Jeff Russell is a financial writer for Profit Confidential at Lombardi Financial where he covers large-cap stocks and stock trends. His interests lie in micro, macro, and labor economics. He holds an MA in economics from York University and a business management degree from Ryerson University, where he graduated with honors.
Get to Know Jeff…
What was your first job and how did you become interested in investing?
My first job was as a lighting artist in the computer animation industry. I first became interested in investing after reading numerous books on investing and the stock market. I was instantly hooked by the idea that by owning a piece of a company, I could potentially turn $1.00 into $2.00 or more.
What did you take away from that experience?
I made my first investment in the stock of a company that I thought was “cool” without doing any research. Over the next couple of months, the stock declined significantly and I lost quite a bit of money. I shouldn’t have blindly thrown my money at a stock without looking first at the fundamentals. The lesson I learned was to wait for the right buying opportunity.
What is your investment philosophy?
I like to think of myself as a value investor and I’ve tried to align my investing philosophy with that of Warren Buffett. I like to invest in companies rather than the stock. I look for good companies that the market has unfairly punished due to an over-reaction to bad news.
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Bear Market Coming: Analyst This $240-billion investment officer is predicting that technology stocks are poised to enter a bear market, with the NASDAQ Composite Index set to plummet further in 2016. Scott Minerd, chief investment officer for Guggenheim Partners LLC, says the NASDAQ Composite Index could crash this…