Introduction to the BillCara Blog
Hi, it’s good to be back with a daily blog, a continuation of the one I started in April 2004 and ran continuously until a couple years ago. As many of you know, I took a lengthy sabbatical for health reasons and to enjoy life on our boat Time&Space. Then I embarked on a major computer project that would enable me to return to daily blogging and trading for clients in the manner they expect. And now I’m back.
Our theme is, as always —
If you have trading skills, knowledge of what to trade and where to find it, and patience, you can succeed in the capital markets.
This computer project, involving new technology and content, took me well over a year to become useable. When I started it over a year ago, I had a relatively simple database of 500 stocks and ETFs. That soon grew to 1,000 and then 1,500. Today we study a list of 1,100 company stocks in detail, and track about 33,000 instruments, including all US and Canadian stocks, OTCBB stocks, US Mutual Funds, Exchange Traded Funds, and Market Indices.
I’m just amazed at how many financial services company managed and promoted mutual funds and ETFs there are – many times more than actual company stocks! You will find my focus is mostly on company stocks although I needed all the other instruments to help me in the research.
With daily high-low-close-volume data going back to 2007, we needed a powerful, scalable database management system; therefore, we designed ours in PostgreSQL. This is a big system. Moreover, I have written applications to facilitate publishing as well as much more expanded capabilities for my portfolio management company.
Judging from our multi-year study of about 10,000 sell-side funds offered by the world’s biggest industry players — even good years at that – success for most of you has been elusive.
As many of you know, sell-side is a term used in the financial services industry to refer to a firm that sells investment products and services to independent owners and managers of capital who are typically referred to as the buy-side. I worked many years on the sell-side and know for certain that the industry is built on laws and regulations that are riddled with egregious conflict of interest issues that greatly disadvantage the buy-side. The so-called Chinese Walls and Self-Regulatory Organizations promoted by the sell-side are complete failures.
We can do better, and that is why I blog. So, I created 120 robo-generated Portfolios and in a month or so will place our computer in an ongoing performance competition with the best known ETFs and Mutual Funds, something I have wanted to do for about 30 years. All the trading, for better or worse, will be based on what I have written in Daily Lessons.