Mortgage Blog

We can not compare with the professionals(expert level).
And even my previous financial adviser can not do
a good job. But we can still have lots of room to
improve.

This year, I picked the following stocks, BAC, KBH, JPM,
AA, BTU,K. The overal direction is good, I think the house
recovery is on the way, and those stocks should benefits
from the market. But still made some mistakes.

1)Overcome greedy nad fear and accumulate more shares
when it was low. The good examples are, BAC, KBH. I
purchased at very good price, but did not add more
when it was heading lower. I purchased JPM right before
the 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 the
order 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 fixed
with 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 that
recovery is on the way, though still very slow.