By: Larry MacDonald
It’s instructive to go back and review what was written in one’s blog over the past year. The blogger is bound to find some good posts, some not-so-good posts and a few that leave them wondering “Did I write that?” Here are a few highlights from Investing Ideas’ good and not-so-good categories:
Good
March 5: Stay bullish on government bonds (update to 2007 post, The Sanctuary of Government Bonds)
April 10: More shoes to drop in the financial crisis
May 21: Buy put options on iShares CDN S&P/TSX 60 ETF to hedge against market decline.
June 12: Short oil prices by buying the double-short Horizons BetaPro NYMEX Oil Bear Plus ETF.
Not so good:
Jan 21: Buy the iShares Canadian REIT Sector Index ETF at 7.2% yield; it’s now around 11%.
May 20: Buy iShares MSCI Hong Kong Index ETF; now down 50%.
Sept. 30: Sell the Horizons BetaPro NYMEX Oil Bear Plus ETF (see June 12 post above); sale netted a 50% gain but if it had been held a couple more months, the gain would have been close to 500%.
2 Responses to “ 2008 in review ”
I can’t help feeling partly responsible for your missed opportunity on the Oil Bear Plus ETF.
But I stick by the logic that led you to sell. Just because you left the slot machine right before it paid off doesn’t mean you should have kept playing.
By Patrick on Dec 27, 2008
Patrick
Not your fault for me selling early.
LM
By Larry MacDonald on Dec 27, 2008