Weekly Checkup 6 for Portfolio

Current Portfolio

Stock: USD68,979
Cash: USD27,073

Two of the counters dropped in value, but the system I'm using does not allow me to do anything yet - I'm supposed to buy now (buy shades when it's raining), but the amount is too insignificant for me to take action. Too bad for the brokers.

This is one reason why one must develop a system, and follow it. This takes the emotion out of investing. The market and the stock does not care whether you love it, or whether you hate it, whether you want it to rise or (rarely) to fall. It functions regardless of your emotions. So don't fall into that trap. I fell into it before, and vowed never to let it happen again.

Comments

Post a Comment

Popular posts from this blog

Why I Prefer Investment MLMs Part I

It was a very enlightening conversation I had with Alex, one of my mentors in investmenting. What he shared is precisely my experience with many MLMers who burnt out, which is why I prefer to invest in investment MLMs rather than product MLMs . WHY I GET SUSPICIOUS WHEN MLM'ERS WON'T GIVE ME STRAIGHT ANSWERS I find it very interesting that practically most MLM'ers will not give me a straight answer to the question: "How long have you been at your MLM business and how much are you making now?" Usually they will divert to talk about how much their upline is making. I am not interested in how much your upline is making. I am more interested in what you have made after all the years you are in if you say the business you represent is really that good and lucrative. If a business proposition or investment is that good, I will be prepared to divulge the exact details as to how it is that good and will even open my accounts to show "where is the money"! Also, w...
Read more