Was down a couple grand on FXC, FXE, FXA....About even now. Predictions not withstanding..I think U.S. spending and borrowing will push the dollar down in 2008. I am already in for 63K..I'm thinking of adding. Probably won't though.
Originally Posted By: Al
Was down a couple grand on FXC, FXE, FXA....About even now. Predictions not withstanding..I think U.S. spending and borrowing will push the dollar down in 2008. I am already in for 63K..I'm thinking of adding. Probably won't though.
AUS $ set for a rally yesterday - but Bhutto's death may rally the US$ - maybe a good time to buy more....
Just under 1%, in the red. Amazing... at on point I was up over 12%. OTOH: I've got nearly 1% in monthly dividends. If nothing else changes, I'll be even at the end of the month.
Up 17.5% in my IRA, where most of my stocks are, and down about 6% in my other, more speculative account... where I only keep maybe 1/4 of my stocks.
Mutual funds dont count... they all did quite well for me, somewhere around 17% because of good performance in my internationals, my china-specific fund, etc.
Originally Posted By: Gary Allan
Stay 80% liquid and target slam dunks when they emerge from time to time.
In the long run, that's a sure fire recipe for losing. Unless you are a stock picking bad [censored] like Pablo and Lone Ranger, ie a regular dude like me who's in mutual funds, set and forget with quality funds. If you miss the one or two up 3% days a year, you'll fall short. Even better is dollar cost averaging over the long run (say 20 or 30 years).
I ended up around 23% for 07 thanks to Fidelity Energy Services. Already up around 1.5% for 08 since oil prices are skyrocketing.
-14.8% on the year. Overweighted on Thornburg Mortgage, and US Shipping Partners. Everything was good, but those 2 were down big time (-63% on TMA) so I don't feel too bad. I should be buying more TMA, but am saving cash right now, though I'm tempted.
MIKE - Ouch - It was only luck that kept me out of TMA for the big dive, and I made money on the attempted restarts. I never jumped on US Shipping Partners. Tricky business, but they look to be solid company. Making money on CVP now.
tpitch - I pulled the trigger on a few hundred shares of SBUX yesterday. Small potatoes, but I figure it's a good business model looking for some refreshing. We'll see where the bottom is now
Drew99GT - I agree, if you are in for the long run, sitting on cash is not appropriate. It's just too easy to at least "sector and vector" with mutual funds and ETF's. I however am starting to take a dim view of just parking the age/risk appropriate % of your long term funds in an "all market" fund and not watching it....criminy the S&P 500 was up only less than 4%....that would have been a dud. NASDAQ was up around 9% as I recall(?), so that may have been better.......anyways....those "slam dunks" are rarely that and rare at that.