Jiesen tries to take over the world

[jiesen]

Nfi

Sold these shares for 5.6 today, about 10% above where I got 'em last week.

darn! I guess I should've held out for 6!

http://finance.yahoo.com/q/bc?s=NFI&t=5d

[jiesen]

I'd take 9% if I could get it every year...

9% is pretty marginal, eh? Of course its better than zero or negative which is what the cubes have returned over that same period. One thing you can try which is better/easier than trying to time the markets is to keep a portion of that fund but add some diversity with other index funds. I'm pretty sure you could do much better than 9% without the hassle of trying to be perfect on your timing, at least that's what I've found.

Sure, Tatnic, there are numerous ways to beat 9%, but I have found they are much easier to spot in hindsight. But thanks for the advice, I'm glad to get it. In a way, I am doing just what you are suggesting. By selling half of this position, I'm diversifying my mutual fund holdings, since this was one of the largest of my holdings overall (about 25% of my portfolio is in mutual funds, mostly in chunks of about 2-3% in each). When I reinvest that money, I'll put it back into another fund or stock, which may be similar, but it won't be in the same investment, so I'll have less tied to that one particular fund.

Back to the 9% though, that's one of my better-performing funds overall. Most which I've held for a while have appreciated on average between 6-8%, which is just about what typical market returns have been. I'd have done better to just stick it all in an index fund, and avoided paying the 1% fees to the mutual fund managers. And in fact, that's partly what I've started to do. The funds I invest in automatically now through my 401k are mostly either bonds or large-cap funds which will pretty much do what the S&P does.

I know it must sound lame to those of you who can easily beat the market by 5-10% consistently each year, but I know I'm not capable of doing that yet. I'd love to be able to, and that's why I'm here every day trying to learn as much as possible, but I have to be realistic in my expectations. If I could be sure of making 10% every year, I'd be able to retire tomorrow. Heck, I would then just keep borrowing at 7% and pretty soon I'd have more money than I'd ever need.

sold a 3% position (about half) in one of my biggest mutual fund holdings today, thinking to take some off the table when the market is hot. I'll likely deploy this again when the market is back in the tank next month or next year.

By the way, this fund has made me about 68% over 6 years or so, for about a 9%/year gain. This beats the S&P's 0% gain over that time!

http://finance.yahoo.com/q/bc?s=MEIC...&q=l&c=%5EGSPC

9% is pretty marginal, eh? Of course its better than zero or negative which is what the cubes have returned over that same period. One thing you can try which is better/easier than trying to time the markets is to keep a portion of that fund but add some diversity with other index funds. I'm pretty sure you could do much better than 9% without the hassle of trying to be perfect on your timing, at least that's what I've found.

[jiesen]

sold half of my NFI again at 5.6

got back in here at 5.1 again, bringing my total NFI back up to 5% or so.

Now I wouldn't mind it if they sold out next month for 8 or 10, but a recovery back to 20 or 30 would be even nicer. Or a $4 dividend this year would keep me from hating them if none of the above were to happen.

Sold these shares for 5.6 today, about 10% above where I got 'em last week.

[jiesen]

Bought NFI at 5.1 (2% position)

got back in here at 5.1 again, bringing my total NFI back up to 5% or so.

Now I wouldn't mind it if they sold out next month for 8 or 10, but a recovery back to 20 or 30 would be even nicer. Or a $4 dividend this year would keep me from hating them if none of the above were to happen.

[jiesen]

NEXC on fire...

cutting and running here for a breakeven. I gave it a chance, but it's not happening.

http://finance.yahoo.com/q/bc?s=NEXC&t=5d

Guess I shoulda held out for a couple more weeks. Doh!

[jiesen]

Sold 2% NFI position at 5.5

Picked my 2% NFI position back up (now I'm at about 5% NFI) here, looking for a quick 10-20% on this, or if not, I'll hold out for at least 40% long-term. Whatever happens, though, I'm not getting stopped out on this one... It could go to 2, but it'll be back.

Sold this 2% (about half of my NFI) at 5.5 today, about 10% above where I bought it.

[jiesen]

sold MEICX (3%)

sold a 3% position (about half) in one of my biggest mutual fund holdings today, thinking to take some off the table when the market is hot. I'll likely deploy this again when the market is back in the tank next month or next year.

By the way, this fund has made me about 68% over 6 years or so, for about a 9%/year gain. This beats the S&P's 0% gain over that time!

http://finance.yahoo.com/q/bc?s=MEICX&t=my&l=on&z=m&q=l&c=%5EGSPC

[jiesen]

there's still hope for GPRO yet

At least my employer had some good news today:

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b99F53119-C997-47F9-A3B6-C7965D563D72%7d&siteid=yhoo&dist=yhoo

Maybe my stock options will go back in the money again this month...

Maybe tomorrow will bring some movement in the stock just in the nick of time for that call...

http://biz.yahoo.com/ap/070329/genprobe_product.html?.v=1

News was just released stating that GPRO's PCA3 test does indeed better diagnose Prostate Cancer than traditional methods. (We've believed that for a while, but now the data is in.)

[jiesen]

Bought NFI at 4.9

Picked my 2% NFI position back up (now I'm at about 5% NFI) here, looking for a quick 10-20% on this, or if not, I'll hold out for at least 40% long-term. Whatever happens, though, I'm not getting stopped out on this one... It could go to 2, but it'll be back.

[jiesen]

Sold LJPC at 7.0

Sold a 2% position in LJPC at 7.0. That still leaves over 30% of my port in it, though. I'm considering putting this 2% into NFI again either here or at maybe a bit closer to 4.

[jiesen]

Sold NEXC for 10.3

and took the cue from Spike's POTW entry to buy some NEXC on a pure daytrade/TA joyride. I put 2% in at 10.3, and will sell this today for either a 3% loss or a 10% gain. That's the plan, anyway, but I'm wide open for suggestions, especially from Spike!

cutting and running here for a breakeven. I gave it a chance, but it's not happening.

[jiesen]

I got some balls today

and took the cue from Spike's POTW entry to buy some NEXC on a pure daytrade/TA joyride. I put 2% in at 10.3, and will sell this today for either a 3% loss or a 10% gain. That's the plan, anyway, but I'm wide open for suggestions, especially from Spike!

[Websman]

I wish I had had the balls to buy more when I saw it trading at 3.3!

I wish I would have had the balls to buy at all. LOL

[jiesen]

Congrats! I wish I would have bought some yesterday...

I wish I had had the balls to buy more when I saw it trading at 3.3!