Morons! All of me!
Dec. 22nd, 2009 07:52 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
vicarzI'm in the black! Only...not as much.
So my horrible RIMM-job is clawing its way back up into tolerable negative territory of --15.22%, while my "maybe the US will make stuff again someday" industrial base stock Corning (GLW) has gone up a respectable 21.52% in under a year. With equal amounts in each I am back in the barely-black again of about +3%. You know, like a CD or savings account interest rate, only with more work, stress, monitoring, and tax liability potential.
However, when you consider my other considered stocks at that time (considered and listed in a spreadsheet on 1/9/09) and their performance as of today:
Apple (APPL) $109, today $198 - almost double
UHaul (UHAL) $34, today $52, 52%
Drew Ind DW $10, now $20.82 - about double
Goldman Sachs $80, now $165 - about double
Food Locker $7.36, now $10.44 - 42%
Hanes $10.77, now $25.50 - double and half again (ok 137%)
Coke (KO) $45, now $57.18 - 27%
Ho-foods (hfmi) $18, now 27.55 - 53%
So I can identify winning stocks, I'm just too stupid to buy them.
So my horrible RIMM-job is clawing its way back up into tolerable negative territory of --15.22%, while my "maybe the US will make stuff again someday" industrial base stock Corning (GLW) has gone up a respectable 21.52% in under a year. With equal amounts in each I am back in the barely-black again of about +3%. You know, like a CD or savings account interest rate, only with more work, stress, monitoring, and tax liability potential.
However, when you consider my other considered stocks at that time (considered and listed in a spreadsheet on 1/9/09) and their performance as of today:
Apple (APPL) $109, today $198 - almost double
UHaul (UHAL) $34, today $52, 52%
Drew Ind DW $10, now $20.82 - about double
Goldman Sachs $80, now $165 - about double
Food Locker $7.36, now $10.44 - 42%
Hanes $10.77, now $25.50 - double and half again (ok 137%)
Coke (KO) $45, now $57.18 - 27%
Ho-foods (hfmi) $18, now 27.55 - 53%
So I can identify winning stocks, I'm just too stupid to buy them.
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no subject
Date: 2009-12-22 03:35 pm (UTC)That's the right way to do it - play money is just that. Instead of an LCD big screen you tried to earn more - nothing wrong with that. The other idea I like is making a "if I spent the money" portfolio and seeing how your imaginary purchases do - however, in so doing you absolutely have to compare your progress to appropriate indicators / base-lines. No use judging your ability to pick tech stocks in the 90s...
no subject
Date: 2009-12-22 03:43 pm (UTC)I have simple rules in slots - spend no winnings, walk away when allowance is gone, no questions.
Spent $20, won $100 on next to last dollar, spent last dollar, cashed out winnings.
Spent the other $20 I had, won $100 at $5 left, spent that five, and then ignored "don't spend winnings"; took me down to $180 in hand, ie, $140 richer.
Two days later, went to another casion (that was not worth the drive to get there), same policy, walked away with nothing.
Total for my entire gambling career = +$100
no subject
Date: 2009-12-22 04:12 pm (UTC)