finance

Selling Out; Stocks Up Over 10 Percent

Filed in archive Investing on April 23, 2007

Selling Out; Stocks Up Over 10 Percent
I have a history of not doing so well as an individual stock investor. Like many, I tend to let emotions overcome me. This year I took much of the money in my trading account and handed it over to the professionals via a mutual fund. However, I did keep a more modest sum in the account and determined that I was going to find and stick with a system to see if I could find a winning formula. My main goal was to take the emotion out of it.

So far I have. And while I won't go into the specifics of my secret formula that has netted me a 10% gain already this year, I'll tell you that's it a not-very-exciting take on the "buy low, sell high" advice that any old financial guru has been telling anyone willing to listen for a hundred years.

For me, it meant that this year I was completely out of the market when the February mini-crash came and I bought during the crash. This week: selling out. I've made nice gains, the market's at all-time highs. I'm ready to wait for the next downswing. And what I'm finally realizing after years of being really bad at this is that there's always a downswing.



Permalink: Selling Out; Stocks Up Over 10 Percent

Tags: stocks  finance  over  2007  selling  stocks+over  over+percent  selling+stocks 

Vote for Selling Out; Stocks Up Over 10 Percent:

  • Currently 8.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 8.00 out of 2 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Most Popular   About This Site   Banking   Best of   Blogging Issues   Book Reviews   Buying Stuff   Careers and Money   Charity   Credit   Did you know   Economy   Education   Finance   Financial Advisors   Funny   General   Greatest Hits   Happiness   Health   Housing