Mortgage Blog

I am preparing myh 2013 tax returns now. And I
found that I only made one sale last year.
But it was a big mistake.

In Sep 2013, AA was kicked out of S&P500.
And the stock price was around $8.20.
That was my purchase price as well.
When the news was out, I thought there
would be no future for this stock, so I
sold more than xxk shares of the stock.
If I kept this stock till today, It was
up 50% after it was kicked out.
If I kept this stock, my performace
would be 5% to 10% better.

So this year when I heard the bad news about
JPM, I gonored it, and it hit the record high;
When KO had the bad news, and went lower to
$37, I did not sell. When T had teh bad news,
I did not either. You can hold hese kind of stocks
longer enough for it to turn around.

My biggest turn around story is MU. It was a
pig for a long time, always traing around $6-$8
until it went over $20 recently. So I remembered
Buffett said we should not watch the stocks daily,
since we do not watch them weekends.