memoryloot

What I thought was a sure thing turned out to be a pretty big mistake. I lost 4.1% of my position in GLD in a matter of 6 days. Talk about volatile. I’m still watching GLD, XLE, and now EWJ which focuses on Japan. It’s looking like Japan might be starting a new trend pretty soon. But I’m going to be a little bit more cautious about this one.

I’m also learning that I have to be constantly monitoring my 401K’s portfolio. Within the past 2 months, my mutual funds have crept up higher and higher and now would be a bad time for me to jump into them since they seem to be overbought. Oh well, lesson learned.

This entry was posted on Thursday, October 5th, 2006 at 11:02 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.