It was a busy weekend here in Orlando recently.
The markets were going bananas – something about millions of insanely crowded, leveraged-to-the-gills bets against volatility blowing up like "Zabriskie Point" – but I wasn't sweating it too much.
My money was in good shape, still drawing unreasonably good returns from top-flight companies I own.
But The MoneyShow was in town, so I took a break from researching everything there is to know about these firms to spend parts of Thursday and Friday there.
Though, it must be said, I've gone every year since I moved to Orlando six years ago – for at least part of the day.
Here's the thing: I don't think I have attended five of the sessions in that time. You see, I've got little to no interest in most of the topics; I've tested – and rejected – most of their allegedly "foolproof" strategies years ago.
I go for three reasons.
First, I know many of the speakers, so I go to have lunch, dinner, or just a coffee to catch up with them.
Second, I go to restock my office supplies. Most of the exhibitors are giving away pens, notepads, and other useful stuff. Yes, I'm "that guy."
Last, and most important, I go to wander the exhibit areas, and check out the hot topics of the day… and what horrific new ideas are being foisted on the investing public. I talk to folks and eavesdrop.
What I found this year was pretty upsetting, to be honest…
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.