I’m basically back to even…

February 17th, 2010

It’s been a long 12 months, but I’m back above water, both in my trading account and in my retirement accounts.  I really owe it all to my stellar strategy:

“One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people always have to be playing; they always have to be doing something. They make a big play and say, “Boy, I am smart, I just tripled my money.” Then they rush out and have to do something else with that money. They just can`t just sit there and wait for something new to develop.”  -Jim Rogers

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Taking some off the table

January 26th, 2010

Last week I sold off some Provident Energy (PVX: chart, web, Y!) stock, and some CREE (CREE: chart, web, Y!).

I’m up about 80% on CREE, and am about back to even on PVX. I’m rarely up 80% on anything (read my posts on Ford before you draw any conclusions on my trading style), and I’m overweight in PVX.

I’m sure there’s more room to run on both of these, but it’s time to score some of those gains.

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I need more time.

January 24th, 2010

There are only 24 hours in the day, and I need at least 8 of them for sleep. Otherwise I’m a grumpy bump the next day.

My son just had his first birthday this last week, and I’ve reflected back on the last 12 months, and constantly wonder where the time has gone.

We spent 8 days in Costa Rica in early January, and took the kid and two sets of grandparents with us. Never in my life has a vacation been so… un-relaxing. Constantly chasing the boy, changing diapers, giving a bottle, shoveling Gerber jars.

And I’d do it all over in a heartbeat.

I’ve got hundreds of pictures of my son dipping his feet into the sand on the beach for the first time, his first trip to the pool, and even pictures chasing iguanas and monkeys.

To be sure, I need more than 24 hours in a day to get stuff done. But I’ll never trade in my time at the beach with my son.

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