When I say that time flies, I really mean it! It is already the first weekend of January, Holidays are over but I’m not over with leftovers 😉 We actually had to freeze part of the food we prepared in order to not waste any. The good side of it is that I have plenty of lunch to bring to work next week J. As some of you might know already, I write most of my post on my way to work.
Last week, the bus got stock on the highway because of a car accident. Let met tell you it was a productive morning for The Financial Blogger!
So the barrel went up to $100 this week and gold is seeking the mental bar of $900. Is this will ever stop? Nobody knows. I remember reading some articles about two years ago where CIBC claimed the barrel to go over $100 (two thumbs up for this analyst!) while some other institutions were saying that it would drop down to $50 and maybe lower. This was just to prove my point that financial analysts are as good as meteorologist… I don’t think they have a good reputation.
I’m writing about financial analyst today because at the beginning of the year, everybody that is working in the financial industry is being asked which stocks will jump in the air or jump in the cliff. The problem is that they don’t know much more than you and me! Go with what you think is a “safe value” for your portfolio and hope for the best.
I will be trading more actively this year and I hope that my return will be better than for this year (-8%). I had a small portfolio and I really sucked at attributing my assets correctly. I took way too much risk for nothing, thinking I would hit big and double my portfolio value. I guess this is what happens when you are trading with such greed!
I started trading in 2004. I did 19% in my first year, 4% my second and -8% for this one. I think it is time to get back to the basic and start trading with my brain and not with my heart. In 2005, I should have been able to post an annual return of +71% as this is what I had in September. Unfortunately, I tried to transform this 71% into 710% with one big trade. I am telling you, greed is bad for your financial health!
Even though it was Holidays, I still manage to submit some of my articles to carnivals. I participated to the following:
– Carnival of Personal Finance at Wereindebt.com
You should read: Investing has Social Consequences Whether You Like It Or Not at The Dividend Guy Blog
– Carnival of Money Stories at moneywalks.com
Here’s a great article: Why Credit Cards Are Not My Friends at I’ve Paid Twice Already.
– Festival of Frugality at Molanomy.com
I liked this one: 15 products That Save Time Money and Space at lazymanandmoney.com
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