My approach to Portfolio Management for the Retail Investor

www.markmeldrum.com
www.linkedin.com/in/mark-meldrum-phd

[@qiyangxu7872]

Now I know who's taking my money in the options' market

[@SagarRBiswal]

lol

[@qiyangxu7872]

wow my most liked comment on youtube. thx boys & girls

[@Bogdanbmm]

@@qiyangxu7872 haha great one :))

[@Bogdanbmm]

Epic comment haha

[@saireddy6261]

This is probably one of the best videos I have seen that articulates the application of theory to the real world. Thanks Mark. Please keep making more of such videos.

[@saireddy6261]

@@akankshakumari0708 I would like to help you. But unfortunately I am not qualified enough to answer your questions. Thanks.

[@James-ct6pe]

wow! One hour video, we are in it a for treat boys.

[@Asteria_Inc]

ah! I am so addicted to Mark!

[@Oetti]

Xu Tan me too! Dr. Meldrum is a badass. Really grateful for his content

[@carlosfigueredo5682]

The best takeway from this entire business is the "treat it like a business" advice.

[@oliveiraphael]

Exactly that.

[@tuanmai1235]

This is God's work. I'd love to see you having a podcast, selling merch, etc...

[@vort8976]

I second this

[@shubhanshumehra4123]

A mark meldrum podcast would be amazing

[@timothybracken1728]

Second this

[@preetjain720]

He already sells merch on his website

[@mehdunno0]

As always much appreciated Mark! This channel along with your CFA courses provide more value than anything I have ever come across. Please keep these sorts of videos coming.

[@Inthemoneycalls12]

loved every minute of it. Thanks for giving back Mark, as always

[@bRANKLATA1]

Great content Mark. Please keep these videos coming. Thank You for Your valuable insight and willingness to share with us!

[@AndrewTJohn]

Thank you for this video Professor, Really enjoyed watching and taking notes on your approach to PM.

[@blakecallison9552]

I don't comment on many videos, but the fact that you provide this quality of content for free to the community is amazing. Glad to have been recommended to you for my CFA level 1 study material.

[@redtoyotacorolla]

Good Morning Professor! Glad to see coverage over residential/commercial REITS this morning. I am also long REITS for the time being as I see a reversion to mean especially in office space. I have exposure to New Residential, Invesco mortgage, MITT, pennsylvania trust. etc.

[@predragshapcheski6246]

Thank you, sir. This really helps. Gonna be a rewatch for me on a monthly basis to measure where I improve.

[@christophermonin2503]

This is a fenomenal video. I just discovered your channel Mark, and you’ve instantly drawn me in. Keep up with the incredibly useful content!!

[@stevenly123]

This guy is the real deal. Thank you for sharing your knowledge, Mark.

[@oanairani41]

Thank you very much professor. This video is gold, teaches us how to think and how to use options in different market conditions. I can't tell you how many times I sold covered calls on down days and lost all the upside when the stock recovered few days later. Please make more videos like this when your time permits and thank you again for sharing your knowledge with us.

[@coltfeltes]

I'm glad you talked about options, Mark. It seems most have not seen the beauty that they offer.

[@avideh.mahdavi6311]

Thank you Dr Mark for taking the time to make this video. It would be great if you could create more videos with applicable contents. I studied Finance and Economics but ALL the courses I took was so abstract. Your university students were really lucky.

[@alexhutcheson8467]

This video was awesome. Super interesting to not just hear your opinions on markets, but to also hear what strategies you use based on those opinions, how to adjust if the market is moving against you. I also really like how you talk about options, and say why you buy them at X strike and Y expiry. During my undergrad, it was a lot of "here is what a call is, and here's why you would want to buy/sell them, and here's how to value them", with little guidance on when you should consider ITM/ATM/OTM, when you'd prefer certain expiration dates over others etc.

[@devilalive23]

Thanks for great content. Please keep them coming. Super informative!!

[@donesteban1947]

Really enjoyed that analogy of drawing a parallel between the risks of investing in the market and the risks of starting your business. Lots of people see investing in the market as a "casino", sometimes including myself and I have to watch out for that bias. Appreciate tying the CFA content into practical day to day investing as a retail investor, it helps see that knowledge in action!

[@weisheng1457]

I love watching your videos Mark. Absolutely solid stuff - All the way from Singapore

[@manjitmalhi5911]

Pure gold! Very well put and great advice.

[@chandrakantjangam8016]

Great Fathers Day gift. I am L1 Dec-2020 student. Thank you very much Mark.

