No, this isn't a post about Canada's iconic Tim Hortons coffee. Who puts double cream and double sugar in coffee anyway? Yuck!
On November 8, 2010 I wrote Thank You Mr. Bridger!!! It was the story about my first ever, and still only, double on an individual stock. Today I'm writing about a different kind of double. As of today the total value of my stuff has doubled since the low of November 20, 2008. Yup, 834 days since doomsday when my stuff and the holdings of many others hit rock bottom. Some of us cashed out, no longer able to live with the stress of the markets spiraling downward. Some of us held on hoping upon hope that things would somehow stabilize and we'd claw our way back.
Me, I held on, continued to ignore finance guy, watched a ton of business television, read a lot, tried to learn a bit and continued with the strategy that I'd begun a few years earlier. With today's double I can honestly say that things did work out.
Where do I go from here? Can I double it again in another 834 days? I doubt that. No, I'll continue the present course and hang in there with the Canadian Bond Fund as my largest holding. Up 6.37% since last June and looking forward to yet another nice quarterly distribution at month end. Regular readers know what I think is likely to happen over the next ten years. Volatility with a capital V! I stand by my belief and that of the Wealthy Barber, you've got to pick a time as retirement approaches and get the heck out. Too many retirement plans were shattered over the past few years and I'm not part of the goofy majority who actually plan on a lottery win to make things right.
Oh, by the way, my Apple shares purchased six days ago at $535 closed over $568 today! How badly do I wish I'd bought those shares a long, long time ago?
On November 8, 2010 I wrote Thank You Mr. Bridger!!! It was the story about my first ever, and still only, double on an individual stock. Today I'm writing about a different kind of double. As of today the total value of my stuff has doubled since the low of November 20, 2008. Yup, 834 days since doomsday when my stuff and the holdings of many others hit rock bottom. Some of us cashed out, no longer able to live with the stress of the markets spiraling downward. Some of us held on hoping upon hope that things would somehow stabilize and we'd claw our way back.
Me, I held on, continued to ignore finance guy, watched a ton of business television, read a lot, tried to learn a bit and continued with the strategy that I'd begun a few years earlier. With today's double I can honestly say that things did work out.
Where do I go from here? Can I double it again in another 834 days? I doubt that. No, I'll continue the present course and hang in there with the Canadian Bond Fund as my largest holding. Up 6.37% since last June and looking forward to yet another nice quarterly distribution at month end. Regular readers know what I think is likely to happen over the next ten years. Volatility with a capital V! I stand by my belief and that of the Wealthy Barber, you've got to pick a time as retirement approaches and get the heck out. Too many retirement plans were shattered over the past few years and I'm not part of the goofy majority who actually plan on a lottery win to make things right.
Oh, by the way, my Apple shares purchased six days ago at $535 closed over $568 today! How badly do I wish I'd bought those shares a long, long time ago?
As Always, Good Luck & Happy Investing!
No comments:
Post a Comment