Q: from p hodson moments ago.......
"Unfortunately we think too many investors are playing individual stocks and not following a portfolio approach"
bingo!
if you have a balanced portfolio, you hold 25 individual stocks averaging 2 - 5% each
on a 500k portfolio, if you had 5% in CXR and bought at the peak ($117) and sold today at $12.17 you would have lost $22,500 (ish)
on an absolute basis $22,500 hurts, yet a portfolio loss of 4.5% is nothing
even with this loss, chances are some of the other 24 issues were up and you clipped a few divvies and likely your portfolio is flat to + 3 - 4% ytd
yet people are greedy and contrary to accepted wisdom want to
over buy the most risky of assets
and then 'double down' to 'get back my money'.....
5I is not a baby sitting service; sometimes you must put on your big boy panties and learn to read a chart or at a minimum institute a system which will allow you to cut your losses
history repeats again and again and yet again
don't look now but the north American equity markets are at all time highs and sitting on deflating earnings and increasingly lower breadth......
maybe 4.5% was a gift; a wake up call as it were
cheers
"Unfortunately we think too many investors are playing individual stocks and not following a portfolio approach"
bingo!
if you have a balanced portfolio, you hold 25 individual stocks averaging 2 - 5% each
on a 500k portfolio, if you had 5% in CXR and bought at the peak ($117) and sold today at $12.17 you would have lost $22,500 (ish)
on an absolute basis $22,500 hurts, yet a portfolio loss of 4.5% is nothing
even with this loss, chances are some of the other 24 issues were up and you clipped a few divvies and likely your portfolio is flat to + 3 - 4% ytd
yet people are greedy and contrary to accepted wisdom want to
over buy the most risky of assets
and then 'double down' to 'get back my money'.....
5I is not a baby sitting service; sometimes you must put on your big boy panties and learn to read a chart or at a minimum institute a system which will allow you to cut your losses
history repeats again and again and yet again
don't look now but the north American equity markets are at all time highs and sitting on deflating earnings and increasingly lower breadth......
maybe 4.5% was a gift; a wake up call as it were
cheers
