With 2011 now behind, I can look back and see it was a great year for investing and look forward to a great 2012.. I moved my portfolio around to better position an upswing in midyear, a decision that proved to be very profitable.. Even though some of my decisions did not gain as much as I wanted them too, and in some case they went down, I have learned to take my winners with my losers. It was a roller coaster of a ride and I sold some long term holds and even readjusted my portfolio to take advantage of the momentum created in the midyear crisis.. Loaded up on Visa, McDonalds, Transatlantic, Aeropostale, Google, dumped 30% of my Deutsche Bank and Skechers. All in all, these adjustments led me to close the year up over 20%. This was helped greatly with my Aeropostale investment I made midyear. ARO appreciated over 70% in a few short months and I sold the position at two different times with an average gain of 60%. This was the company that pushed my portfolio way into the positive, but now here comes the bad news..
So here are my recent moves.. I keep it simple when it comes to trimming my portfolio, I just sold 50% of my entire portfolio down the middle and sold 100% of the losers to offset the capital gains from my sales for tax purposes. My loser stocks were Skechers and Deutsche Bank. I continue to be a sucker for these two companies as I believe they have a good future ahead and may appreciate greatly.. Maybe, just maybe, I'll get suckered into buying them again. (Please note: I'm not a tax expert or a stock expert I just believe investing is simple, You buy a company when it's selling cheap and sell it when it's selling high) Please visit my portfolio page to see my holdings and sales.
I share this blog not to gloat, or to give people advice, but as a learning tool to help me remember my decisions and my mistakes. I share some of my personal information and wealth information with the hopes that you don't know me personally as I prefer to stay anonymous and only hope these writings help anybody who crosses by them. Investing has become my hobby.. I have a real job that pays me very well and don't plan on leaving it any time soon. If you want to ask me a question leave me a comment and I'll happily answer any question you may have. If you believe my blog sucks, that's OK too. If you have an investment idea or a blog you would like to share. Please leave me a comment.. I'm a ravenous reader and love to read everything and anything.. Thank you and good luck in 2012.
