On a positive note, my portfolio value clawed it's way back a full 49% from the low point of last March. I am thankful that I did not succumb to the urge to bail. It did cross my mind.
We ended the year on a high note. The TSX reached a new high for the year, 11,779, on December 2. My portfolio reached a new high on December 30. It didn't hold for year end on the 31st but very close.
The TSX began the year at 8,987 and ended at 11,746 for a gain of 31%. The market went up on 146 days and down on 105 days. The value of my portfolio rose by 33%. AT LAST! I beat the TSX!
South of the border, the DOW began 2009 at 8,776 and finished at 10,428 for a gain of 19%. Once again, I'm happy with my decision of a couple of years ago to stay with Canadian investments.
All-in-all, I think most of us who held on are pleased with the past year. Others, who took money off the table a year or so ago missed a nice upside but likely slept a whole lot better. You've gotta do what you've gotta do. What works for one doesn't work for all.
Here we are at the beginning of a New Year. Oil, Gold, the Canadian Dollar and the TSX are all going up on this, the first trading day. Let's keep our fingers crossed.
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