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About the Editor:
Neil Macneale III was born in Ohio in 1945, attended Phillips Academy in Andover, MA, and graduated from Stanford in 1969. Married while in college, he and his wife, Ellen, served as VISTA volunteers in rural Maryland for 2 1/2 years, and then returned to California. Neil obtained his General Contractors License and went into the remodeling business. In 1974, he joined a large commercial builder as a project manager and field superintendent, managing multi-million dollar office building construction projects. In 1987, Neil Macneale Inc. was incorporated and Neil developed a successful home inspection business in the San Francisco Bay Area. Mr. Macneale now is retired and he and his wife buy and renovate old homes "just for fun".
Stock market investing has been a passion of Mr. Macneale for over 25 years. However, during the busy years of starting a family and a business at the same time, the family's retirement account was put in the hands of a very capable money manager who is a "value" investor of the Buffet and Graham school. The account did well, and for the 80s and 90s so far, has kept just about even with the market. In early 1996, Mr. Macneale acted on a desire to get back into the active management of his IRA account. Studying a theory of stock picking involving companies that had announced 2 for 1 splits, a procedure was developed for picking and managing stocks that showed great promise. Numerous test portfolios were tried and, at the end of July 1996, $50,000 was invested in a real IRA account that reflected the best of the test portfolios. Each month, a statement of that account is published on the last page of our 2 for 1 newsletter. Publishing and distributing this newsletter is simply a natural extension of the excitement and pride derived from the development of an investment procedure that could help many toward their goal of financial independence.
Mr. Macneale has qualified as a Registered Investment Advisor in the State of California.
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