December 7th, 2012 12:12 PM by Eric Fang
We can not compare with the professionals(expert level).And even my previous financial adviser can not doa good job. But we can still have lots of room toimprove.
This year, I picked the following stocks, BAC, KBH, JPM,AA, BTU,K. The overal direction is good, I think the houserecovery is on the way, and those stocks should benefitsfrom the market. But still made some mistakes.
1)Overcome greedy nad fear and accumulate more shareswhen it was low. The good examples are, BAC, KBH. Ipurchased at very good price, but did not add morewhen it was heading lower. I purchased JPM right beforethe trading scandal, but I should add some when it was lower to $33.
2)We should not focus too much on the nickels. I did place limit order on those I want to add, and I put theorder a little bit below the session lows. And I did not get them. That reminds me some of my clients' strategy for lower rates. Some wanted 3.25% for high balance 30 yr fixedwith no closng cost(I don't have any closed with this rate yet). And others requested the rate a little bit lower. One extreme case is that my client asked the rate 3.20% when I quoted 3.206% for 30 year fixed.
I am not sure what I am going to do for 2013. But I may watch and see for a while, and try to pursade myself thatrecovery is on the way, though still very slow.