How did PEvaluator start?
The beginning
Early on, I got lucky with some investments. When the portfolio value quickly doubled, I became anxious and realized my method (picking stocks that I liked) wasn’t sustainable. So I started reading and educating myself. I sold overhyped positions which, based on sheer luck, had given me great returns. TSLA 0.00%↑ was my first major winner, buying around $20 and riding it until $300-$400. The lucky part was realizing my ignorance while the stocks were still up - this gave me a chance to step back and re-think things.
Next steps
I read a lot of books and listened to a lot of informative information online. I adopted a systematic approach to investing - looking for quality stocks, and buying them at decent prices. I was prepared to pay a premium for premium companies. Like all investors that are just starting out, I had a magic spreadsheet.
The spreadsheet
Turned out not to be magical. I wasn’t doubling my money every couple of months. But I was beating the market by around 5-10pp consistently. Spreadsheets needed to be manually updated. Formulas were hard to change. There had to be an easier way.
The website
I created www.pevaluator.com - data is automatically pulled from the SEC. Formulas were replaced with “custom market models”. I implemented price alerts so I’d never miss a buying opportunity. The PEvaluation method helped me get rid of my anxiety - I didn’t care if a quality company dropped in price - it just meant I could buy more of it, at a discount.
The future
Our goal is to both help seasoned investors, and educate beginners. Our platform has grown, but it’s still early days for us. Using a good framework, be it ours or something else you find useful and comforting, can make it easier to handle market volatility and invest with confidence.
Join us today, and let’s beat the market together!