Different Watches for Different Purposes

The watch is a useful tool. I used to wear one on my wrist and I even used a pocket watch for some time as well. I haven’t been wearing a watch for at least five years and I don’t miss it. I’m sometimes tempted by the Apple Watch, but I usually get over it fairly quickly. I don’t need a watch because I have a clock on my desk, by my bed, in the kitchen, in the garage and multiple other places in our home. Each of these clocks is different based on the location. If a clock isn’t visible, I usually have my iPhone with me to get the time, alarms, and reminders.

Different Portfolios for Monitoring and Insights

Watchlists are often useful tools for investors as well. I used to use several Fidelity Investments watch lists, but they didn’t offer much for ongoing activities. I also thought setting them up was clumsy and cumbersome. I have five Seeking Alpha watchlists. Each has a purpose as follows:

  1. ETF Bonds helps me remember bond funds I might use or recommend to others. Currently this watchlist contains BLV, FBND, GVI, IGSB, ILTB, PDI, VCIT, VCLT, and VCSH. These are managed by different providers: iShares, Pimco, Fidelity, and Vanguard and they include short-term, intermediate and long-term bonds.
  2. TrainingClass was set up so that I could analyze stocks that are of interest to individuals and groups that ask questions and want to learn more about investing. This might include stocks I own and others of no interest to me but of interest to my students.
  3. Wayne-Top-Ten contains our top ten investments by dollars invested.
  4. Wayne-Watch is set up to watch stocks that I may have sold and want to monitor or (primarily) stocks I might want to buy if the opportunity seems ripe.
  5. Wayne51 has all of our current positions in our personal IRA, ROTH and brokerage accounts. I also loaded the number of shares and cost basis for each position so that I can sort and view by factors of interest to me. I might, for example, sort my positions based on some aspect of dividends like yield, dividend payout ratio or the 5-year dividend growth rate.
My Five Seeking Alpha Watchlists

Email Alerts for Ratings Changes

Seeking Alpha provides three different ratings views for most stocks. There is the “QUANT” rating, the Seeking Alpha authors’ rating and the sell side rating. Every morning I get an email with any ratings changes. If a position has a dramatic rating change, I might review the causes. However, most of the time I am not likely to sell a position based on some mood swing by an individual author unless they make a long-term investment case that is very compelling.

Excerpt from a recent Seeking Alpha Email for one portfolio.

Big Risk Position Monitoring

Because I invest in individual stocks (and some dividend growth ETFs), I want to have a focus watch list on the top ten investments in our overall portfolio. Currently our top ten list includes ABBV, ARCC, MAIN, MPW, O, PFE, T, VLO and VYM. VYM is the only ETF in the top ten. This watchlist gives me ratings changes, press releases and various analysis posts from Seeking Alpha authors.

Recent Seeking Alpha email from our TOP TEN investment portfolio.

What I might buy list

As noted above, I set up a watchlist to watch stocks that I may have sold and want to monitor or (primarily) stocks I might want to buy if the opportunity seems ripe. For example, I have VRRM in my special watchlist called Wayne-Watch because I may buy shares of Verra Mobility Corporation based on potential growth even though VRRM does not pay a dividend.

Seeking Alpha email to watch potential buys or positions I sold.

Costs for Seeking Alpha Subscriptions

There are three tiers of subscription costs: BASIC, PREMIUM and PRO. The BASIC package is free, but you have to register to gain access to meaningful content. I used the BASIC package for at least a year before upgrading to PREMIUM.

Premium is $19.99/month (billed annually) or $29.99 monthly. I did the annual subscription to save money.

The upper tier is called PRO. PRO is expensive at $199.99 per month (billed annually) or $299.99 monthly. PRO contains all of the PREMIUM features, plus Top Ideas, PRO content & newsletters, Short ideas portal, Idea screener/filter, VIP service and no ads.

It is my opinion that the PREMIUM service is worth every penny, but I find it difficult to justify spending $200/month for content of limited value to my investing strategy. SEEKING ALPHA LINK: