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Steve Selengut MBA
Steve Selengut Quick Facts
Main Areas: Investing, Investment Management, Income production, Asset AllocationBest 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.
Other Programs & 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.)
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.
Getting Started With Steve Selengut
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; alternative 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.
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
