Saturday, August 05, 2006

Lesson #1

(Initially posted 06-14-06)
First lesson already. I was caught buying high.
Towards the end of last year, I bought into an emerging market fund. It rather quickly gained 50%. Excited, I made a substantially larger investment in the fund. That quickly rose 10%. And then May hit, and the markets tanked. I am now losing money on the investment.
Lesson #1: When I'm excited about my gains, it's time to sell.

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