2010 Coming to a Close and Big News for 2011

I hope you had a fantastic Christmas. I had a white one myself. White from all the painting I was doing :)

Great Way to Get Extra Help

Had to re-paint 2 bedrooms and a living room back to white in order to move out without paying any huge penalties. I was planning to do it myself, but seeing as how the wall color was a dark maroon, it required 3-4 coats which meant 3-4x extra time.

In the end, I calculated how much I thought my time was worth, calculated how much I could spend to hire some people and I ended up going to Home Depot and hired a couple of men wanting some work. For non US residents, Home Depot is a huge hardware warehouse in the USA.

To be honest I was worried about hiring complete strangers off the street, but like most people, they had an excellent work ethic and just wanted to work. Money well spent and time well saved.

I’m very much closer to getting back to my normal routines, but a few things remain on my agenda that will keep me occupied the rest of 2010 and BIG news for 2011 and beyond.

New Design, Spreadsheet Updates and Web Version Coming Soon

I’ve partnered up with friend who will be handling the design of this website. The current design is showing it’s age and I wanted to freshen things up. I could have gone the fancy, new age, web 2.0 design, but instead chose speed and performance.

While the new design may seem a bit bland, loading times will decrease dramatically, leading to a better experience. The new design will slowly be incorporated into the website from next year.

I’m also in the middle of working with some programmers on creating a web version of the stock value calculator. It won’t be as feature rich as the spreadsheets because programming costs 10x as much time and money but I hope to continually build this up.

The web app, when available, will be made available as a monthly subscription service while the stock valuation spreadsheet will remain as a one time fixed cost.

A lot of time and money is being invested to come up with new ideas and features, but I’m certain that it will benefit everyone.

(Pssst. Go buy the spreadsheets now before price goes up on Saturday to reflect its intrinsic value.)

Lastly, the 2011 valuation spreadsheet version will be released soon.

I’ve included a stock tracker, financial statements in % form, improved the formulas of the spreadsheet to make it more robust and created a separate watchlist spreadsheet based off Yahoo that will grab basic stock information for a list of stocks in less than 3 seconds. A perfect way to keep your watchlist handy for the next rainy day.

Here’s a screenshot of the watchlist so far.

My Big News for 2011

Personally, this is very big news because I’ve given this weeks and weeks of thought and have spoken with numerous people regarding the matter.

Here it is. In the coming year, I’ll be taking an exam to become a Registered Investment Advisor in order to manage money. From discussions with a lot of investors, it seems like managing money is something that people would jump at the opportunity to do.

After countless discussions of the pros, cons and risks with my wife, friends, my mentor as well as receiving encouragement from fellow investors I highly respect, I’ve come to the decision that now is a great time to start. Thank you for your encouragement as well. I’m another step closer to quitting my day job in order to do what I love doing.

In a way, it’s actually going to be an extension of Old School Value, where you can now invest alongside me. I’ll be investing with my own money (not much at the moment… lol ) but I’ll provide more details as things progress. But the way things look, 2011 looks to be another exciting year. Life is just grand :)

China MediaExpress Holdings

For now, go read the forum discussion regarding CCME.

My latest purchase I revealed recently.

On the surface, it looks yuck, but that’s because the details are fairly complicated. Dilution is a worry for most, but if you read the filings, you can see why. I’m not saying that it is good to dilute in such a manner, but there is a reason, and the ultimate investment decision is left up to you.

Happy New Year. Thanks for a wonderful 2010.

I’ll be back for a recap of 2010 as well as performance results and screen results.

About Jae Jun


Jae Jun is the founder of Old School Value. He is on a mission to provide practical and actionable value investing tools, tutorials and educational material to help empower the individual investor. Keep in touch with Jae via any of the methods linked below.

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  • Floris

    Jae,

    Congrats! I think it will prove to be a great move. You are obviously very talented!

    reg

    Floris

  • TI

    Hi! Jae,

    I feel very excited for you too, man. Life depends on choice. I think you have made the right choice! Keep on going, we will be your relentless cheer leaders!

