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Typical...just when I am pleased with myself...



October 28, 2009 – Comments (3)

The market sure has a way of humbling a fellow.  I no sooner blog about being one of the little guys and how well I was doing as such, and the market decides to go on a bit of a corrective trend.  After a little forced rebalancing of my portfolio and a little de-leveraging to protect myself against what could turn even more ugly, I am now only up 13.5% on paper.  I have realized about a net of about 20% in gains over the year, so I am not overly disappointed.  BUT I do find it amusing how quickly the market can put you back in your place when you step up a little too much.

Here's hoping the downturn is short lived. :)

Fool on... 

3 Comments – Post Your Own

#1) On October 28, 2009 at 4:32 PM, davejh23 (< 20) wrote:

I sold my short ETF's yesterday after a decent gain...I was debating whether or not I should hold on for another day...I guess I should have.  Oh well...I'm always wrong...right now I'm all in cash, so you should probably do whatever the opposite of that is.

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#2) On October 28, 2009 at 4:41 PM, MikeBobulinski (< 20) wrote:

LOL...all in cash is pretty darn safe, unless your cash is in a bank that is not insured and about to fold.  Doing the opposite of that is not too wise at the moment given the correction the market seems to be undergoing. There are several posts implying that this correction will be tested tomorrow based on support at 1040 in the S&P.  Being that I am still mostly a novice, I am simply going to sit back and watch what happens.  I moved money around today, rebalanced my portfolio and dumped a cleaned up some of the dogs I have.

Will have to wait and see what tomorrow brings...perhaps a correction to the correction...:) 

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#3) On October 28, 2009 at 4:53 PM, truthisntstupid (91.09) wrote:

Going down, dividends on sale again?  Yay!

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