Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » General Investing Topics » Back on track day!

 - UBBFriend: Email this page to someone!    
Author Topic: Back on track day!
Jo4321
Member


Icon 1 posted      Profile for Jo4321     Send New Private Message       Edit/Delete Post   Reply With Quote 
Friday marked "Back on Track" day for me!

On May 30th of this year, my portfolio was the highest it ever had been. I foolishly did not take heed to warnings to "Sell in May and Go away", and by July 30th, I had lost (on paper)over 13% of my portfolio. (this was my entire portfolio including stocks and mutual funds)Ouch, that hurt.

Since July, though, have been slowly working my way back up. Because I am now a bit gunshy, many times, I often take profits "too soon", and often my stop losses are set too tight, but little by little over the past few months I've taken profits and reinvested. On Friday, I am happy to note, that I my portfolio is now a few hundred higher than it was on May 30th. I am now BACK ON TRACK!!

My motto is going to be this quote from J.P. Morgan

"I made all my money by selling too soon."
J. P. Morgan

Jo

--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
T e x
Member


Icon 1 posted      Profile for T e x     Send New Private Message       Edit/Delete Post   Reply With Quote 
noice!

--------------------
Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Jo4321
Member


Icon 1 posted      Profile for Jo4321     Send New Private Message       Edit/Delete Post   Reply With Quote 
Well, so much for that....

[Frown]

It was a nice two weeks, anyhow.

quote:
October 19, 2007 1:54 P.M.ET
BULLETIN

On 20th anniversary of Black Monday — a bleak Friday
Blue chips retreat 200 points



--------------------
"Great Day for Up!"....Dr. Seuss

Posts: 3387 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Machiavelli
Member


Rate Member
Icon 1 posted      Profile for Machiavelli     Send New Private Message       Edit/Delete Post   Reply With Quote 
they will bounce back... people overreacted a little lol the smart ones will look to buy bargains... the question is when...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

Posts: 4669 | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share