tag:blogger.com,1999:blog-2149523431587168680.post1101292259678701008..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: Oddball Stocks Newsletter?Nate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger34125tag:blogger.com,1999:blog-2149523431587168680.post-81627801752254549042014-03-08T09:14:10.722-05:002014-03-08T09:14:10.722-05:00I think Nate may have commented on this earlier on...I think Nate may have commented on this earlier on Corner o' BRK&FFH, but the effort in managing something like this wouldn't necessarily equal a good dollar return. <br /><br />I really hope that I'm incorrect, but as far as I can tell, if he can get a group of qualified investors up, great; he can charge the 20% performance management fee he deserves. However, if he just gets some accredited investors brown-bagging a paltry less than $1.5M in net worth, then he can only charge a 2% management fee. <br /><br />Raise $1M, possibly get paid $20k and then be subject to all sorts of scrutiny and weak hands wanting to take their money out.TTTDoddernoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-86819468464878569912014-03-08T08:19:24.169-05:002014-03-08T08:19:24.169-05:00Nate, I am in and excited to receive the first iss...Nate, I am in and excited to receive the first issue!<br /><br />I hope the newsletter will be released electronically as I am overseas. <br /><br />I understand the issues with pricing. To a large degree but not exclusively this is related to portfolio size. I need to put $50K or more into an idea so if I can find a stock every few years from your newsletter that doubles then even at $999. per year subscription price is very, very cheap for me. I place a lot of value on your ideas and research and am willing to pay for this. <br /><br />I hope there will be a few ideas that have some type of liquidity, but I understand that not every idea fits every investor and portfolio size. <br /><br />I like the idea that subscribers would have access to some of the ideas in the newsletter before they would appear in the free blog. This is something worth paying for. I think over time this would push some cheapskates or fence sitters who are used to getting your work for free on the blog to pay up to get real time information.<br /><br />You have a very high quality value investing blog, and lots of people have already made money from your ideas (for free). You and the blog are now a proven product/commodity. You should be paid well for this. Please give the newsletter a try. I think that the number of subscribers will grow over time. And if it starts to get too big you can always raise the price.<br /><br />I am reading Martin Zweigs book now. He got his start all from writing letters to the editor of Barrons to get his name out there. He was just a teacher at the time. A few subscribers to barrons saw his letters to the editor and wrote him letters asking him if he had a newsletter that they could subscribe to. His newsletter and buniness took off from there.............. Good luck with this! <br /><br />Roger R.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-61434251075927154412014-03-08T07:20:38.836-05:002014-03-08T07:20:38.836-05:00Nate:
I would encourage you to do whatever your ...Nate: <br /><br />I would encourage you to do whatever your gut tells you to do. You operate in a niche of a niche (oddball stocks in microcap space mostly) and you know that. The question is always, is it worth your time to charge. Not necessarily the time to create the content because you do that anyway, but the time it will take to deal with the good and bad aspects of having subscribers. <br /><br />I know I would love to see you manage money. In todays world with RIA structures, you could get licensed, and fully set up on Interactive Brokers etc for less than $10k in setup fees (attorney etc). You leverage your blog by way of it being a means of market yourself. Not everyone that reads your blog is a "poor" deep value investor. I'm sure you have some very very wealthy investors too that could just as easily give you $10k-$50k-$100k+ to invest. It lets you continue to do what you do, build a track record of performance, and gives you a reason to produce really good content (by way of marketing yourself). <br /><br />Ian CasselAnonymoushttps://www.blogger.com/profile/14171365991053025486noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-35416285539961095162014-03-07T14:20:27.113-05:002014-03-07T14:20:27.113-05:00Hey Nate, have you looked at Bozzuto's "B...Hey Nate, have you looked at Bozzuto's "BOZZ"? It looks screamingly cheap, with only 527,251 shares outstanding, they earned $5,855,026 and have shareholder equity of $36,781,911. In addition, they have a LIFO reserve of $28,158,000. Seems like HUGE amount of value for profitable company in recession-resistant business. They have also grown their business significantly recently. Their last annual IS and BS are online at investors hub: http://investorshub.advfn.com/Bozzutos-Inc-BOZZ-28044/ but I can send you complete annual if you'd like. Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-21235525603401512612014-03-06T18:20:02.309-05:002014-03-06T18:20:02.309-05:00i would be interested. My only concern is that man...i would be interested. My only concern is that many of your ideas are highly illiquid. Other than that, i'm in. atryan23 at gmail.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-38017674463532693342014-03-06T12:44:50.135-05:002014-03-06T12:44:50.135-05:00Thanks for the ideas, they're interesting. Th...Thanks for the ideas, they're interesting. This might sound weird, but I actually don't care if I have something with broad appeal. There is a certain subset of readers who appreciate what I want to publish, and would specifically seek it out. Most others don't, and that's alright. <br /><br />As a friend said, I'm not writing a WSJ type of a thing with a broad appeal for $1.50. This is very specific and focused. We all need to eat, and some people enjoy nice dinners while others are satisfied with Chicken McNuggets. I don't need to worry about the McNugget crowd, I'm already satisfying them with free content. But I do want to provide something for the nice dinner crowd.<br /><br />For anyone who is potentially on the fence about this I believe my approach is going to be this. I'm going to offer a first issue as a standalone for $75, or the full subscription. If you decide to subscribe after buying the first issue it'll be at $225.<br /><br />I should have more on this in a few days.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-62993053504762629522014-03-06T12:40:04.002-05:002014-03-06T12:40:04.002-05:00Thank you for the kind words!Thank you for the kind words!Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-69921019908763116822014-03-06T12:37:25.257-05:002014-03-06T12:37:25.257-05:00Instead of a newsletter, have you considered turni...Instead of a newsletter, have you considered turning this blog into a paid community. Charge $10-$20/month, add a message board, put up some ads on the site, add some general research articles, etc. I don't know if it'd be more or less work than publishing a newsletter, but I think your subscriber based would be a lot broader. Personally speaking, I'd be much more likely to pay $20/month than I would $300 without knowing what I'm getting. <br /><br />Do that for a year or two, see how it goes, and then turn it into a newsletter if you so desire. I've had a couple of ideas for investment type sites, but my programming skills are non-existent, so I've done nothing with them. Kevinnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-53239332967306095162014-03-05T00:10:23.288-05:002014-03-05T00:10:23.288-05:00I would love to subscribe, but would have a hard t...I would love to subscribe, but would have a hard time selling my wife on another 300 of information expenses. 3 payments a year of 99 each and I'm in. Or the charter deal outlined above andSafety in Valuehttps://www.blogger.com/profile/15263141720198601479noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-31375547745161762332014-03-04T20:37:51.993-05:002014-03-04T20:37:51.993-05:00Looks like value investors are an extraordinarily ...Looks like value investors are an extraordinarily tight bunch. I guess it goes with the territory, but after reading posts on Corner of BRK & FFH, I get a vibe that most people just pay lip service to the methodology in both their portfolio and personal lives.<br /><br />The fact of the matter is that Nate is pretty much the only deep value Graham & Dodd style investor out there who actively updates his blog and shares his ideas and thoughts on net-nets, ultra-low PB, unlisted stocks, etc., and he does this for not only domestic stocks, but international stocks as well. <br /><br />The only other author who did this with the same sort of breadth and philosophical inquiry was Geoff Gannon, and it unfortunately looks like he's pretty much had to abandon that due to lack of opportunities in the market as well as interest from paying readers. His net-net and ultra low P/B pieces were some of the best ever written on the subject, but it now looks like he is trying to get a $100 a month newsletter of a long-term value hedgehog style up and running.<br /><br />If you have less than $10M, listening to Nate can make you rich. $300 is nothing to support this information. You're paying more for an accountant, doctor, or lawyer to just Google your problems when you aren't around. If you can afford to buy at least 5 foo-foo drinks at Starbucks a month, you can afford this :P<br /><br /> TTTDoddernoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-62245844565922073662014-03-04T17:06:39.758-05:002014-03-04T17:06:39.758-05:00Nate:
Thanks for addressing my points...
