Steve Selengut
MBA
Official Guide
Investment Management, Asset Allocation, Trading, & Income Generation Expert
Steve Selengut Quick Facts
- Main Areas
- Investing, Investment Management, Income production, Asset Allocation
- Best Sellers
- "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read",
- Career Focus
- Former Investment Manager, Speaker, Educator
- Affiliation
- Sanco Services, Inc; Kiawah Golf Investment Seminars
Steve Selengut http://www.marketcycleinvestmentmanagement.com http://www.kiawahgolfinvestmentseminars.net
Professional Portfolio Management from 1979 to 2010
Author of: "The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read", and "A Millionaire's Secret Investment Strategy"
Proprietary Investment Developments: The Working Capital Model, Smart Cash, The Investor's Creed, The IGVSI (Investment Grade Value Stock Index)
Former professional investment portfolio manager. BA Business, Gettysburg College, MBA, Professional Management, Pace University, Paul Harris Fellow, Phi Gamma Delta, AAII member & speaker, Steve Selengut was a private investment manager from 1979 thru October, 2010, as the CEO of Sanco Services Inc. He now operates as a sub-advisor to an RIA firm.
His life experience as an investor started in 1970, at age 25, when he was given the responsibility to manage a $60,000 portfolio. He developed an Asset Allocation Model then (decades before the concept became popular) that he still uses today, and a trading approach to investing that allowed him to start his own business at age 34.
During his twelve-year career in the Financial Services industry, prior to 1979, Steve developed an appreciation of the complete Wall Street (political, social, and economic) environment. Using this understanding of the “playing field” (and a portfolio that provided all the income his family needed), he took his new investment ideas and concepts on the road.
Building an Investment Management business with no corporate sponsorship, no products to sell, and just two management clients was a daunting task. Fee-only personal investment management without mutual fund commissions or product sales was a revolutionary approach in 1979.
Steve developed a loyal following of dedicated clients, many of whom were with him throughout his career--- the two who helped start the business in 1979 remain as sub-advisor clients today. Many non-clients use his unique portfolio management methodology and a select few have been taking advantage of his mentoring services.
He has published hundreds of investment (and tax reform) articles, and three investment books. He invented the Working Capital Model, developed the IGVSI, and has introduced many new investment concepts, including: Market Cycle Investment Management, The Investor's Creed, Smart Cash, the QDI, Base Income, Securities Buckets, and others.
Steve Selengut Audio & Video Programs
Market Cycle Investment Management (MCIM) Mentoring Program
http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/5638
Private Portfolio Analysis or Investment Q & A Webinars
http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/5639
Free MCIM Introduction Webinars (at least monthly)
http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/18362
Steve Selengut Books
The Brainwashing of the American Investor
http://kiawahgolfinvestmentseminars.net/Inv/index.cfm/5801
A Millionaire's Secret Investment Strategy (out of print)
http://www.sancoservices.com/millionairessecretstrategy.htm
Hundreds of Investment and Investment Politics Articles
http://kiawahgolfinvestmentseminars.net/Inv/Search.cfm
Articles by this expert
SelfGrowth articles and saved writing connected to this expert.
Article
***Retire Social Security Debt and Save The Economy --- What If?
What if the US Government sold the Social Security system/employees/buildings/DEBT/etc. to Insurance/Annuity industry companies for the amount of the debt plus a few billion --- all in cash plus secured debt of the hundreds of companies involved in the purchase? The money would be turned around immediately to repay the trillions in government (Social Security Trust Fund) IOUs and it would be invested in guaranteed fixed income annuities (guaranteed immediate annuities for those already receiving benefits) --- absolutely a guaranteed winner for a presidential candidate.
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***What Stock Market Correction - Brainwashing Book Strategies Take the Sting Out --- Again!
"The Brainwashing of The American Investor", now in its second edition, provides you with a proven methodology for successful personal investment portfolio management. Step by step instructions for asset allocation, security selection universe creation, diversification, and profit taking are presented in an anecdotal manner, based on the author's hands-on professional experiences.
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***Investment Grade Value Stock (IGVS) Expectation Analyzer
No investor should ever be surprised by the changes in market value that appear on his or her monthly account statements. In general, media noise throughout the month should lead to a feel for what has been going on and investors should understand that the prices of investment securities, particularly equities, are constantly changing.
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***Stock Market Corrections Are Beautiful Things - Shopping At The Gap
A correction is a beautiful thing, simply the flip side of a rally, big or small. Theoretically, even technically I'm told, corrections adjust equity prices to their actual value or "support levels". In reality, it's much easier than that. Prices go down because of speculator reactions to expectations of news, speculator reactions to actual news, and investor profit taking. The two former "becauses" are more potent than ever before because there is more self-directed money out there than ever before. And therein lies the core of correctional beauty!