    And all best wishes!

    Sincerely
    T.I.

  • Dean

    Good for you Jae.
    You are following what drives you. Keep it up. I’m confident you will be successful.

    Dean

  • http://mosinvestor.wordpress.com mosinvestor

    Congrats Jae. Are you going to managing money full time or will you stay in the engineering gig too?

  • http://www.oldschoolvalue.com Jae Jun

    Thanks for the encouragement guys. Appreciate it. I still have a looong way to go though. I realized that this year.

    @mosinvestor,
    The boss of the home won’t allow me to quit just yet. Besides, with $0 assets under management at the moment, it’s unlikely I’ll be able to do this full time ;)

  • http://www.oldschoolvalue.com Jae Jun

    Yikes.. far too many errors in this post.
    .
    .
    fixed.

  • fandegraham

    Hello Jae Jun
    What software do you use for backtesting your strategies ?
    Do you know amibroker, I hesitate to buy it. thanks.

  • Bryan

    Jae -

    Congrats on the decision to become a career changer and follow your true passion. I also hope to switch my career from engineering to the financial services field in the future.

    Keep up the good work with the website!

  • rn

    Congratulations!! I hope you write more about the process that you are going through and all the steps that you are taking to become a RIA. I would be interested to know. like what tests you are taking, what sort of entity are you forming (LLC, partnership)..stuffs like that.

  • adam

    I love reading your website because this was a tough year for me as well. I matched you nearly identically month to month though i didn’t fare as well overall. So thank you for giving me inspiration that it wasn’t just me who struggled to figure out what was going on this year. I match your opinions on the market as a whole that it is probably over valued but until it is significantly over valued I remain invested though i hold a good amount in cash.

    More importantly, all the best of luck on passing your test to be a RIA. I think you will do just fine in taking it and it will not be wasted money. Even when your opinions cost a significant amount more I will continue to follow you extensively.

    Finally, look in to UFPT. I have yet to purchase but it seems like everything we all look for. Great fundamentals and an easy to understand business model. It’s funny that just as you finally invest in CCME (who I don’t believe is included in the many chinese small caps frauds) I have sworn off all ADR’s due to some bad choices. I wish you the best of luck in your future ventures and a very profitable year to come.

  • Fab

    Hi Jae Jun,

    sincere congratulations!!!!

    You’re a very talented Value Investor and You’ll bring it off brilliantly!!

    Billionaire investing guru Warren Buffett says “Money is a by-product of something I like to do very much.”

    Here is the link from which I’ve taken the quote above:

    http://finance.yahoo.com/retirement/article/107227/6-millionaire-traits-you-can-adopt.html?mod=retire-planning

    You’ve just adopted the most important trait: Passion!!

    All the very best for your new career and your life!!

    Fab, greetings from Italy.

  • http://www.oldschoolvalue.com Jae Jun

    @ Bryan,
    Thanks. Will be more of a career transition for now, but hopefully it gets to the point where I can focus on continually improving the site as well as offering my services.

    @rn,
    Yup, will do. It seems easier than it sounds. Maybe because I already have the basics of starting a business under my belt.

    @adam,
    Nothing wrong with underperforming. The most important thing is to make sure you are well set for a long term performance goal. I would love to be able to produce 100% CAGR over 10 years even if there are down years, compared to 15% CAGR just to beat the market.

    I’ve already looked into UFPT from a while back and have been waiting for it to drop to $10. Brilliant company in a boring niche industry.

    @fab,
    Thanks a lot. Great advice for everyone.

  • http://can-turtles-fly.blogspot.com/ Sivaram Velauthapillai

    Hi Jae,

    Happy New Year and all the best to you & your family in 2011.

    Good luck with your investment advisory side career. Sometimes you have to do certain things in life at certain moments and this may be it for you.

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