I think...Nate:<br /><br />Thanks for addressing my points...<br /><br />I think that every other month is a long time frame for a lot of people. "Out of sight, out of mind".<br /><br />I certainly understand about being compressed for time. It takes me many, many hours to put together an article. I envy your proficiency!<br /><br />Perhaps having "guest" or associate authors would relieve some of the stress in getting stuff out on time? You would certainly be the guiding force and main author, but have 2-3-4 guest authors contributing 35% of the articles might make it easier for you.<br /><br />Every day I see more & more foreign companies listed OTC...especially mining companies. I've managed to get some truly obscure foreign companies this way. Of course, you pay a small hit buying OTC, but it is usually easier/cheaper than opening a foreign brokerage.<br /><br />I wish you luck, and am anxious to see what you decide/do.<br /><br />DTEJD1997noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-56767180260297209112014-03-04T12:30:02.919-05:002014-03-04T12:30:02.919-05:00I should also note that this is clearly a discussi...I should also note that this is clearly a discussion of value proposition. Most readers don't see the value in what I write, I understand that clearly. I long ago realized that most readers are entertained by the blog, and are not necessarily looking for investment ideas. The proportion that are looking for ideas is very small. Maybe a similar number to the number the expressed interest in a newsletter.<br /><br />There's nothing wrong with reading me for entertainment. I truly hope readers are entertained, that's one of my biggest goals. I want my writing to be enjoyable to read, even if an investment isn't appealing, there is no shame in that.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-47488752349904214012014-03-04T12:22:25.173-05:002014-03-04T12:22:25.173-05:00No, in the US you don't need to be a RIA to pu...No, in the US you don't need to be a RIA to publish an investment newsletter. There is a carveout in the regulations.<br /><br />Thanks.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-58294125529743991272014-03-04T12:22:02.403-05:002014-03-04T12:22:02.403-05:00Thanks for taking the time to offer your ideas, I ...Thanks for taking the time to offer your ideas, I appreciate reading and thinking through this.<br /><br />Some of the comments on pricing are funny. Do you expect to get a price break on a hedge fund because the manager isn't as 'seasoned?' I see Grants is about $50 an issue. The problem is while people might love to subscribe for $50 or $100 a year it simply isn't worth my time given the interest level. I doubt 3x or 6x the people would subscribe at a lower price point. I just don't have the bandwidth to product a really great product for a few grand a year.<br /><br />Yes, the US ideas, seems to be an issue with US investors for sure. Non-US investors don't seem to be bothered by non-US ideas. But I'm clearly sensitive to this as well. I would prefer to invest in US companies because it's cheaper for myself when considering commissions.<br /><br />In many ways Americans seem to prefer lower quality American ideas verses higher quality foreign ideas. I'm not sure why this is the case, but it does offer opportunity for the enterprising investor.<br /><br />The question I'd ask is what percentage of the ideas in a newsletter do you plan on investing in? I view something like this as providing an investor with 20-30 ideas a year for $300. I would expect a typical reader to invest in maybe five ideas, possibly 10 at the most. If you're putting $10k worth of capital into any of these that's $50-100k into this for a year. In terms of fees that .6% to .3%. I mean yes everyone loves paying less, but that's already fairly inexpensive as it is.<br /><br />I'm split on how to test this further. A charter issue is an interesting idea. The problem is there is a lot of up front cost for me to put something like this together. I'm not talking about the newsletter itself, the sales platform, the credit card processing, book keeping etc. I have some of this infrastructure build for CompleteBankData.com, but I'm looking at maybe 60-80 hours of programming to get just a charter issue setup.<br /><br />I've received enough interest via email signups to take this a step further. The next step is to have people actually sign up. If conversions fail at this point I can just initiate refunds and call it a day. I might have to eat a giant CC processing fee, so not totally costless for me.