Karl Eggerss first became aware of the stock market when his father purchased a few shares of stock for him in the mid 1970s. The stock was in a growing company, Church’s Fried Chicken, and identical purchases were made for his brother and sister. As they grew older, they eventually sold the Church’s stock. His siblings decided to take the cash and spend it, but at the age of 14, Karl decided to take his proceeds and reinvest it. He had a passion for baseball cards at the time, and reinvested his money in Topps, a company that made and distributed the cards. Over the next few years, Karl doubled his money, and he was hooked.
Always fascinated with numbers, he earned his finance degree from Southwest Texas State University in 1995 with a specialization in Financial Planning. Upon graduation in 1995, he immediately went to work for Fidelity Investments in Dallas, Texas as a mutual fund trader. In just a few months, Karl’s job expanded to cover all 50 states and he was awarded duties of helping out the sales team at Fidelity. Karl enjoyed the work, but he had a passion to work for a growing company and more importantly, to meet with clients on an individual basis.
In 1996, his opportunity came, and he was offered a position as a financial advisor with Frishberg & Kaleta Capital Management in San Antonio, Texas. At the time, Frishberg & Kaleta Capital Management was managing approximately $20 million in assets. But there was a need for a more sophisticated system to manage the growing clients. Karl was placed in charge of establishing the company’s current financial management database. Karl has helped Frishberg & Kaleta Capital Management become one of the premier money management firms in the United States.
Karl’s position has evolved, and he is currently the Chief Trader for the company, in charge of trading millions of dollars every day. This position has landed him his own daily show on the Biz Radio Network. It airs Monday thru Friday from 8-9 a.m. CST in Houston, Dallas, San Antonio, Colorado Springs, & Denver. With the growing popularity of the program, Karl is often asked to make appearances to discuss the techniques that have made him successful.
Other major successes in Karl’s life include his family. He met his wife Amy in college and they were married in 1997. With their young son, Anson and daughter Avery, Karl and Amy Eggerss currently reside in Fair Oaks Ranch, Texas. The company and Karl’s career both continue to grow.
Sitting in front of multiple flat panel monitors everyday for several years now watching the market and trading millions of dollars every day gives him an insight most will never get to enjoy. Looking for correlations and patterns of stocks, bonds, and anything else relative to finance is what drives Karl everyday. Sharing his money making knowledge with the public has become equally important to him in recent years.
Karl,
I enjoyed your blog. I am a novice in my knowledge of finances, but your blog is easy to read and makes sense, even to someone like me who is not well versed in the investment world, but who is wanting to learn more about investments and make smart choices with my money and my future.
Thanks.
Thanks for the blog, Karl. Big fan. I’m a self-taught technician who appreciates the practical, real-world technical insight that you provide. Thx!
So far, the 2007-2008 bear marrket has tracked almost perfectly the 1973-74 bear market – see link below for chart.
http://image.minyanville.com/assets/FCK_Aug2007/File/71presenttrack.jpg
Randy, Great picture. I don’t disagree with that. We’re setting up for a rally but more than likely that will have to be shorted.
Karl,
I respect you the most from the radio show. I have learned a lot from you. Your opinion is the most practical and reasonable for the market.
Can I have your eamil address or phone number?
Karl,
heard you talking about shorting Treasuries the other day. How do you do that and why would it work. Thx
Karl,
It would be really nice if you could set aside one segment for technical indicators and your opinion of the technical picture, another segment for fundamentals, and one for listener’s Q&A.
Your show could really stand andother 30 minutes.
Dan
Karl, when I look at DIG, it shows there are 4 million shares outstanding. Today it traded over 30 million shares. How is this possible? Would this not mean that each share would trade over seven times each day?
That means that those 4 million shares traded hands several times in one day. All day trading basically.
Karl,
As a novice trader, I really enjoy reading your blog. What trading platform/broker do you use/recommend for stocks,options,Forex?
I heard you are holding on to GE on you biz show on Thursday 11/20/08. If Dow goes to 6500, I think GE will be about $9. Would you buy it at $9? I know it has heavy exposure to financial and alt enery (wind turbines). I already have some GE at $19.5.
I own ETN and NOK for exposure to China. Maybe China’s stimulus package will start working. They both pay > 4% dividends. NOK is my only tech stock. I also like DUK for wind energy projects that seem to work. They sold power to some WalMart store provided by wind energy. They also pay > 4% dividend stocks.
