I was going to do a post about tax loss selling; but then I changed my mind. I am sick of preaching about what to do or what not to do. This cannot be my fate, explaining the most remedial investment philosophies to people dressed in sub-standard ballroom garb.
Amazingly, the market is flat and my stocks are just sitting there, eating peanuts, watching the teevee. For all intents and purposes, the year is over. Most money managers are on vacation until 2012 and have closed out big positions. As for me, I am about 25-30% cash and feel inclined to buy more TZA rather than add to my stupid positions.
I will be lucky to close out 2011 with a 10% gain. Barring some sort of fucked up crash, I will make at least 5% in 2011, by all measures an abysmal year. However, when looking at things through a different scope, my assets are moving higher. I have made money every year since 2002. Despite 2011 being lackluster, I know it’s only a matter of time before I catch a monster winner. I will not rush destiny, for time cannot be altered, only managed.
Having said that, there is nothing of great interest to me now. Everything is sort of bland and I am bored.