I bought a bank stock sector fund early this year and added on the recent dip. Gotta think the yield curve helps banks.Wanted to buy more stocks on the bond dip but couldn't really find anything compelling so I bought some index stuff. Sort of a "buy 'em all and let God sort it out" strategy.BTW, giving myself a shout out. An IRA I started with a borrowed $2000 contribution in 1983 just passed a milestone of sorts. I put a total of $2000 a year in this thing for five years back in the eighties, after which my employer created a 401K which priced me out of making more pre-tax IRA contributions.Anyway, after yesterday's rally, the little IRA account passed $200K and it is still beating the SPX for 30 years.By my calculations, a buck invested in SPX at the beginning of 1983 is now worth $24.96, but a buck given to Teddy is now worth $27.93!Full disclosure. All the alpha came from getting out of stocks in 1999 (back in in March 2003), beating the SPX by 30% in 2008 (well, duh) and bailing on stocks in August of 1987. Peter Lynch deserves some early credit too.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M