Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 31 08/19/11
$2,206.04 Stock$65.38 Cash
Total $2,271.42
Since Inception: -14.57%
My portfolio has dropped down to a balance of $1,700.92 excluding cash.
All I can say is the market is volatile. Roughly a month ago I was up over 7.0% and now I’m back in a black hole, down -14.57%. That’s a 21.0% hit. Most people would freak out, but I’ve been in this situation a few times in my investing career. One thing I have learned from my 8+ yrs of investing is to not panic. I have sold at the bottom numerous times and I end up regretting it. Stay the course. I have and I suggest you do the same. Apple and Weatherford will prevail! I may be down at the moment, but things could change rather quickly. I still have until December 31st to make a turnaround.
If we get another strong day tomorrow it will be one step closer to indicating the pain has come to an end. I’m optimistic.
Have a great night!
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Clay-
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