JDPFu.com 2025

So, 2008 is over. Thankfully. I saw my savings drop, er, significantly. By just looking at the numbers, I did some things right and others, very wrong.

What I did wrong

1. I didn’t get out of all stocks that lost 20% in July. I had a belief that July was the bottom and it would go up from there regardless of what others where saying and the actual ticker.
2. I rode most of these investments down 40+ percent and still own them.
3. I rode a single investment down 92% and sold for that loss on 12/31. The same day I sold it, it rose 4% – after I sold.
4. In May, I didn’t take as much of my profits in international investments as I should have. I did place a limit order that was never reached to sell on the next 20% gain. It was close to selling.
5. I ignored my rule to sell all whenever an investment drops 10% off the peak.
6. Much of what I did wrong was due to my traveling and paying more attention to non-financial life things. Some of that wrong stuff was lucky, this time.

What I did right

1. I rolled my 401(k) money into my IRA
2. That cash stayed in cash until August and missed all the loses. The cause for most of this was luck – I was out of the country.
3. In August, I started trading around my other positions, making about one trade every 2 weeks. This method takes advantage of wide swings in stock prices. In this volatile market, it worked. Very well, actually. 15% gains in 5-10 days, not bad.
4. Because of luck and the other things, my IRA barely lost 5% this year.

The numbers

I wrote the stuff above before I pulled the actual numbers.

These numbers are better than I thought they would be. The -38% in my taxable account was better than expected even with me taking living and travel cash out the last year.

My huge tax loss was from ACAS, which was up 14%+ on 1/2/09 and 19% for the week. Nice.