Fred,
<<Gorilla stocks, just like most other forms of investment, may appreciate or depreciate over certain periods of time.>>
Works for me; I say include it It's a self-evident, but valuable inclusion in the FAQ.
As a relatively new investor, this is the first market downturn I've so fully experienced. Prior to '98 I was in mutual funds, and '98's downturn seemed less frightening, perhaps because I had far less money in the market, and fewer stocks.
These past few weeks have been frightening. Gratefully, I did some few things right. First, in January I sold a very shiny pebble for a six-figure profit, by far the largest amount I've taken off the table in my short investing life. Second, I drastically reduced my margin exposure, and today my core holdings though battered, are in no danger of a margin call. And third, I've undertaken the reading and research necessary to more adequately select and monitor my holdings. And this is perhaps the most valuable lesson I've learned.
In retrospect, I should have sold three non-gorilla stocks on which I had tremendous gains. I didn't, waiting longer term for tax purposes. I now consider this a mistake, a mistake I'll learn from and hopefully not repeat going forward.
Regrets. Yes I have some, but on balance my portfolio is fine. Made some mistakes, but I made several good decisions. I'm holding onto my QCOM, JDSU, GMST, SUNW, NTAP, and a few shinny pebbles, including BRCM and ELON.
Stunned, stupefied, yet still standing. And on balance, grateful.
Best wishes to all next week!
Janet
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