I’m happy to say that as I write this article I am up over 21% in my stock market portfolio. I’m not assuming this will be where I end the year, but I’m still really proud of how well I’ve done so far in the stock market. This is my second year in the stock market and I’ve learned more than I could’ve possibly conceived when I first began investing.
I’ve been investing very conservatively this year. My intention was to see how well I could in the stock market when I ignored my desire to get rich quick, and embraced the ideals of a value investor. I’ve been very successful off of this mentality, and it’s quite ironic if you think about it. At the same time, it’s a fundamental key to having success in the stock market; invest with a clear mind, not with a greed filled head.
If all goes well for the rest of the year, I’ll finish with much gained and needed confidence. I know next year will be promising after everything I’ve learned in this year. I’ll look to continue my strategy of value investing and short term investing while still being cautious. The only issue I see for next year will possibly be the sub-prime market meltdown affecting the markets, which would ultimately hurt me as I don’t like to short the market. I’ve tried shorting the market without much success, and atleast for now you don’t want to be a bear in these markets. The Fed is fighting with everything they’ve got to keep our economy and our stock market growing.
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