[@luminousblue1539]

You are so wise. It's a privilege to watch your videos.

[@user-cu9ld2jt2v]

Truly appreciate your great work to share and help people~ Thankyou Professor🌻

[@BerryURL]

Thank you Mark! I always learn something new listening to you. I’ve just ordered all the books you recommended on the previous video. Didn’t even have to pay for them. I know what I’m reading this summer for sure! I’m 19 and I aspire to have your kind of knowledge one day. A special thanks from Italy. See you in the next video. Lorenzo.

[@daniel4178]

Hi, I completely agree, his videos are extremely valuable. May I ask you which are the books he recommended? Thank you very much in advance!

[@Oetti]

Yes! Today is a scheduled break in my CFA Level II prep, but I still get new Mark Meldrum content to consume…Thanks Dr. Meldrum

[@Oetti]

And lemme just add I also haven’t gotten a haircut since about 3-4 days before the quarantines began here in the SF Bay Area…so I have solidarity with you in the “I’ll get a haircut after I don’t need to first get my Last Rites before setting foot into the barber shop” sense, Dr. Meldrum…we are not alone!

[@barackhussainobama7336]

Hey, how is your prep going so far?

[@tellurium96]

How do you do your prep?

[@Oetti]

@@tellurium96 I broke down my studies in the order of CFA Level II topics that Dr. Meldrum prescribes in his videos. I have a whiteboard where for each topic I'll lay out *day-by-day* the readings/video lectures/notes/practice problems I need to do. I insert a good deal of "break" days either for actual breaks or to act as shock absorbers if I fall behind, say three break days per month. Periodically I'll re-write whatever portion I have left for each topic to re-calibrate/re-adjust what's remaining, all with a realistic eye of finishing on time per the schedule I originally prescribed myself. This way I'll have gone through everything thoroughly by, say, mid-October and have way more than the minimum recommended four weeks to review. The postponement of the exam came as a blessing to me, I would absolutely have NOT been ready for June.

[@Caleb_Standridge]

Just a wealth of information! Thanks, Mark!!

[@AS-kh9uc]

Thank you Dr. Mark, very helpful!

[@giorgiorivadossi2666]

Fantastic! Sage advises! Thank you very much!

[@angeloibrahim4487]

This is amazing. Thank you so much!

[@mehsanm]

This is absolutely gold!

[@AF_Piano]

Outstanding content, as always

[@florianberthier962]

simply brilliant , thanks Mark ! greetings from France

[@matovumartin5973]

Simply put ......you're just awesome......This video is superb.........such wisdom

[@jyotinathani394]

Professor You are best. Never miss your video. Too informative

[@RyanTrinh33]

This is truly God's work. You opened my eyes and my mind! Thank you Dr. Mark!

[@chakavak2015]

For all the time and energy you put to come up with rich content videos like this and for sharing your deep knowledge and experience with others: THANK YOU! As much as I try to skip many other so-called investing videos out there that KZbin recommends, I am always waiting to watch your next. I hope I/we can do something to increase your number of audiences. If there is anything, I would love to do voluntarily.

[@supert5]

Just want to give a huge thanks to your video. Ive been able to climb myself out of the gutter ever since watching your video. Thanks. I hope you could give more tips on managing portfolios

[@junal27]

Excelent video, thank you for sharing your approach. Respectfully.

[@morgandavies7898]

Thank you for this video Mark!

[@hbahou]

Fantastic video as always Mark !!!

[@7346908]

Kind and humble of you Dr Mark. You didn't put a pic of Lamborghinis and chicks on your left right yet you made a best content

[@muhammadkazimali9657]

This one completely changed one's mindset as a retail investor - Long term approach, volatility is opportunity, passive approach is like slow & steady wins race.

[@albano2910]

He definitively knows the stuff...genius level....he does not need the CFA charter, the CFA charter needs him

[@samkinder2155]

Thank you for this video. It has opened my eyes to the other side of options. I've been a buyer up to this point but selling could be a great way to buy some of the companies I've had my eye on

[@daviddoherty6527]

Bit late to the party on this video as it’s a couple of years old - but this is hands down one of the best videos on investing I have ever watched. Focusing on one industry to become an expert is something I had never considered but it makes perfect sense. Many thanks for sharing your wisdom! 👏👏

[@ellenw756]

Great content. Thanks professor!

[@marguz99]

Wow! Excellent video, you got a new subscriber. Please add more videos showing this type of hands on, practical stuff. Specific examples would be appreciated. Thanks again!