Karl-I really enjoy your show. Can you suggest current entry points and stop loss points for HYG, ADM and MOO.
Thanks,
Jay Rubin / Houston
Karl,
Great show – I adjust when I arrive to work so I can hear as much as I can.
Lately I’ve been traveling and have not heard you talk about HYG and other higher yielding bonds for sometime. Can I get an update on your thoughts on those?
Thanks.
Rob,
Sugar Land
Rob, thanks for the nice comment. I actually bought more HYG last week. We do have to be careful with this one but I continue to believe even if this just moves sideways, the yield is very attractive. But, make sure you have an exit strategy.
Karl,
Sometime ago, you responded to a caller on the air about trading off of a Parabolic SAR indicator. Can you refresh my memory on your opinion to using this indicator to enter and exit positions? From my experience, the Parabolic SAR seems to lag the best entry and exit points. Thank you in advance for your help.
Thanks,
Brad
Dallas, TX
Karl,
I hear you talk about “pairs trade”. Is it possible to trade this with the YM & ES in the futures market? If so, can you please share your thoughts? They seem to be positively correlated.
Thanks,
Daryl
Karl,
How do you see TBT right now? It is down over 10% (intraday) over the past two days. Is this a ‘buy the dip’ opportunity?
Dave
See my post on TBT
Hi Karl, I love your show. Am glad sunrise is a bit earlier so you are on longer…..Ha. I finally got my fin. plan. to pull all investments out of stock funds and into cash. I have left some money in the Bond funds as they have been up 12% since Jan. (My funds are with Ameriprise (AX)). I have other funds with TIAA-CREFF (stock and annuity) that are sitting in cash / being withdrawn from annuity 10% annually (8 years to go on the annuity). I need help investing my funds in hopes of not losing any more and the possibility of lessening my loss to date. I like what I hear on your show and most of the hosts’ philosophies. Does your group manage individual funds? Please help.
Thanks,
Confused and bewildered in Houston.
phillip
Karl,love your show,listen to it whenever I can,appreciate market insights,new listener,finally waking up and taking control of my own finances after taking beating(wish i had known about your show before) I am learning about charts, technical indicators, entry and exit points,what indicators should i be looking for with oil majors when you can only trade long?have made return of 10%since beginning of year could have been 50% if not for alwaya buying in too early and likewise selling too early,any comments appreciated,keep the blog coming. thanks.
FAZ is seeing high volume today. Is this a sign of something coming?
I don’t think so. The volume has been high for the last several days.
Really like your show – usually listen to podcasts so can’t call in. I keep hearing that the commercial real estate mortgage and credit card debt default shoes are still left to drop. Do you think the market has already priced this in, or that perhaps it is not going to be a big enough issue to have an effect on the economy/market? I don’t get to listen to all your shows so I apologize if you’ve addressed this recently.
Hi, Karl, I really like your show. I have a question about TBT trade you talked before. In the past week, it seems that treasuries went up along with the stocks. What’s the driver behind it? Is the TBT trade still on?
Thanks,
James
I’ve been discussing TBT but as I’ve said on my show several times, I do not have a position on this yet because the charts keep showing weakness. More money is coming into treasuries as the stock market begins to move sideways and investors are nervous. In addition, there’s no signs of inflation. Rather, it’s currently deflation. I’d wait on TBT but keep listening because I’ll discuss when I might enter it.
It has been interesting week, that Bond, Gold and Stock all went up, Dollar is down. Is something wrong here? If the dollar is in downward trend, should the treasuries yield go up and price go down? I am kind of lost in this mixed picture. Can you educate me a little bit?
That’s what makes investing so difficult. The fact that correlations don’t hold true 100% of the time. I still think the dollar will remain under pressure, interest rates will eventually go up in a few months for good, and stocks are still trending up for the next few months. Don’t focus in on just one week.
Hello Karl,
I really enjoying listening to you commentary about the market. I came across a very interesting article today regarding US credit and how its declining at an alarming rate. I and many that I know have witnessed this first hand. If you get a chance I would like to hear your opinion on the matter.
Thanks,
Andre B.
http://www.telegraph.co.uk/finance/financetopics/recession/6190818/US-credit-shrinks-at-Great-Depression-rate-prompting-fears-of-double-dip-recession.html
Andre. There’s no doubt that as many good short-term things that were seeing, there are just as many bad things. But, it’s about time frames. In the short-term, all the stimulus has provided an economy to come back from the brink and actually show some growth. The government has done a lot of things that are great in the short-term but will be trouble down the road. That’s why I expect a good market the remainder of the year but 2010 could be quite challenging. There’s a good possibility we get a double dip recession. Thanks for the link.
