Kachina,
The massive number of stocks is husband's choice, not mine. The count is actually 54 as of today. If left up to me we would have sold out in late Feb or early March. I just had a gut feeling. I was pushing very hard for husband to take profits in early March, and again on 4/6 -- just fell on deaf ears. With everything in a retirement IRA, there is no capital gains so selling at a profit is painless. We are down about 10%.
Investment in HK stocks is a very minor part of the portfolio, but biggest %loss. The majority of the portfolio is JDSU, NOK, NT, SUNW, HWP, YHOO, EMC, CSCO, ORCL, SDLI. While we are down about 10%, that is not from our cost, just off highs. We also have private investment in 3 private companies that should all be IPOing by year's end. Even if they bomb on IPO, we are in at such a low price/share we will still make a good profit.
Oops, forgot, make that 4: we are also investor in new independent film company with 1st movie due to start shooting next month.
Since I look at ALL the stocks several times a day, it can get very scary -- especially watching JDSU and Yahoo! drop from such heights.
Thank you for your concern, it will comfort me if we have another 4/14!
Merry |
