Hi Paul.
Unfortunately, I've also had plenty of losers too. You want one of my losers? How about HCOM, which I purchased for $6.00, doubled up at $2.00, and sold for $0.02 ... is that bad enough for you? <gggg> Luckily, it was not a very large position.
I don't have many individual stock losers now, though. As a matter of fact, I don't have many individual stocks, period. I lightened up on my winners in late 1999 and early 2000 (e.g. CYMI, CL, MCD, SBC ... even sold some funds like MNGCX, PBTCX and PRSCX). Also, I sold nearly all of my loser stocks (and there were a lot of them) and lightened up on my loser funds back in December of 2000 to off-set my earlier capital gains, as well as a one-time gain from a business venture.
I haven't done any trading whatsoever for the past year or more. I'm very heavy in GNMA funds (primarily VFIIX, to a smaller degree BGNMX), with some bond funds (SWLBX). And then there are the bonds/bills in my Treasury Direct account. I kept my core holdings in S&P500, POMIX, BARAX, VEURX, etc.
I really don't have any specific stock suggestions, although I've been watching a few that I sold and I'd like to get back into some time (e.g. CL, SBC .. even MCD, because it's an old favorite of mine).
I realized that I had my priorities wrong. I was putting way too much focus on the market, SI, etc. It's like investing and worrying about money was my "god." I really didn't realize how much time I was spending on it. I'm just recently getting back into SI a little bit, but nothing like I used to.
I hope you're doing well. I'm sure you are, with your steady approach to investing.
Best wishes,
I2 |