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***How Do You Spell Correction? (August, 2007)
During every correction, I encourage investors to avoid the destructive inertia that results from trying to determine: "How low can we go?" and/or "How long will this last?" Investors who add to their portfolios during downtu s invariably experience higher values during the next advance. Yes, Virginia, just as certainly as there is a Santa Claus, there is another market advance in our future. And despite a still much too high DJIA, we are in the third month of a correction. (A fourth month if you own income securities.)
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Investment Performance Evaluation Re-Evaluated: Part One
It matters not what lines, numbers, indices, or gurus you worship, you just can't know for certain where the stock market is going or when it will change direction. Too much investor time and analytical effort is wasted trying to predict course corrections--- even more is squandered comparing ...
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Investment Performance Evaluation Re-Evaluated: Part Two
The Working Capital Model (WCM) looks at investment performance differently, less emotionally, and without a whole lot of conce for short-term market value movements. Market value performance evaluation techniques are only used to analyze peak-to-peak market cycle movements over significant ...
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Article
Golf and Investing: Tin Cup Lessons
Benjamin Graham was an economist, financial analyst, and professional value investor. He was one of the first to advise investors to look beyond the media hype and confusion to find undervalued stocks that would become part of a diversified portfolio. Roy McAvoy is a fictional professional ...
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Article
Golf and Investing Lessons: Fundamentals
Is it luck or skill that gets us to the goals and objectives we set for ourselves--- gimmicks and software programs or practice and understanding? How many golfers are still using the putter they started with decades ago at a nine-hole cow pasture? How many of you are still bouncing between ...
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Article
Golf and Investing Lessons: Working The Ball
I think it was the immortal Ben Hogan who quipped: I can put "left" on the ball and I can put "right" on the ball--- "straight" is essentially an accident. Most amateur golfers would make a slightly different observation. We can hit the ball left or right with no problem; we just have no idea ...
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Article
Working Capital Model Investing – The QDI
Crash! The 2007 thru 2008 financial crisis halved 401(k), IRA, and Mutual Fund values in a matter of months. For many, retirement dates had to be pushed back; for others, new jobs had to be found. The tragic flaw? No income allocation in the investment program. Market value builds egos; income ...
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Article
A Quick Jolt for the Auto Economy, Plus Ten
Thirty Billion Dollars is a huge amount of money, but it translates into less than $100 per US person--- a small price that we should all be willing to pay to give the Automobile Industry time to restructure itself and to save a few million jobs. Give them the green, but have them pay it back ...
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Websites & resources
SelfGrowth-published websites, downloads, and contributor profile websites connected to this expert.
Favorite Quotes & Thoughts from Steve Selengut
A profit is a terrible thing to waste.
A correction is the flip side of a rally --- you should be able to dance to both tunes.
There's no such thing as a bad profit --- or a "smart" loss.
Increasing your "base income" is the only sure way to beat inflation.
Key market events and/or turning points are only visible in rear view mirrors.
Most unrealized gains wind up in the realized loss portion of the tax return.
Contacting Steve Selengut
Sanco Services, Inc.
3912 Betsy Kerrison Pkwy
Johns Island, SC 29455
(843) 243-0494
Toll Free Phone (800) 245-0494 • Fax (843) 243-8509
Email: sanserve @ aol.com; steves@sancoservices.com
How to get started
The first thing about getting started with an investment manager is developing a keen understanding of his methodology --- he or she should be able to explain Quality, Diversification and Income Generation rules used for both selection and retention of securities. No manager is actually managing unless they are selecting securities --- different from selecting products managed by others. Sanco Services consults on a hands on decision-making strategy with equities and a selection of Closed End Fund vehicles for income investing.
A manger should also have a clear set of rules as to buying price and sell targeting. You can obtain all of the insight you need as to my methodology from my published articles and "The Brainwashing of the American Investor".
The first thing the manager should need to know is your objectives. You should have a pretty good handle on that before you pick up the telephone. A manager won't lead with a product, he''ll describe a philosophy about markets, cycles, and expectations. There are no guarantees in the securities markets; alte ative investments aren't -- they are speculations; and growing income annually, regardless of your age, must be part of your investment plan.
Kiawah Golf Investment Seminars provides regular small-group free webinars and a variety of paid private, group, and mentoring programs.
Other highlights
Private Portfolio Investment Management --- I managed indivdual and company investment programs from 1979 thru October 2010 (when I became a victim of the financial services reform act expense estimates) --- I am now a sub-advisor working with and through a Registered Investment Advisor
MCIM Model Portfolio "Mirror" Account Management --- As a sub-advisor, I consult on the trading in six model investment portfolios that are available to all investors through their own personal investment advisors (they can contact me directly for a list of authorized vendors.)