... but ended up with a very bad report card after the FOMC Statement, which just reinforces my raving-lunatic type hatred for Bernanke:
-3.01% on the SBA
-1.5% on the Roth IRA
Nothing much happening in Extended Hours Trading in the financial sector yet, but as 10-Year Treasury Yields rose sharply today, I'm thinking if I just stick with the strategy I embarked on earlier in the year (i.e. sticking my head in the sand), I'll end up like the GOLs - quite OK.
My newest addition, HERO, didn't do much today, but Harry continued to move south along with Prince Charming.
I've been pondering the topic of asset allocation as well and since it's technically impossible for me to follow the 3-5% money management rule, I'm making up my own rule. I will pay attention to top-line growth with my positions from now on. Once a position gets to more than 38.2% (Fib level) of my account, I'm going to have to start mentally putting up red flags and taking action.
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