
John
On Wednesday, January 14, 2015 5:52 PM, Steve Foster <foster.911@sbcglobal.net> wrote:
I'm a novice investor. What's an SSG?
Steve Foster
Circle of Friends
On Wednesday, January 14, 2015 7:35 AM, Mike Jones via bivio.com <user*21595500001@bivio.com> wrote:
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With
data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new
companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington,
MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only
cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
John, That form is an oldie, but a goodie! I haven't seen it in several years, and Ken Kavula and Ann Cuneaz introduced a more comprehensive form a couple of years ago. Nevertheless, I think it is still a valuable form, but I think what most people refer to as an SSG is the 2-page Stock Selection Guide, not the document you attached.
Steve, there are two excellent ways to become acquainted with an SSG. As Robert Shaw suggested, find a model club or join join BetterInvesting. Model Clubs will be glad to help you. Or, go to BetterInvesting.org. As a non-member you can get access to SSGs (and about 20 companies with which you can practice. All for free, without joining and without using a credit card. (Did I mention this was free?)
Once you land on the BI site, go to the middle of the page under "Make it Easy." There are 2 areas you can view and get trial versions. The 3rd one on the list is a free webinar showing how to use what is now called the "Core SSG." Again, go to: betterinvesting.org (not com).
Good luck. Give it a try, and don't be afraid to ask questions.
Roy "We make a living by what we get, we make a life by what we give." (Ronald Reagan, 8/8/1992)
Hi Steve, our club does not use them but it is a Stock Selection & Guide. A lot of clubs use it as a tool in selecting stocks. I attached a copy of one.
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With
data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new
companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington,
MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only
cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
Thank you, John, Robert, and Roy. Good info. I'll take you up on the BI website in a few weeks, when I retire. Booyah!!!
Steve
On Wednesday, January 14, 2015 7:37 PM, Roy Chastain <roy12@me.com> wrote:
John, That form is an oldie, but a goodie! I haven't seen it in several years, and Ken Kavula and Ann Cuneaz introduced a more comprehensive form a couple of years ago. Nevertheless, I think it is still a valuable form, but I think what most people refer to as an SSG is the 2-page Stock Selection Guide, not the document you attached.
Steve, there are two excellent ways to become acquainted with an SSG. As Robert Shaw suggested, find a model club or join join BetterInvesting. Model Clubs will be glad to help you. Or, go to BetterInvesting.org. As a non-member you can get access to SSGs (and about 20 companies with which you can practice. All for free, without joining and without using a credit card. (Did I mention this was free?)
Once you land on the BI site, go to the middle of the page under "Make it Easy." There are 2 areas you can view and get trial versions. The 3rd one on the list is a free webinar showing how to use what is now called the "Core SSG." Again, go to: betterinvesting.org (not com).
Good luck.
Give it a try, and don't be afraid to ask questions.
Roy "We make a living by what we get, we make a life by what we give." (Ronald Reagan, 8/8/1992)
Hi Steve, our club does not use them but it is a Stock Selection & Guide. A lot of clubs use it as a tool in selecting stocks. I attached a copy of one.
My club requires that anyone proposing a stock purchase complete an SSG for the target as well as for other companies in the same industry for comparison. With
data services, a top-line, accept-the-defaults SSG takes less than a minute to complete. If a stock suggests acceptable returns at that point, fine-tuning is performed, judgment is added, and forecast growth rates are inspected. Toolit allows side-by-side comparison on multiple figures.
If the reporter is lazy, and we all are at times, we use forecast growth figures from ValueLine to determine whether our original impression was justified.
As a result, we don't buy new
companies nor companies that don't have at least five years of profitability. In other words, we passed on Stratasys and still would. We didn't buy Alibaba nor Google and still won't consider them for a while. We pass on many new entries but that is the price we are willing to pay for being cautious.
Mike Jones
Wall$treet Wannabees
Bloomington,
MN
From: Kimberly Hazen <hazenfree@gmail.com> To: The Club Cafe <club_cafe@bivio.com> Sent: Tuesday, January 13, 2015 2:50 PM Subject: Re: [club_cafe] Stock Buying Proposal Guidelines
Morgan,
We use the SSG and usually require 5 years of history on a company before making a decision. While the SSG is a bit complicated for new members (Our name is "Scaredy Cats Investment Club"), we usually try to do a training now and again so we all are on the same page as to what numbers to input, etc.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As
you can imagine these reports are all over the lot now, some with much useful information, and some only
cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.
Our club uses the SSG for analyzing stocks but we also require a report for any proposed purchase of a new company. This report was developed by Ev Luecke with some adaptations by our club. Members include completed SSGs of the company and its competitors, and usually a VL or M* report as well. Its format probably needs to be updated and tweaked...feel free to do so. Over the years we have found this to help us focus on what is important (to us) in a company we are considering for purchase.
Our club is preparing some standardized stock buying proposal guidelines, and I'd like to get some feedback from any other clubs who have already done this, or from those who have suggestions as to what to include in such guidelines. Our objective is to provide a more standardized process that all members can use when reporting on stocks they are recommending to buy. As you can imagine these reports are all over the lot now, some with much useful information, and some only cryptic. Having a standardized reporting structure will hopefully insure we get good information on a particular stock before making a BUY decision.