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Anybody else nervous?

April 20th, 2006 at 05:13 am

I monitor my stocks and mutual funds daily (yes, I know, too much but I like to know where I stand). I made about $1400 in paper profits in two days. Too much of a good thing too quickly, and for no economic reason.

I'm nervous. Anybody else?

3M's annual report and proxy vote came today. All my companies had a shareholder initative about CEO compensation. I voted for all of them.

Except for a morning coffee ($1.65), a nearly no spend day.

Posted in IRA, Stocks & DRPs | 5 Comments »

5 Responses to “Anybody else nervous?”

  1. PRICEPLUS Says:
    April 20th, 2006 at 11:57 am 1145534224
    1145534224

    I used to be very nervous but I am in it for the long haul. I have seen the markets ups and downs. I am indexed and diversified as best as I can. My strategy is to consistantly hit singles and doubles. I never look for home runs. Well, that is why I am not too nervous.

  2. contrary1 Says:
    April 20th, 2006 at 01:28 pm 1145539711
    1145539711

    I probably don't have a big enough portfolio to be nervous. But, I too began the trek for the long haul & I do pretty good not thinking about it at all.

  3. retire@50 Says:
    April 20th, 2006 at 02:17 pm 1145542678
    1145542678

    It's like weighing everyday. I refuse to let numbers control my emotions, by hiding my head in the sand Smile I check once a month when I do my networth updates.

  4. Ima Saver Says:
    April 20th, 2006 at 05:00 pm 1145552410
    1145552410

    I only check once a month too.

  5. markio26 Says:
    April 21st, 2006 at 01:20 am 1145582430
    1145582430

    i think it is important to you to daily monitor the markets.. each person uses a different approach... look at the chart of the stock and go out 5 yrs.
    if it is in an uptrend.. leave it alone.. let your winners run... sell your losers.. quickly.. stocks go up on good news alot.. i stay in stocks from nov. 01 to apr.30, i sell.. i stay in bonds from apr.30 to nov. 01. the rest of the time i am in reits and gold. cd's. you have to go with the trends.. some stocks like reits ignore the markets and do their own thing... i made $500 in one day off of 3m in the nineties... so, take half of your winnings off the table, and let the rest run for example. let a stock come to you, don't chase it.. if the stock is not loving you back sell it.

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