http://www.wsj.com/articles/global-s...ata-1441094358
Here comes another drop by the looks - glad I'm all cashed up since last Monday.
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http://www.wsj.com/articles/global-s...ata-1441094358
Here comes another drop by the looks - glad I'm all cashed up since last Monday.
Yep, DOW futures well down … again. Also glad to be out of large/mid caps.
glad to have some cash on the sidelines last sell-off made a nice 35% profit on the bounce of ELM.asx ....rest of the portfolio focused round Gold mostly producers selling in AUD....fat margins currently .... not stressed at all
Saw NCM took another SP hit today, doesn't seem to be getting the same traction as some of the other goldies JB. Any reason for that you know of? Need to update my research.
With respect, you're not an 'average' investor Couta, as you bravely put, and I suggest 'most' in your situation would not agree to having low stress, but perhaps have made friends with Triazolam or some such alternative to assist a good night sleep. Jmo, good luck with your optimism.
Its like the ''faulty Towers'' of the economic world---They write tv scrips on how characters let a small thing amplify into a big ,in these cases hilarious plots--only this is real life ,and of course not hilarious--but as you say ,Coutts case could prevent this sort of thing from happening to others a hundred fold--but it is all to common(Ive done it myself on a much smaller scale(but learned my lesson)--I remember clearly Moosies ''long walk'' where he finally accepted his loss with DIL and got on with life.
IMO paper losses doers not make them fictional--We are all at a point in time with everything--where we go from that point is up to us.
It would be nice if ''time healed all wounds '' but it is not always the case
It has been somewhat of an illusion these past years-with all that easy money floating around from the US--and China leading the way with its insatiable appetite for any fodder required for its growth.
But both are changing now and its looking like a different game altogether out there--hopefully in the end it will at least be real.
Don't forget I took a 100k loss in CNU while others held, I sold at $2.10 and then it went down to $1.30 ish, now what lesson did I learn there, simply if I had just held my shares for another 18months my 100k loss would have been a 30k profit as I could have sold when it got back to $3.16 ish. So while many may not agree with my approach there are many others that do, lets see how many of my stocks are still running paper losses in a few years time? that will be the proof of the pudding IMO.