<br /><br />I guess a last option is a hybrid approach. Maybe let people sign up for a subscription at full price, or pay for one issue at $75 and see where that goes. If someone wants to sign up after that they can.<br /><br />Everyone loves free. I'm realizing why freemium business models don't work. Of the readers to my blog monthly about 1% have expressed interest in subscribing. Take that as you will (either I have a lot of traffic, or little interest). That is about the normal conversion rate for a freemium model. It's a double edged sword. A large base gives me a platform to do something like this. At the same time I'm giving away a lot to many people for nothing in return. I can see why some newsletter writers don't publish anything publicly, it's easier to cater to a small and loyal audience.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-22773567215797237402014-03-04T12:10:57.753-05:002014-03-04T12:10:57.753-05:00Don't you have to be a registered investment a...Don't you have to be a registered investment advisor in order to run a paid investment newsletter?<br /><br />I am an avid follower of yours.<br /><br />BestAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-23770117213667053072014-03-04T11:45:32.970-05:002014-03-04T11:45:32.970-05:00(1) I read your blog and have a level of comfort w...(1) I read your blog and have a level of comfort with your ability to locate valuable obscurities. I suspect most here know that there is significant value in what you do for free. Firstly I'd like to express my appreciation for what you’ve done, and secondly I offer the following;<br /><br />(2) Utility - As a tiny (and admittedly insular) US investor, a fraction of your ideas simply don’t submit to my analytical abilities. If I can't read the annuals because they are in French or something, then they go into the "technically intractable" pile (bin). I recognize that this is part of what creates the opportunity, but obscurity being your selling point, a portion of your ideas will naturally be "too oddball" for a meaningful (and very likely different/rotating, depending on context) cohort of your readers. To half-seriously illustrate, if I paid $300 a year to get a list of 30 ideas that were all in African and Indonesian construction & livery companies I would very likely just cancel. Surely there is a happy balance, but the nature of paying for ideas is that if you don't give me anything that I can personally use (my deep faults taken into account) – I just stop paying. You have a good balance on your blog, but as a deeply skeptical buyer it occurs to me that I'm prospectively paying premium pricing (see #4) for 100% of a newsletter of which I can personally use maybe 30-50%.<br /><br />(3) Capacity - your ideas basically by definition can absorb limited capital. You've said that you couldn't manage more than $15-20mm. As a prospective buyer I start estimating: supposing 200 subscribers with $100,000 each, on which they will be paying you (200x$300=) ~$60K. A good result for you, and to make a comparison mathematically you're at a sort of 30bps "virtual management fee." Something like 50bps is the most I would ever even briefly consider parting with for passive advice of which I can in any given year use 30-50% by quantity (see #2). So the pricing isn’t truly horrific (but, see #4). My issue is that I'm slower to read/absorb/act than your other subscribers (see the reaction any time you post on SA Pro...). <br /><br />Given that there would be 199 people out there having leapt the penny gap to put ~30-50bp worth of skin in the "Oddball Newsletter" game, I imagine they will be strongly motivated (if not impulse-driven) to cram capital into these (as defined) obscure ideas. Cynically, you're personally likely to do quite well as a long with an influx of buyers in a thin market, but from where I sit it seems like it might render your advice valueless to me (like paying a 30-50bps entry fee to a footrace that I am very unlikely to win). There is obviously unaccounted-for overlap (or non-overlap) here with #2. <br /><br />(4) Frankly, the pricing just looks high - both as a portion of my personal assets and as an absolute figure. Having not seen a sample issue it's hard to make a good comparison (maybe a consideration for testing the market further?). Objectively though, on an issue basis you are 25% over long-established reputable guys like Grant's. On the "value" front you are at 75% of the price of a year of OID (although I - and I think many others - are unclear on exactly how that works currently). I would be much more likely to subscribe on a "Charter" basis as outlined by an Anonymous commenter above, if only because $100-$150 is a much smaller risk while the value proposition is relatively unclear (especially as it relates to #2 / #3).