[@kokher1751]

Thanks Mark that helps a lot! always inspiring

[@nimasarsangi4347]

Thank you Mark Meldrum!

[@MrLevent79]

This is the 4th time (I think) I am watching this video and I still learn from it. Uh.. I wish we could get more of these videos! Thanks again Dr. Mark

[@MarkMeldrum]

You can register at www.markmeldrum.com for free - you will get the complete Applied series there for free.

[@darcebrooks5409]

Thank you for sharing knowledge to those who were never taught, new subscriber here

[@gradoscapital]

Mark, this is brilliant. I can't believe it's free content haha! Thank you

[@stratixfinance]

Thank you for this video. I did not watch it yet, but you are a LEGEND so...

[@nikolastakic3725]

Very insightful and priceless Dr.Mark, thanks so much! It's a shame that non-EU countries from Eastern Europe (i.e. my homecountry of Serbia) are too constrained with the extraordinary trading fees through various platforms, some of which are even affiliated with Interactive Brokers. This is especially true for the options, with the usurious fees and demotivation of even trying to think about various option strategies! I have a huge problem implementing my CFAI knowledge due to mentioned reasons. Alternatively, if we want to open account directly on IB, there are problems with foreign transfers and withdrawals, which are again, ultimately complicated and expensive.

[@tantricsurfer]

The best instructional video I've ever seen

[@aleyyomonsanto7283]

This video gave me ton of knowledge and insight!

[@richardgordon]

Great video! Interesting, inspiring and even funny 22:38 "Hertz,.... the stock is worthless, we have no idea why people are buying this...."

[@imeldomarcos4126]

Thank you professor mark .

[@ang-en2ki]

Very nice video! Thank you so much!

[@jackmoretti7943]

I think I'd find it more difficult not to watch all of this video, such great value.

[@danielcastro1705]

Amazing content, thank you!

[@simonroese2596]

Thanks man Mark minirvini and you are my fav

[@ToanBui-vl7lw]

We love you Dr. Mark

[@path6633]

Thank you for sharing your knowledge

[@Plmxns]

some of Mark's videos deliver catharsis to me. This one is of that kind. Mark is definitely a teacher in a wide meaning of that word.

[@Goldbell30shoe]

Mark , you are such a great teacher.

[@garyobrien8387]

Legend thanks Professor.

[@zackv2408]

Really great video thanks

[@ryanlandey3305]

Mark's the best!

[@timothybracken1728]

Thank you for this mark

[@fk2338]

very eye opening. Thanks.

[@sumedh235]

Nice video professor

[@torontovalue]

Hi mark! Awesome content! Not my main job but I ve sat for CFA I and II, candidate for Level III now. Haven't taking your courses but i know your focus is on making the students learn the concepts and not only pass the exam. Given the angle of this video, have you thought about creating a course for CFA holders dedicated to retail trading strategies? Would definitely subscribe to that one given the professional approach you take to teaching :) thanks again!

[@alastairmartin7944]

This is great🙌

[@aman4434]

CS grad with a new found interest in finance. I guess I'm lucky to have found your channel early in life. I'm not from the US but I find your videos insightful nonetheless. Thanks Mark!

[@MogulProductions]

@@gwills9337 Can you recommend other youtuber related to this topic? :)

[@aman4434]

@@gwills9337 yes I have realized that if it was actually possible to make money, many smart people would already be very rich. I'd like to dream I could somehow be *that* guy, but I have quickly become wary of the *chaotic* nature of markets that you talked about. Also, I think psychology plays an even bigger role than I read about right now. There are a HUGE number of people who are totally unaware about how the market functions (including me, till a while back) and I actually feel that herd mentality is understimated. I am realizing slowly that there is a LOT to learn in this field, and tbh it excites me. It also seems funny how people try to use basic machine learning models and a couple of headlines to make 'stock market prediction' projects (without basic financial knowledge) when there are actually too many factors to consider. I'll check out the link you mentioned, thanks!

[@Vishal-ih3tc]

Man, I miss these videos! Mark, please make them more...

[@xiangpengxiang6636]

Thanks Mark!

[@faresserhan]

Hi Mark, this was a great video and would love to keep hearing more from you maybe a podcast? General market thoughts?

[@iamrandoomgeek9025]

Looking forward to give cfa ,would like to join your test prep.Great content.

[@GoldEspresso]

Great stuff

[@MogulProductions]

Many thanks for the valuable information. I have made several notes during the video, because I am currently facing a similar career decision (asset class focus vs generalist)

[@MarkMeldrum]

I don’t know what this means.

