Today, I have officially lost all my gains for the year and then some. The past month, I have been secretly wanting to sell my stocks, but greed got the best of me.
As robust as it is, the American economy seems unsustainable. Record deficits year over year, negative savings, unaffordable housing, as well as a slew of economic indicators pointing to a recession, all seem to tell me to get out of the market. Last year was an excellent year and perhaps I should bail while the bailing is good.
3 comments:
Buy High...Sell Low (but not frequently). That is (unfortunately) how I've fared with any self-directed trading.
That, and the farce of LBRT stock options, have turned me off controlling my investments. Now I just use Mutual Funds.
I manage to make between 9% and 15% each year, using $40,000 to do transactions on E*Trade with "losable" money that Vicki and I have. Maybe I should write a blog entry about my "method", although I'd hate for anyone to follow my example and then lose money they actually were counting on having. Hmmm...
Interesting entry, Ron!
I've gotten that same impression as well - that it may not be the best time to be investing. There is two parts to that though:
1) The economy seems to have several troubling signs, which you described.
2) Since the collapse hasn't happened, there seems to be room to make money.
Part (2) is great, if you have actually disposable money. However part (1) says "save in safe areas". Personally, I have too much debt right now, so investing and saving aren't really much of anything in my financial picture.
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