Ouch, painful week for my portfolio

[Argo]

In the last 3 business days my portfolio dropped almost 25%. I was fairly well diversified, but majority of my losses were caused by oil and financial stocks, as well as a far east mutual fund.

I've been an active investor for the past 6 years and this is the worst span of 3 days I've ever seen. This includes a post 9/11 sell off as well.

 

[TuxDave]

I understand your pain but I tend to ignore drops like this with anticipation that over the next 2-3 years I would've forgot it ever happened.

 

[Canai]

I'm down 15% since last week

 

[Jadow]

about 5% for me. Now I don't feel as bad!

 

[KB]

I am in for the long haul. You have to just stop checking it.

 

[DaveSimmons]

Sounds like you needed more S&P 500 index fund shares in your portfolio. It's only down about 4% from the 2007 peak, and is still up a little from last year.

 

[JS80]

Yall need to learn how to hedge. I'm up these past couple weeks, sold some covered calls and bought some puts.

 

[JS80]

Originally posted by: DaveSimmons
Sounds like you needed more S&P 500 index fund shares in your portfolio. It's only down about 4% from the 2007 peak, and is still up a little from last year.

Sorry, SPY is down 9% from the peak.

 

[DaveSimmons]

Originally posted by: JS80

Originally posted by: DaveSimmons
Sounds like you needed more S&P 500 index fund shares in your portfolio. It's only down about 4% from the 2007 peak, and is still up a little from last year.

Sorry, SPY is down 9% from the peak.

Ah, I don't track it daily I just had a number for May.

It's still up from December 2006 though. And about the same as it was in August when I last added shares.

 

[Slew Foot]

Who cares, I'm retiring in 30 something years.

 

[Jadow]

so you only invest for retirement?

 

[compman25]

Ask PAB for investing tips. I bet he's up 10000000%

 

[imported_Lothar]

Originally posted by: Argo
In the last 3 business days my portfolio dropped almost 25%. I was fairly well diversified, but majority of my losses were caused by oil and financial stocks, as well as a far east mutual fund.

I've been an active investor for the past 6 years and this is the worst span of 3 days I've ever seen. This includes a post 9/11 sell off as well.

If your portfolio dropped 25% in the last 3 business days, then you're not well diversified.

 

[Slew Foot]

Originally posted by: Jadow
so you only invest for retirement?

Ive got enough money as it is, so yeah, yes I do.

 

[Argo]

Originally posted by: Lothar

Originally posted by: Argo
In the last 3 business days my portfolio dropped almost 25%. I was fairly well diversified, but majority of my losses were caused by oil and financial stocks, as well as a far east mutual fund.

I've been an active investor for the past 6 years and this is the worst span of 3 days I've ever seen. This includes a post 9/11 sell off as well.

If your portfolio dropped 25% in the last 3 business days, then you're not well diversified.

I don't agree with that at all. Define well diversified?

 

[kranky]

Originally posted by: Lothar

Originally posted by: Argo
In the last 3 business days my portfolio dropped almost 25%. I was fairly well diversified, but majority of my losses were caused by oil and financial stocks, as well as a far east mutual fund.

I've been an active investor for the past 6 years and this is the worst span of 3 days I've ever seen. This includes a post 9/11 sell off as well.

If your portfolio dropped 25% in the last 3 business days, then you're not well diversified.

Yeah, that was my thought as well. I'm only down 5% for the last month, and still up almost 5% for the year.

 

[imported_Lothar]

Originally posted by: Argo

Originally posted by: Lothar

Originally posted by: Argo
In the last 3 business days my portfolio dropped almost 25%. I was fairly well diversified, but majority of my losses were caused by oil and financial stocks, as well as a far east mutual fund.

I've been an active investor for the past 6 years and this is the worst span of 3 days I've ever seen. This includes a post 9/11 sell off as well.

If your portfolio dropped 25% in the last 3 business days, then you're not well diversified.

I don't agree with that at all. Define well diversified?

Post your portfolio.
(No need to give us exact dollar amounts...%'s of your entire holdings are fine)

 

[imported_Imp]

Hurray for my GICs. They went nowhere, but if I renew/buy new ones now, I'll get an extra 0.1%...

 

[LuckyTaxi]

damnit, i need to shift more things overseas. germany here i come

 

[Argo]

1 part AMTD
1 part NE
1 part ETFC
1 part GRP
1 part NFLX
1 part BLUD
2 parts foreign mutual fund (far east)

 

[JS80]

Originally posted by: Argo
1 part AMTD
1 part NE
1 part ETFC
1 part GRP
1 part NFLX
1 part BLUD
2 parts foreign mutual fund (far east)

In the classical sense you are diversified but you have a bunch of random stocks. But the culprits are your chinese MFs, ETFC and GRP.

 

[Argo]

NE dropped pretty bad over last 2 days. Chinese MF is doing pretty well, actually. I'm still in decent shape for the year but in 3 days portfolio dropped most of its gains for the year.

 

[Yossarian]

Originally posted by: Argo
1 part AMTD
1 part NE
1 part ETFC
1 part GRP
1 part NFLX
1 part BLUD
2 parts foreign mutual fund (far east)

6 individual stocks and a mutual fund is far from diversified.

 

[Argo]

Originally posted by: Yossarian

Originally posted by: Argo
1 part AMTD
1 part NE
1 part ETFC
1 part GRP
1 part NFLX
1 part BLUD
2 parts foreign mutual fund (far east)

6 individual stocks and a mutual fund is far from diversified.

I think 6 stocks is about as many as a part-time investor can maintain. Any more and you probably aren't doing as much research and just picking random stocks. A lot of experienced investors recommend not over-diversifying for that very same reason (Peter Lynch is one of them)

 

[Lithium381]

in the past week i'm down 10%.....i'm actually at a net loss, since i only recently bought into mutual funds....it's mostly for retirement so hopefully it's just a temporary lull and i can pull out of it....i've got more than 30 years till i retire