Howdy Karl,
It’s a good day when I get to listen to you at 8:00 am CDT on KVCE in Dallas, TX. Thank you for sharing your insights.
I was curious if you’ve ever documented the tools you like to use when analyzing the marketplace. Tools like charting software, real-time quoting service, brokerage you utilize, the computer platform you use, monitors in use, and how you use these tools.
I’m sure your listeners and readers would find this interesting.
This might be a good paragraph to add to your ‘About’ page.
Thanks Karl for taking a moment.
Steve Vigil
Colleyville, TX
Hey Steve. Unfortunately, it’s like chasing a moving target. With the market changing as rapidly as it does, there are new indicators I use every week, new tools, etc. I wish I had a secret formula I could share but I really don’t. I can tell you I do a lot of research using my Bloomberg machine but most people don’t have access to one of these due to costs.
Thanks for listening
Hi Karl,
I recently discovered your show and have been an avid listener for the last several weeks. I also believe that you are an advocate of OTA. I was wondering if you could maybe recommend a book or two to novice investors who would prefer reading rather than taking a week long course that costs $2k? Something that would cover the basics of stock market investing, principals of fundamentals and technical analysis, and some of the key indices. I believe that OTA emphasizes stops and preventing losses, especially as a novice. So a book that would cover the specifics of these strategies would be helpful.
I certainly appreciate your time.
I wish there was a book that really taught trading. But, I think there’s no substitute for actually doing it. That’s what OTA does is teach you how to do it and then let you do it with their money. There are several trading books out there but honestly I’ve never read any of them. I just taught myself by practicing.
Karl,
I didn’t get to ask you on the radio today if you knew of an etf that would aud / gbp.
Thanks, Mike in Mobile
I don’t believe there are any that go long one currency & short another.
Karl,
I wanted to thank you for taking the time to “invest” in my son (Drake Logan) after the “World Without Economic Borders” strategy session in Dallas on October 7th. You gave him some advice that really made sense for his age. He has been saving his money diligently for several years and wants to begin learning how to take the next steps. Hearing the story of how you started in the investment world as well as your presentation at the session should give him a great foundation on his own path as an investor.
Thank you,
Scott Logan
Thanks for the nice words Scott. It was a pleasure meeting you both and I hope he has success. Starting young is never a bad thing.
Karl,
what do you think about the technicals and fundamentals of ticker: SVM Silvercorp Metals Inc? pays a divy and low debt to cash.
The technicals are fine but I haven’t looked at the fundamentals to comment on them. Certainly, they are in a good sector right now.
Karl,
I have listened to biz for quite some time and believe like you and Dan that bonds will have to fall sometime. I hear Dan Friday and you today speak of solutions. Specifically, you suggested working a structured product with Society General.
I’m experienced in futures and options. Can you please give me the basic outline, structure, or product that you are using?
Thanks
Mike
We created a one offering meaning it’s the only bond in the world of its kind. It’s backed by Societe Generale, 4-year maturity and gives us 2X the opposite of U.S. treasury prices.
Karl,
What do you think about this pair trade: long AAPL and short DELL?
We’ve certainly seen a fall in Dell and breaking the uptrend but I’m bullish on them because of the changes they are making in their business. I’d rather see you maybe short a really bad tech company or technology retailer. Maybe too late for CONN but something like that.
Hi Karl,
Been following the blog and your radio show in the mornings here in Dallas now for some time.
I had a question about portfolio trackers and hope this is the proper forum to ask.
I use MSN Money and also Yahoo Finance to track my positions but i’m looking for a portfolio tracker that will give me my returns on a 1 Week, 1 Month, 3 Month, 6 Month, 1 Year and Total Return basis.
Can you recommend any website or software that I might be able to use?
Thank you.
-Julian
I think those two you mentioned may be the best Julian. I really don’t know of any others unless you use Quicken software which works ok for that.
Mike,
Thanks for the comments.
As far as your 401-K, the options aren’t that great. However, having a stable value fund and some equity funds is still enough. I can’t really give you personal advice on your portfolio as I have clients who pay for that information. I can tell you though the stock market is still very good and I’m still acquiring stocks/funds.