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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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I wish. My total holdings are less than 5% of that number.
Most of my 401k was in very aggressive, high-risk funds like emerging markets funds. Did great last few years but got slaughtered this year. I've since moved out into (slightly) better funds.
Options - made a few good picks but got killed by the bad ones. The downside of leverage. My losses this year are outnumbering the wins by about 3:1. I should be (or more correctly should HAVE BEEN) much more willing to do put/short positions. I mostly stuck with calls because they were more conventional and didn't scare me as much, even though I seriously did consider shorts on financials in a big way - even shorts on the indexes... But it's "coulda'/woulda'/shoulda'" - I just mulled it over, talked about it but didn't pull the trigger. And so depended on calls/long positions and as such, I eat dirt.
Last year we had a lot of OT in this office which netted me a lot of extra $$$. We're still busy for now (thankfully) but as part of a cost-controlling measure all OT has been slashed. Of course employees still have the option to work extra hours if they want but it's unpaid. So I typically don't.
Net result is a big y-o-y decline and I've cut back on expenditures in a big way. Things are definitely not as good as last year and I don't expect to see days like that again anytime soon unfortunately. I've pulled virtually all my investment $$$ off the table for now until I figure out what to do next. In the "easy days" the last 2-3 years I just tried like hell to "make what I can while I can" knowing that it wouldn't be so easy forever. Guess I was right. I'm still ahead overall, but nowhere near my highs...
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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