last week i had decided that i'd had enough of sitting this one out and watching my retirement slip further and further into the future. i moved my international investments into us value oriented funds. then on monday i decided it was time to start buying some stocks. overseas markets were down 10-12-14 percent monday and the us market were about even. the week before i had transferred some money to my ING account, who now operates their brokerage program through sharebuilder. i put the order in to buy monday night after the markets closed. today the s&p had it second biggest single-day gain ever. up over 10%. awesome, right? i logged into my sharebuilder account to check out the massive amounts of money i had surely made today. the order i put in monday night? still "processing". seriously though, we're not talking about a lot of money, but if i were someone else, it could have been. mostly i'm mad because honestly, i have no idea what i'm doing with my investments and there's basically no chance of me timing the market that well ever again. ever. fuck.
2 comments:
You know, as long as you're worried about single day losses and gains, you're still looking at it the wrong way!
hey, don't get me wrong. i'm not chasing hot stock tips i get in my email or day trading, but there's no sense in sitting around getting hammered in the market when you could potentially do better.
and you're thinking about it wrong if you don't see this is a good buying opportunity if you're gonna be in it for the long haul!
my trade went through overnight so i assume that means the markets will be back down 10% and instead of having made 10% i'll end up losing 10%. fuck.
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