The portfolio has grown 22.3%
To put this in context:
in the same time, the NASDAQ index has gone down 2.91%; the DJIA has gone down 7.86%; the S&P 500 index has gone down 7.54%
The money saved on gas from the scooter alone, if used for a year, and invested at this rate would have been worth 3057.50 today.
My current plan is to wait a little while, (as the companies I've invested in likely have some tricks up their sleeve still) to hit a set price, and sell it all and buy a mutual fund. Why a mutual fund? I expect index growth to outstrip the growth of the companies I've invested in because mutual funds are on sale right now. (see below)
Also, I'm leaving the picking up to others. Despite my portfolio outperforming most averages, I think this trough time is a good time to outsource that effort to some sort of expert. I expect the short term growth potential to be less than I could accomplish on my own, but I also want to mitigate some risk. Flying too high above the mean only lasts for so long. Fund managers know that, and work around it in ways I won't (statistically speaking) be able to.
2009 is going to be good for first time home buyers, I think. I suspect the market will continue to decline as subprime and prime ARMs come due and people try to get out of their place before the bank takes it. The government seems likely to be pitching some money in to keep the "foreclosure" numbers low. That could turn into some kind of tax break for me. Who knows?
I am certainly interested to hear your opinion on the matter.
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