There's nothing you can do that can't be done.
Nothing you can sing that can't be sung.
Nothing you can say but you can learn how to play the game
It's easy.
There's nothing you can make that can't be made.
No one you can save that can't be saved.
Nothing you can do but you can learn how to be in time
It's easy.
All you need is love, all you need is love,
All you need is love, love, love is all you need.I am at Times Square. Saw Beatlesmania at BB King's Blues Club today. Still in a fine mood from the PNCL move on Friday.Large vs Small
Amazing but true: my small stocks are doing much better than big brethern. So far my small stocks (under $1b MC when bought) are up 16%. Large caps are up just 0.6%, without dividends they're underwater. Should I buy small stocks more often? They are more likely to be bought, that is certainly juicing the short-term returns. The large cap return is pretty dismal. Hmmm?
Ramble
Not much else going on as we countdown to Christmas and then New Years Eve. It was a fantastic year for my portfolio. I am up over 28% while the markets are up about 12 to 13%.
Most of the pundits seem pretty bullish about 2007. Hard to get excited about that. Fact is they really don't know.
Investing Resolutions
Here are my plans for 2007:
- Trade less often - Fidelity won't be happy
- Maintain 3 legged approach of MFI, International Stocks and Finance/Insurance.
- Try to increase overall yield of portfolio (currently about 1.5%)
- Pare back MFI stocks to about 25 (more $ in each)
- Find enough dollars from everyday CF to buy at least one more MFI stock.
- Keep about 10% of entire investments in cash.
- Max out IRAs and 401K.
- Consider buying some land.
Posts
2 comments:
I really enjoy your blog. I'm a fellow MFI'er ; 38% IRR for 2006; very pleased; I wish you a safe, peaceful and prosperous 2007. (As a 20+ year real estate owner/broker investor I appreciate your desire to diversify into land; the real estate business has been very rewarding to our family. I do caution you though, please leave time and liquidity as your friend if you are investing in land. It can be a cash hog to feed (mostly property taxes and maintenance/mowing) until it ripens.)
Thanks for the comment. Glad to hear you enjoy the blog. The land idea is more personal than to make money. I am thinking about my retiremnet 8-10 years from now and am looking at buying land in Austin while it is still relatively cheap.
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