I am George Acs. If I was responsible for your advanced educational experiences in Pediatric Dentistry, I am truly sorry. It won’t happen again.
My mother would be upset if I didn’t include the D.M.D., M.P.H. part, as well.
I am a board certified Pediatric Dentist and have been involved in the specialty in many areas. WANT TO SEE A CV?
Having spent nearly 20 years in full time academics and another 8 years in practice, I have been actively managing numerous stock portfolios for a number of years for family.
But like so many, I began my investing career not knowing very much and not really understanding the dynamic nature of the markets and the many opportunities to create revenue.
Although for many years I used a wonderful broker who understood my tolerance for risk (or lack, thereof), I was always a bit puzzled when I saw a pattern of paper gains vaporize and then re-materialize. And wouldn’t you know it? Evaporate again, prior to their resurrection. And re-vaporization
Although my managed portfolio returns were quite good, I always wondered what the portfolio’s bottom line would have been had we periodically sold holdings and then repurchased the same companies following stock price retracements.
“Buy and hold” seemed like such an archaic strategy.
It was only after my broker’s untimely passing that I decided that rather than get shuffled down to another financial executive, it was time for me to follow through on my ideas on a larger scale.
During that time my strategies have evolved, but for the past several years I have settled in on a strategy that focuses on fundamentally sound companies that exhibit a kind of price fluctuation that is reflected in its options premiums.
Huh?
Essentially, controlled anarchy replaces archaicism.
As I started getting very comfortable with this technique, I let my creative side break out, because I felt a need to tell the world.
And so, the perfect vehicle for that appeared. I wrote a financial and humor blog for precisely 1 year, in honor of my father, a Holocaust survivor and a man with a truly unique and odd sense of humor. Unexpectedly, that blog became quite popular, registering over 1,000 unique hits per month. However, I did tire of the demands of trying to write something humorous and insightful on a daily basis. Similar to doing crowns and pulpotomies all day long, or sitting in sub-committee meetings, every now and then it’s nice to do something a little different.
And so it was with the blog. If only I could have found an “associate”.
Over the period of years that I have been managing portfolios, with currently nearly 100 stocks, my strategies to protect the value of these portfolios have evolved. Although “hedging” has recently received much negative attention, I believe that portfolio hedging is an incredibly powerful tool to protect assets and provide a predictable stream of additional income.
For the past 8 years, I have actually spent more time managing various portfolios than I have in clinical practice. Even on those daysd in the office, every available spare moment was spent on scouring stock screens.
Having made, what I believed to be an obscene amount of money in practice, I now make more staring at the computer screen and executing trades.
Why am I doing this? Why am I creating the OTP-AAPD Program?
My OTP Newsletter has been successful, but its scope is very limited and not terribly exciting. I make recommendations just once a month and don’t really have any kind of meaningful relationship with subscribers.
My wife won’t allow me to fully retire from dentistry unless I have a real job, and the regular OTP Newsletter isn’t filling that requirement.
By my definition, the OTP - AAPD Program would count as a real job, although I’m not certain that she will agree, since I also immensely enjoy what I’m doing.
Maybe you can have both?
Questions? Comments? click here
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