1.5.04 [ ] 0 comments 
A Market Analysis
Having a free day after a relatively hectic week was refreshing. Sure, there was the obligatory tree planting using a plastic children's wheelbarrow, whose wheels buckled and snapped under the weight of broken roots and organic soil - repayment for the use of a moving truck. And, there was, of course, the actually hauling of boxes and re-construction of furniture. But, having no other commitments (and being entirely too lazy to hook up the interweb), I was afforded the leisure of checking up on my portfolio.
It seems to have been a bear market these last few months. Traders were over-energies; swapping stocks and horking marketshares. Zigs and zags and ups and downs and throughs and arounds; my investment advisor was convinced that we were making headway.
I had given him full control over the portfolio, trusting in his judgment. However, it seemed that he was convinced he could make the quick bucks. The funds had indeed made some spikey jumps - more than history suggested for the first quarter. Indeed, there had been some major gains to be had. But, as is the case with hot stocks, there were dramatic fluxuations - indeed, high risk.
And, after suffering some big losses, he invested again - IN THE SAME COMPANY!!!!
"Heinrich," he said to me, "trust me, this one is a keeper."
However, the next week, the stock had once again plummeted - this time with no chance of recovery. And, the rest of the portfolio was doing poorly as well. By poorly, I want to say "there was virtually no capital left."
So, today, I fired my investment advisor. I can look after my own portfolio, thank you very much.
I spent the day gathering funds; there's not much there. But more than I had earlier this week. It's a start. Had to sell off a few assets.
But, I have plans. I'm going to make some sound investments - a diversified portfolio. With companies I can trust.
Having a free day after a relatively hectic week was refreshing. Sure, there was the obligatory tree planting using a plastic children's wheelbarrow, whose wheels buckled and snapped under the weight of broken roots and organic soil - repayment for the use of a moving truck. And, there was, of course, the actually hauling of boxes and re-construction of furniture. But, having no other commitments (and being entirely too lazy to hook up the interweb), I was afforded the leisure of checking up on my portfolio.
It seems to have been a bear market these last few months. Traders were over-energies; swapping stocks and horking marketshares. Zigs and zags and ups and downs and throughs and arounds; my investment advisor was convinced that we were making headway.
I had given him full control over the portfolio, trusting in his judgment. However, it seemed that he was convinced he could make the quick bucks. The funds had indeed made some spikey jumps - more than history suggested for the first quarter. Indeed, there had been some major gains to be had. But, as is the case with hot stocks, there were dramatic fluxuations - indeed, high risk.
And, after suffering some big losses, he invested again - IN THE SAME COMPANY!!!!
"Heinrich," he said to me, "trust me, this one is a keeper."
However, the next week, the stock had once again plummeted - this time with no chance of recovery. And, the rest of the portfolio was doing poorly as well. By poorly, I want to say "there was virtually no capital left."
So, today, I fired my investment advisor. I can look after my own portfolio, thank you very much.
I spent the day gathering funds; there's not much there. But more than I had earlier this week. It's a start. Had to sell off a few assets.
But, I have plans. I'm going to make some sound investments - a diversified portfolio. With companies I can trust.
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