I'm going to take GemmaStar's tack and just hold this. My MIND was whacked --I'm down almost 15% from my purchase.
As you can see from the above graph, the ride has been bumpy!
Tuesday, September 11, 2007
E-Trade Update
I've finally surpassed the $16K mark. Just a few weeks ago, it went down to about $13.8K. I was steadfast (though my sell finger was twitchy!). My $5K account about 18 mos ago. I call this my "speculative" account. With gold's surge, my two gold holdings have done well. SEED, on the other hand, has been whacked. I have it in my retirement account at a higher basis than you see in this account.
I'm going to take GemmaStar's tack and just hold this. My MIND was whacked --I'm down almost 15% from my purchase.
As you can see from the above graph, the ride has been bumpy!
I'm going to take GemmaStar's tack and just hold this. My MIND was whacked --I'm down almost 15% from my purchase.
As you can see from the above graph, the ride has been bumpy!
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4 comments:
Leisa,
Great 2-3 days for the gold bugs, Have any faith in this rally? I also hold wgdff & slw as a hedge against the lowering dollar. Do you have a goal for this issue (wgdff)or are you playing by ear? Just would like to have someone else to espouse on the subject if willing.
Vavoline6
I'm a buy (low, hopefully) and hold investor. The trick is to hold 'em when the stocks represent good compapanies going through a rough patch. If so, an excellent company could be on sale and worth adding to one's position.
So the question is: Are your companies GOOD companies?
On the other hand, moving the needle on an account from $5K to $16K in roughly 18 months is SENSATIONAL.
Wow.
Valvoline6: Faith in this rally? I still think that there is too much silence regarding exposures. The market is setting itself up for possible disappointment. Look at the dollar index. . . the lowest in 10 years. A rate cut too steep will derail the dollar and a rate cut too light will derail the market. It is like King Solomon and having to cleave a baby in two.
Gemmastar: My e-trade is strictly a trading portfolio. I trade on technicals first; fundamentals second. Whether the companies are good or not is irrelevant tp the purpose of this portfolio. EGO was opportunistic based on a dive in the price due to "local" mining issue in Turkey. It may still reverse. Both of these are asset allocation to PM, specifically gold, more than anything else. Rising tide floats all boats. I never buy bulletin board stocks.
I'm too jaded to be buy and hold.A company today is not a company five years ago nor five years hence; accordingly, good becomes relative. ONe always has to slap it against something. One can have a good company that goes nowhere years--several big-cap tech fit that bill. Yes these slumbering giants are alive and well, but could one's money be better deployed elsewhere for the last few years?
For my style, buy and hold does not work. But the key is to find one's style. . . and there is more than one successful investment style, and buy and hold is a very successful strategy for many. I currently have the time to use my opportunistic "trading" strategy as I wait for more cards to be shown. I've been very active--exhaustively so. Good results-recently. Though I must admit my learning curve tuition was anything but cheap. I'm still learning, but I think that the curve has flattened. It is time intensive. But that is currently my "job". So I try to make sure I can make my hourly bill rate by trading!
I just wanna Puk!!
Obvious Fed support.
Still noodling my celebratory dance, when the whole mess buckles. Soon.
Closed UNG. 50% long foreign currencies; XFE,XFX,XFY,XFC,FXA.
Bailed on all the miners but AUY, since they will be crushed with the broader avgs.
Still hold only CEF as the safe haven. How much more removed from the US economy can you get?
D
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