Getting into the global financial crisis, my portfolio was in really bad shape. I had committed financial suicide with:
a. shopaholic tendencies
b. a substantial forex trading loss
c. terrible portfolio diversification
d. all of the above
Now, a little over a year after Lehman collapsed, I am asking myself whether I am better off today? Did I learn enough? Did I do enough?
Throughout the crisis, I invested another high four figure sum into my equities portfolio. After all this, I am better off percentage wise (+6.93% to be exact), but not in dollar terms. However, if I had just sat back and let the market take its course, my entire portfolio would be -70% today with no recovery in sight. That's a scary thought.
I've had some winners and some losers. But all in all, when I had averaged into a position, I ended up better off the majority of the time with the exception of C. I've got to turn this one around.
When I think about it, I still might have got it all wrong. I mean, I spent more on my Big Holiday than I did investing in my portfolio.
The bigger question, I suppose, is will my JBQ strategy work? And that takes time to ascertain.
I wish Rusty would say something - anything...
In the meantime, I keep telling myself that the darkest hour is right before dawn.
No comments:
Post a Comment