I know, I know, everyone has 20/20 hindsight. Still, it doesn't hurt to look back at past decisions, review them and see if they still make sense.
It was June 22, 2011 when I sat across the desk from the new finance guy here in Carman and stood my ground. A week or so earlier I had declared that when my money arrives from the former fund company it was to be invested in the Canadian Bond Fund. He sent me home with some reading material. Surely I might consider the Select Conservative Fund...or at the very least their Select Very Conservative Fund.
So, I took the stuff home, reviewed it and did my own research using Globefund & Morningstar. The money arrived in very short order. Almost had the impression that the other guys were glad to see me go. I headed down to finance guy's office to sign the final forms. "Well, what did you decide?" he asked. I answered that I wanted the summer off from watching the markets and wished to park everything that wasn't in my trading account in the Canadian Bond Fund where it would sit until such time as I see some return of normalcy and stability to the markets. I'm still waiting!
Just the day before, June 21, 2011 the TSX closed at 13,060. Monday 12,018. Down a full 8%...Yikes! Yesterday 11,935. Double Yikes! A quick look at Globefund reveals that my Canadian Bond Fund has returned 9.22% in the past year. The Select Conservative Fund 2.04%. The Select Very Conservative Fund 3.32%.
Yes, sometimes it's nice to look back. Speaking of looking back, my Apple shares which I bought at $535 on March 7 closed at $628.44 yesterday. Gotta love that!
It was June 22, 2011 when I sat across the desk from the new finance guy here in Carman and stood my ground. A week or so earlier I had declared that when my money arrives from the former fund company it was to be invested in the Canadian Bond Fund. He sent me home with some reading material. Surely I might consider the Select Conservative Fund...or at the very least their Select Very Conservative Fund.
So, I took the stuff home, reviewed it and did my own research using Globefund & Morningstar. The money arrived in very short order. Almost had the impression that the other guys were glad to see me go. I headed down to finance guy's office to sign the final forms. "Well, what did you decide?" he asked. I answered that I wanted the summer off from watching the markets and wished to park everything that wasn't in my trading account in the Canadian Bond Fund where it would sit until such time as I see some return of normalcy and stability to the markets. I'm still waiting!
Just the day before, June 21, 2011 the TSX closed at 13,060. Monday 12,018. Down a full 8%...Yikes! Yesterday 11,935. Double Yikes! A quick look at Globefund reveals that my Canadian Bond Fund has returned 9.22% in the past year. The Select Conservative Fund 2.04%. The Select Very Conservative Fund 3.32%.
Yes, sometimes it's nice to look back. Speaking of looking back, my Apple shares which I bought at $535 on March 7 closed at $628.44 yesterday. Gotta love that!
As Always, Good Luck & Happy Investing!
