Quote:
Originally Posted by GregWeld
I've also taught myself to look at my finances as a WHOLE. I might be down in one or two or three investments - but if as a total I'm up - and I know for a fact that I'll never have every single investment in the green - I'm okay with it.
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I just sat down and did my updates to see how I'm doing. I'm ok with the numbers I'm seeing overall. My oil stocks are in the toilet and MCD wasn't looking so hot. I was expecting my returns to be lower than they are. We'll see what I do since it's quickly becoming time to max my Roth out again, but it was nice reality check to see that even with some big numbers in the red, I'm doing alright overall.
What's funny to me is my boring, old stocks like KMB, CLX, and JNJ are killing it. Guess I got lucky on when I got into them because I'm seeing mainly CG gains from them.
Oh, something else that was nice to see. My one oil stock was/is a gamble. I wanted it for the low entry price and good dividend. It's 67% down. I intend to hold on for the ride because all indications are it will recover eventually. Time will tell of course. However, even if I lose it all, my overall returns will be fine. Before, my attitude was meh I might lose it. Now, I'm Meh whatever knowing that I'm fine even without it. Only gamble with what you can afford to completely lose.