It's no good knowing what you should do, if you then don't do it!
Copyright Enough Wealth 2007
Tuesday, 8 January 2008
Do as I say, not as I do
On the 10th of December I posted my thoughts that I'd better replace my expiring Index Put Options with some new 'insurance' against a possible drop in the market. I never got around to doing anything about this, and I've paid the price. With my geared stock portfolio every 1 point drop in the All Ords Index is a paper loss of around $100. Since 10 Dec the Index (XAO) has dropped around 500 points, accounting for around $50,000 decrease in my net worth.
It's no good knowing what you should do, if you then don't do it!
Copyright Enough Wealth 2007
It's no good knowing what you should do, if you then don't do it!
Copyright Enough Wealth 2007
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2 comments:
Your blog is very well done I may not understand all the lingo. I do know what to look for and your have great posts thank you for sharing your insites.
Wow, that's a rough loss, but I'm sure you'll get back on track soon enough.
What doesn't kill you...
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