Robert Frazier started his Medium Term Value Fund in August 2005. As of June 2019 he has has averaged 12.07% a year for more than 13 years while the S&P 500 has averaged 8.70%. An investor who started putting $200 a month in his portfolio in August 2005 would have deposited a total of $31,400, and their account would have more than doubled to $68,467. Invested in the S&P 500, their account would be worth $44,865, more than a third less.
As a social media marketing consultant, Robert has firsthand experience in a profitable and rapidly growing industry. It is his firsthand experience that enables him to make investments in social media stocks better than anyone else.
Robert looks for great companies, one of a kind companies that have found a way to build a lasting competitive advantage in industries that have opportunities for significant growth.
When he gets an idea for an investment he looks first for competitive advantage and secondly for performance. These for the most part correlate with the quality of the management team. If he likes the prospects for the company within their industry he looks for the expected overall performance of the industry and growth opportunities for the next 2-5 years which is his investing time frame.
He makes very few new investments, maybe 6-10 new positions over the course of 12 months. This allows him to do great research and get a fair price over a period of weeks to months. He spends a lot of time evaluating each position in his portfolio against a range of new ideas to decide which have the best potential for returns over the next 12-18 months to keep every dollar working possible.
Many of his stocks were reclassified into a newly formed "Communications" sector in September 2018 so his category benchmark does not have a very long track record. Nevertheless, if you like the prospects of the social media industry, Robert Frazier is a great choice.