What have we learned from 2010?
Perhaps most interesting to take stock of an entire year is that we can observe our situation with a little distance. We can see the situation as if they had been our decisions but of a friend who asks for advice, why?
so that we can say without the inherent risk to justify all our actions coming, many times, to justify the unjustifiable. It happens, yes, I admit.
As an example I wish to propose first to Mr. Ram Bhavnani. Admittedly, I have much appreciation and admiration. Among other things because it is elegant enough when, in due course, he acknowledges that his model work, many success has brought in more than 20 years, has been totally ineffective in this crisis . Both was the drubbing suffered virtually the entire profit realized from the sale of Bankinter has been lost this year. Of course sometimes things as they come, they go. Still, what I admire because he has not reflected losses in their accounts (this means that, in general, won more than that obtained only with the sale of Bankinter). Leverage or debts are dangerous (ojo! did not say bad but dangerous, very dangerous).
On the other hand we have Warren Buffet . So I put as an example but with a slightly different investment style. This year was not that particularly good for him, though has been a year of follow purchases (as 2009). We all know that if your business is in the bag and the bag is wrong, you end up falling with her (if I know that there are "tools" to bet on the floor, etc, etc, but my position has always been clear about those tools, the farther the better). The rules provided that he would work are: a good dose of patience, common sense and not investing more than it earns . These are the tools that Mr. Buffet has managed to keep in the gap for another year.
As for me, what I can say ...
Of course, not to compare with those two big stock market investment, no. Just ponder aloud. As a lesson I have learned that the bag must have patience, it investment models must be tailored to individual needs and not have them as immutable truths, and that the money spent is money not needed (no more than one 30% of admissions per month). The clearest example of adapting the method is applied to the DCA. In the current situation, not because I have gone wrong, so I modified slightly So when I've been a certain amount invested, to take advantage of moments of Black Friday in the stock to invest at least 10% of what has been invested. Not enough to invest the same amount as always, the average is barely noticeable. Thus these conclusions emerge:
A-one must have a business or work to implement the periodic investments in the stock market, income is not worth living because there is sufficient capital,
B-is better be saving up a number of interesting (I have found my size in saving at least up to 10% of the investment to average) and seize the moment bassist
when investment is crucial (or Warren or Bhavnani are investing forever but they do when they believe the time is ripe for it). As a moment to enter a value are: the average price of the investment, if we have the courage, or the PER of the PER is less than half of the last 5 years, if we are not in it,
finally enjoy the simple joys that life gives us and our and do only what they want to do, everything else is a waste of time, including seeking financial freedom because if you're happy, all otherwise spare.
Greetings.
0 comments:
Post a Comment