I have received a few emails about the markets and how I am playing things right now as we had a huge sell off recently. Everything I have already done is on the portfolio page, which can be clicked in the toolbar above.
I've been asked if I am shorting stocks or if I am buying the current dip or what am I buying or selling right now etc etc etc. To be honest, I did buy some Japanese Yen on Monday, just before the equity / commodity correction started for my personal trading account in very small quantities, but when it comes to my fund, the answer is I am doing absolutely nothing. Here is some wisdom which might help you understand where I am coming from:
"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people, always have to be playing: they always have to be doing something." ~ Jim Rogers
I think Rodgers is short high tech stocks US now?
ReplyDeleteToo many people in the blogosphere seem to think it's possible to catch every wiggle in the markets. They see one guy somewhere, on every move (exaggeration, of course), "call it" and so they figure there's a way. And they grind themselves up trying.
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ReplyDeleteJimmy and I are just interested in winning.
Anonymous - Roger shaw been short US tech stocks since February of 2011. As he himself stated many times before, it is not for the purpose of shorting for gains, he is merely using it as a hedge for his long commodity positions.
ReplyDeleteOnlooker - very good point!