Invictus!
Refer to post below.
Did dollar cost averaging work? HELL YEAH.
Were my paper losses great? HELL YEAH!
Will this translate into actual tanglble losses? Most probably F*** YES.
With rising crude prices (if you look at previous posts, were the reason for me being optimistic), plus the start of the true backlash of the sub-prime crisis in the US, coupled with steep losses in large US MNCs for the third quarter, combined with the resignation of 2 big-wig CEOs, plus the fact that banks the world over are facing billions of dollars in write-offs, together with a depreciating US dollar and concerns of further tightening of the Chinese economy, are among many of other concerns that have caused world stock prices to tumble down like humpty dumpty atop Mt Everest.
Good time to buy? That's what I thought. I bought, and yes, dollar cost averaging did help my portfolio losses to drop from nearly 10%, to a less heart-attack inducing of 7%.
To think that 12 days ago, my portfolio had a 2% gain, and now its a 7% loss.
Could be worse, I guess, it could be 10%-15%.
Aiyoh. And now, I'm down to the last 25% of my investable money that is still in cash form. I need ta save my ammo and select the correct time to put my last vestige of cash at the right time, in the right fund.
Wish me luck.
Did dollar cost averaging work? HELL YEAH.
Were my paper losses great? HELL YEAH!
Will this translate into actual tanglble losses? Most probably F*** YES.
With rising crude prices (if you look at previous posts, were the reason for me being optimistic), plus the start of the true backlash of the sub-prime crisis in the US, coupled with steep losses in large US MNCs for the third quarter, combined with the resignation of 2 big-wig CEOs, plus the fact that banks the world over are facing billions of dollars in write-offs, together with a depreciating US dollar and concerns of further tightening of the Chinese economy, are among many of other concerns that have caused world stock prices to tumble down like humpty dumpty atop Mt Everest.
Good time to buy? That's what I thought. I bought, and yes, dollar cost averaging did help my portfolio losses to drop from nearly 10%, to a less heart-attack inducing of 7%.
To think that 12 days ago, my portfolio had a 2% gain, and now its a 7% loss.
Could be worse, I guess, it could be 10%-15%.
Aiyoh. And now, I'm down to the last 25% of my investable money that is still in cash form. I need ta save my ammo and select the correct time to put my last vestige of cash at the right time, in the right fund.
Wish me luck.
posted by adayinthelifeof at 11:12 PM
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