Friday, September 19, 2008

blalalalalala

Hmm, i haven't posted in awhile.  But I haven't done anything since that while.  Yes, I missed the up and downs of the past week, in fact, i haven't even looked at my portfolio in almost a month!  I'm sort of glad I didn't, I would definitely be looking on the balding side (from pulling my hair out!).  So the question is, what to do, what to do!?  Will the market rebound?  Is this bottom?  Should I sell and take the losses while it's still up?!!

I personally am not doing anything.  I'm not going to try and play the volatility, especially in the finance market.  My reasoning?  If I looked at PGF earlier this week I might have actually considered selling and taking a huge 30% loss.  Which would have then have rebounded and I would realize that if I stayed in it I'd be almost at even....which would then result with me walking out in front of a fast moving bus.  lol.

The lesson learned here is to simply trust one's system, set proper tolerance levels and most importantly being consistent and sticking to it!  Comparing oneself to the S&P 500 or Russell indexes definitely helps in justifying your losses.  Heck if they're doing worst than my portfolio, i feel great!  Even if I'm in the red....