|
|
|
Re: O.K. Fess up. Are you buying, selling, changing your portfolio. Are you losing Sleep at Night?
worldexplorer
09-26-2008, 7:08 PM | Post #2567269
| 1 |
  |
|
I'm buying. I'm a risk-taker making up for lost time and so far it's served me well. My portfolio was previously a mix of emerging markets, international and leveraged stock funds that made good gains, 30% for 2007. I've been able to hold an overall gain, down for this year, but less than most. I contribute the max to my 403B and have been directing my contributions to Cash Reserves since June. Recently bought FDISX at its low and have a good gain so far. Waiting until the bailout is finalized to slowly build my position there. Also started building a position in FCYIX on the premise that Obama will win and follow through with infrastructure development. This sector was previously overbought, which is why I wasn't in it, but now appears to be oversold. GE, Caterpillar, Cummis & Deere are way off their highs and undoubtly will recover. FCYIX has a good mix of industrials, with transportation, including UPS and rails. Also just started building a position in FCNTX, but am in no hurry because I'm convinced it will flounder with our economy. Look forward to adding to my position in FLVCX at a good discount, knowing when the rebound comes, the profits will be sweet. Also planning to add to FDFAX, which I started buying in January and has held up well. It will be a good cover for the next year as the downturn continues and should be among the first to benefit on the rebound. I only buy on big dip days, 300+. At 3:30 I get quotes for the funds' top 10 holdings on yahoo and if they're down by 4% on average, I place a buy order to be sure to get that day's low price on the fund. Over the next year I'm hoping to better diversify my portfolio by adding in sectors that were previously overbought and by the time things turn around I should be all set.
Topics
buying
View Complete Thread
|
|
|
