Licking my wounds...
As I stare at my computer screen, looking at a 21% overall loss in my portfolio since the early July, it's hard not to have one of those "what if" moments. Should have locked those gains. Oh well... Deep breaths...
Keep telling to myself - I've been through this before - winter of 2008 - spring of 2009 still feels like yesterday. Although it was the most profitable 2-year period for me personally, it shook my investing discipline to the core.
The funny thing is, I though that next time I would be "more prepared" and stronger mentally. In some sense, I suppose, I am more prepared - I have few large cap dividend paying holdings like MSFT and INTC that feared better than most. But mentally this last week (and counting) still took a toll...
I have my buy list ready and the way things are going will likely start my buying spree this week. I would love to get my hands on DEO and IBM, for instance, but these stocks seem to be more stubborn than others and don't go down as fast to valuations I would like them to be at (I guess, that's the whole point).
Here's my list. Feel free to give feedback. Buy when:
AAPL price hits $ 300
AZZ price hits $ 32.5 (already have a position at 37.5)
BP price hits $ 30 (same as above)
DEO price hits $ 70
IBM price hits $ 150
INTC price hits $ 15 (already have a position at 20)
NXG price hits $ 2.5
PAYX price hits $ 20
PWER price hits $ 5 (already have a position at 8.5)
SCCO price hits $ 20
STO price hits $ 15
SYY price hits $ 20.5
USB price hits $ 15 (already have a position at ~10)
WDC price hits $ 25
WM price hits $ 25