How Diversifying Wins Big in a Down Market
Ok.. I suffered over a $2,000 deficit when some of my Tech Stocks plummeted or flat-out imploded on me. Got rid of every single Tech Stock, Retail Stock, Financial Stock, and the SPF stock in April......Got rid of Java this morning.
Now I have a total of 5 main stocks and 1 speculative stock. Check it out:
5 Main Diversified Stocks:
SID - .03 - .07% (STEEL)
AMAT + .19 + .97% (SEMICONDUCTOR)
FEED + 3.34 + 21.33% (PORK: FOOD)
TRA + 1.37 + 3.54% (FERTILIZER)
GENC + 2.27 + 8.20% (MANUFACTURING)
1 Speculative Penny Stock:
CAGC + .465 + 17.35%
PROFIT: + $988
This was after earning + $1.10 and + $333 (Wednesday/Thursday)
At the end of the day I am still not out of the hole but I am sitting pretty just down $1,000.
Not bad. Not bad. All in thanks entirely to the month of MAY!
P.S. FORD stock dropped like a rock! Hurray! Keep it coming FORD! I want you to drop around $7.50.