Well, as you know I am out - not entirely, I have about $20K in one mutual fund (Fidelity Health), but the rest in money market since January, when Brazil started stinking up the market. I have watched in envy as stocks I held went up, I have watched in silence as they slid back down, up, down, up, down, and so forth. I sold my AT&T at about 86, it's been higher, today it's lower. I sold my CSCO at 87, it kept going, and has never come back close. Similar with LU, ATHM, and the others. The P/E is insane, and I don't know what else to do but walk away from them when they get like that.
The only thing I regret is getting scared in August, but I was brand new to the market, and it was a very scary time. In the middle of August, I mailed a check for my SEP money to A.G. Edwards and told them to put it into SPY. They didn't, they put it into money market, and when I got the statement, I was relieved because the market had tanked, and I thought it would tank worse. I have just left it in the money market. If I had called them up and bitched, or even just put it in when I found out about it, I would have doubled my money. Anyway, I am waiting for the market to go back down again to buy. It's not burning a hole in my pocket. |
