Sunday, November 28, 2010

Stocks....Winning, and Sleeping

On October 8, I wrote this. Bailed out completely. DJIA was at 11006.

Friday, DJIA closed at 11096. If I had stayed in stocks, I would have had a 90 point bump, or 0.86%.

Instead, I made about 1.1% in that same period in inflation-linked bonds. And I slept better. Hard to say I was actually right to bail. But even with hindsight you can't say I was wrong, either.

3 comments:

Richard Stands said...

Getting good sleep definitely has value.

But you're sadly looking at it the wrong way. Current mainstream economic thought tells us that you're foolish to save any wealth, time-shifting it through investments of any kind. Spending makes America productive, not saving.

You should have simply spent everything you had on consumer goods built in America. Then applied for you bailout like everyone else.

Anonymous said...

And of course the previous post said you said you would zero out stocks AND bonds. So, yes you were wrong.

Mungowitz said...

Good point, Anon. I chickened out on the "all money market" strategy. A win for you, sir/ma'am.