Quote:
Originally Posted by toy71camaro
LOL. What the hell was i looking at then...
I must of been comparing something else.. I dont have my notes in front of me at the moment.
Perhaps I mixed up ED in my head with a different one i was looking at. Since I've looked at so many lately. 
And true, I am not looking to you for the solution (ie. WHAT stock to buy). with the last question i was merely trying to figure out if i needed more diversification to better "prepare" my investments for the "future".
And no worries, nothin personal at all. we are all learning here. I never mind being an example of either something good or bad. 
I did feel that i was a little to "consumer purchase" heavy (MCD, PEP, etc), which is why i brought it up in the first place. heheh 
Thanks again for your help.   |
Trust me --- I have the same issue and have to look and triple check myself all the time... This is just a great example to have used.
Yes you're a bit lopsided on consumer stocks -- but that can be okay IF we're truly in a turnaround in the economy. However... I wouldn't continue to add to your lopsidedness! Thus the diversify "push".
All of you - trust me when I tell you that you'll be happy to be diversified! You feel like a real sap when all your "tech" (substitute ANY sector here) is flying and you're looking at your "laggards" and questioning why you're in those POS names..... and then --- a year goes by and it's the sector that was flying that sucks and your laggards are saving your butt. The biggest problem is that we have real short term memory!
In 2011 - we had down 400 point days and up 500 point days.... On those big down days it was my BOND portfolio that was going UP. So I look at the money and think -- Okay -- I have "X" amount of dough - part of it was down X and part of it was UP X... so overall -- not too bad.
We go to some cocktail party -- and some guy starts yapping about how much he's made doing blah blah blah.... and you compare yourself to him and think "WTF! I'm only up 10% and this bozo is doubling his money". Ask yourself to make a note and check back on how well he's doing next year and the year after that. Usually they disappear into thin air and you never see him again. It's the classic tortoise and the hare.... Ya just want to win in the end - not just for tomorrow. Diversify. Invest, don't trade yourself to death trying to chase the next hot deal.