[@MogulProductions]

@@MarkMeldrum I apologize, it was a reference to users from reddit. However, I edited the comment! :) WallStreetBets is a Reddit community of traders who share high-risk investment strategies, many of them posting screenshots of their 95% loss.

[@teragreg2927]

Your North View Apartment REIT example reminds me deeply of Warren Buffett’s “risk arbitrage workouts” during his partnership years back in the ‘60s.

[@jasonduryea6714]

Doing gods work

[@Bogdanbmm]

great stuff ...

[@evantaurins8899]

Such a fantastic video, a sophisticated yet graspable strategy for a retail investor (like myself). Two questions I was hoping you could answer Professor: 1. Looked at like a business, what initial investment would a strategy like this require? 2. What indicators do you use to determine a likely up or down trend? (macro, news related, technical etc?)

[@MarkMeldrum]

1. That is all relative to the person. 2. That is a book chapter, not a comment. Plus years of experience. And even then, its just a best educated guess.

[@shivammehta377]

Thanks for the video Professor. Would request you to provide some insights / video as to how do you structure a portfolio - number of stocks , weightages and drawdown acceptable and when to book profit. Do we grow the corpus size or book a percent of the profit and balance reinvest? Have read about all this but in actual practise have not found any great leads on this matter.. basically the end goal is to beat the benchmark but how to manage that consistently?? Would be of immense help if you could guide on this matter! And thanks for the great work you provide!

[@Tglizzy_]

This video really made a lot of things click for me. Have watched it several times and it is surely one of the most valuable videos I've ever watched. Thanks very much Dr Mark. I do have a question if you ever come back to these old comment sections: Would it still be wise to use puts to add positions in a small-mid sized retail portfolio (say $50-100k)? For instance if I was into the tech sector and I wanted to add an AAPL position, selling a put and getting put the 100 shares at say, $175, would use almost 20% of the account's capital. I could just purchase shares but then I lose out on premium, or I could target lower priced stocks, but then I feel like I'm not really targeting the stocks I'd want to own most.

[@vincentchow6448]

I cannot believe I watched the entire video. It didn't feel very log, either. I'm not even involved in the CFA, although I do manage my own portfolio full-time. I wish I saw this earlier - it would have reduced the duration of my learning curve substantially.

[@omarfakieh6856]

Thanks for the great content as always Mark. I was wondering if you could shed some light on your asset allocation with regard to the SPY, REITs, and the various ETFs you own. I realize that your asset allocation will change depending on what’s happening in the market, but if you could provide a range in which you generally operate between these three areas that would be very helpful. Thanks again

[@8vargk]

Thank You Mark for Your time and insights! Really enjoyed the idea of acting according to the market movement and not trying to forecast it. What alternatives would you recommend as risk management besides options strategies, mainly for those people who have lower capital in their investment portfolio and just cannot to buy/sell at least 100 shares on each position?

[@marketacumenacuity625]

Thank you.

[@asadfazla9225]

How this video not have a million views is beyond me!!

[@jonallen3279]

would love to hear about your experiences in real estate !

[@TheBlackCeaserXIV]

LOL!The impact of the Robin Hood post on LinkedIn

[@rubentje325]

Hey Professor Meldrum, first of all thanks a lot for this video. It contains a wealth of information and made me instantly like and subscribe. I have been researching and investing into the stock market by myself for a few years now. I only recently started trading options and thought I knew what I was doing. The market downturn of the past few weeks got me caught out losing a ton of money. This really helped structure my thoughts around options and how to use them effectively to your advantage. Do you have any specific tips on starting out using this method when you have a relatively small budget size to start with? I have about 10-15k USD in my portfolio at the moment. I only recently started working professionally and seriously earning money to invest. Thanks in advance.

[@gustavoscairato3314]

I sleeep well knowing that Mark is out there somewhere

[@eatmyshorts2007]

brb, dumping all my savings into HTZ, jk, great video!

[@samsweeney350]

Thank you very much Dr Meldrum, great video! I just had two questions please; 1. I noticed you were discussing securities you own across both Canada and the US. Do you hedge for currency exposure and would you recommend retail traders do this? 2. I am interested to know why a mortgage REIT would trade at a premium or a discount to Tangible Book Value at certain times. Would you have a video on this or any book recommendations on the REIT sector that would touch on this also? Thank you for your time!

[@MarkMeldrum]

1. I can hold multiple currencies in my account, so no, I don't hedge since I don't need to. 2. mREITs are basically worth the value of their net assets. Unless they have a business model on top of the assets, there is little reason to pay a premium.