Woohoo, it looks like we are buying a house. We negotiated a new deal and one that I think is pretty good. To fund the down payment I had to sell off half of our portfolio. This allowed me to take a look at how good our returns were. Remember this is since beginning of February when I said I was a bull. Net return, 18.5%, which stunned the heck out of my wife and I. She said, “wow you did really well…”
What is the moral of the story? Buying into the abyss is the best buying opportunity. You need an extremely strong stomach, need to manage risk, but when the market turns it’s great. Not everything is golden with my portfolio, there are still some looser’s (GPS), but things are working themselves out.
2 comments Tuesday, May. 6, 2008
by Christian
