I don't know if Greece situation will ever get better. With all those millions and millions of dollars won, where are they going to find the money to pay back - especially now. And I don't understand why the FMI let Greece go so down so badly. In fact, that so call organization is not capable to prevent crisis, it only deal with shit once its obvious that there is a problem somewhere... Anyway, if you want my in deep and very honest opinion, we cannot change the world, but we can certainly play things on our favor. Fact is, small investors are sometime way smarter than any government.We prove that we can do a lot with the little money we earn every single day.
One of the hardest thing to deal while investing is how to deal with such shit. Each time, my portfolio survive, but this is no fun. One of the most scary thing ever is when that nuclear thing happen in Japan. My opinion was that the stock market - mine - the Canadian one - was going to go down badly, but it didn't. So try to understand that shitty place that is the stock market - your going to turn crazy. I stop a long time ago trying to understand anything related to the stock market and this is why I am still on the run.
The honest answer to that wonderful question: How to deal with stock market shit without too much pain? - IS: DON'T GIVE A DAMN. Do your nails, have your coloration done, exercise, do something, move on, BUT CERTAINLY, DO NOT sell anything.
Et voilĂ . That is how to deal with market shit. :-)
Taking a good breath might help as well.
Currently, my non-registered portfolio is down to $128 876.57. Unfortunately, when the TSX go down, my portfolio take a hit and its a pain each time. I have a left margin value of $13 705.45, which is not to bad, but I am far from the usual 17k. I need to keep track of the situation just to watch out because in my case, I have a margin. And since I don't plan to pay back my $66 000 margin debt anytime soon, I need to watch what is going on, because in result, my portfolio value go down, as well as the value.
In 10 years from now, I hope that I will be able to look back and say, all that worth it after all. It still worth it in the meantime. I am pretty sure that my net worth still exceed the $100 000. I didn't do too badly. But I could had done certainly better, that's for sure. And its the reason why I am doing my best to stay in control of money. My newest investment in Brookfield Infrastructure Partners L.P. (BIP.UN) done well so far, I gain a 1.22% on the money already. I love when a new invest grow quickly like that. I am after all a pretty smart chick. And I am turning 35 in August!!!!
** DRAMA**
Other than looking myself carefully in the mirror each day, just like usual, I am still questioning myself on what will be my next investment and I have a pretty good idea. Once again, I will do just like Derek Foster. This one won't bring in the immediate a lot of dividend cash, but since the game is to invest for better tomorrows, maybe Canadian National Railway Company (CNR) is a good investment move. I am a fan of that stock. I made thousands on CNR inside my non-registered portfolio. Can I make possibly a thousands more on the stock? Probably. I didn't see CNR trading so low in a very long time. I still have contribution room left in my TFSA, I feel this could be a good fit.
Gangster spirit, just don't give a damn! lol ! I like that one. Just hold on to your buckle and don't let go!!! Good post. It made me feel better about my portfolio.
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