<br /><br />As a potential subscriber, these are the hurdles I would have to mentally clear before pulling the trigger on the Oddball Newsletter. To reiterate, these aren't criticisms on you personally - I very much appreciate all the value you’ve provided free of charge and will be among the first to happily sign up for something like this if it makes sense.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-84574228504612421152014-03-04T03:26:50.086-05:002014-03-04T03:26:50.086-05:00Probably unimagined good stuff, for the long term ...Probably unimagined good stuff, for the long term power of your blog and wealth:)<br /><br />-Rens Anonymoushttps://www.blogger.com/profile/08398242098706568921noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-49709884523231067792014-03-03T12:29:25.343-05:002014-03-03T12:29:25.343-05:00Nate, this is off-topic, but since you mentioned i...Nate, this is off-topic, but since you mentioned international stocks, you should take a look at Keck Seng Investments - 184 HK on Hong Kong Stock exchange. <br /><br />It has 5 HKD per share in cash, US real estate worth ~ 6 HKD per share, and other real estate assets worldwide. I calculate NAV = 19 HKD per share, while the stock is at 5.8 HKD per share. Full disclosure, the stock represents a 5% position in my portfolio.<br /><br />Mike<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-85304375417093518702014-03-02T23:48:04.572-05:002014-03-02T23:48:04.572-05:00I think my back of the envelope is wrong, I undere...I think my back of the envelope is wrong, I underestimated. I think you could probably get a few million into the trade I'm thinking about with a little patience. Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-32643606653238266212014-03-02T23:17:11.435-05:002014-03-02T23:17:11.435-05:00Paul,
Thanks for the comments, yes monetizing a s...Paul,<br /><br />Thanks for the comments, yes monetizing a site like this is difficult. My goal is to provide a premium version of what I already do. Most bloggers use their blog as a platform to get a job as an investment analyst, or to start a fund. Neither of those are goals of mine, so I'm exploring different avenues.<br /><br />I want to provide both quality and quantity if possible. I think in a bi-monthly format this is possible, otherwise I'd end up watering down some of the issues. I agree that good ideas are becoming scarce!<br /><br />NateNate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-63380051317201187932014-03-02T23:09:50.369-05:002014-03-02T23:09:50.369-05:00DTEJD1997,
Great points. To answer yours questio...DTEJD1997,<br /><br />Great points. To answer yours questions. If I have to publish something once a month it's not going to happen. I can't handle that with my schedule, and I would end up publishing something I'm not proud of. I don't have the time to source and edit that many ideas once a month, especially since this is going to be side income for the foreseeable future. My main priority is my day job, then CompleteBankData.com, then the blog, and a few other obligations. I'm also married with kids, so there are a lot of moving parts..<br /><br />The summary might not have been as clear as I would have liked it. The newsletter will contain a number of ideas per issue, most likely close to five or more. Some of them might be long and exhaustive, others might be a page or two highlighting a fairly unique company that's worth further research. I have the line up planned for a first issue, two unlisted companies most don't know that are very cheap, an idea that's almost truly unknown yet is extremely attractive and can handle a LOT of capital, two bank stocks, plus a guest post. A back of the envelope on my ideas is that you could probably deploy about $500k of capital to the first issue alone.<br /><br />The price...yes, everyone wants something cheap, but you already have it! I'm already posting on the blog for free.<br /><br />Not sure about the subscription for guests, hadn't thought about that, good points.<br /><br />I presume you're a US reader. Half of my audience (at times more) is non-US based. So there is a balance, half of my portfolio is non-US as well. I think ideas will flow to where they're found. I have a good general sense from writing here what people want to read about. <br /><br />Glad to have you as a reader!Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-36165772607467905802014-03-02T23:01:22.006-05:002014-03-02T23:01:22.006-05:00I've had this question asked a million times, ...I've had this question asked a million times, might as well respond where it's searchable.<br /><br />I've written a newsletter for a few years for GuruFocus, it's been fairly well received. I've been writing this blog for 3+ years, same sort of reception. I don't fear failure, a failed newsletter is a low lower risk than a failed asset manager. Yes, not all newsletters work, but not all blogs work, not all asset managers work either. A newsletter is a much easier side venture to run compared to running a few million dollars on the side.<br /><br />As for working in asset management, I'm barred by my employer from running any money while I'm employed by them. I'm also married and have a family. To work for myself I would need enough AUM right out of the gate that would be hard to attract for someone who's never professionally managed money and doesn't have Ivy League connections. If you have $15m+ that you would like me to manage we can talk about this, I would leave my job for that. <br /><br />Lastly in many ways I'd rather run a business than manage money. This is for two reasons. The first is I'm not convinced how I invest is that scalable beyond $10-20m. But secondly a business has a lot more favorable things going for it. Asset management relies on me and my skill alone. I can hire someone and try to train them to think like I do, but that's difficult. A company that sells a product doesn't have this problem. I can hire a management team to run the business for me while still retaining an economic interest. In many ways this is desirable, I can start on the next project while I hire an operator to run one that's doing well.Nate Tobikhttps://www.blogger.com/profile/05660387777171986124noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-74410098818839041222014-03-02T10:11:40.606-05:002014-03-02T10:11:40.606-05:00I'll subscribe. I assume PayPal will be a paym...I'll subscribe. I assume PayPal will be a payment option?<br /><br />Monetizing a value investing site like this is tough and I think everyone here can understand that. Ad revenue simply can't reflect the value you offer to readers. So, a subscription service of some kind makes sense.<br /><br />Personally, I think bi-monthly is fine. Especially now that good ideas are becoming more difficult to find. I'm not looking for "quantity" at all.Paulhttp://www.valueinvestingblog.netnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-88239065543152163202014-03-01T21:44:18.238-05:002014-03-01T21:44:18.238-05:00I'd be interested in lists of net-nets, both d...I'd be interested in lists of net-nets, both domestic and abroad, along with some financial data. I think you make a lot of Excels as you research; those are what I want :D Unlisted stocks too would be good too of the same type. <br /><br />I think $300 for UnlistedStocks.net is a good deal, but I don't think I'd find enough net-nets in it to warrant only glancing at it a handful of times a year. $300 for bi-monthly issues to support your content is $25 a month. I think the content you provide is worth treating you to one cheapo meal a month :)TTTDoddernoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-41447124938392269192014-03-01T21:03:41.501-05:002014-03-01T21:03:41.501-05:00Nate:
I would be interesting in subscribing. I h...Nate:<br /><br />I would be interesting in subscribing. I have no problem with paying for TRULY good/obscure ideas...<br /><br />My thoughts are:<br /><br />A). Every other month is simply not often enough. I would suggest at a minimum every month, or even twice a month.<br /><br />B). I suggest maybe a lower price at first. If you can produce a first rate letter, then gradually raise the price. Only the most serious investors are going to be willing to pay $50 an issue...<br /><br />C). Having guest submissions would be great. That is how I do all of my articles. I write from time to time, but don't have enough time/energy/willpower to run an independent blog. I do have enough time to write an article from time to time.<br /><br />D). Do guest authors get free subscriptions or get paid in part?<br /><br />E). General or specific musings are great. So are foreign stocks, or truly unusual situations...HOWEVER, I would argue that they should be the "spice" and not the main dish.<br /><br />Whatever you decide, your blog is a mandatory read for me. Keep up the good work!DTEJD1997noreply@blogger.com