Commentary and Tracking of a Portfolio of Stocks using approach from "The Little Book that Beats the Market" by Joel Greenblatt aka Magic Formula Investing
Friday, March 14, 2014
That Did Not Work
Well, I saw this morning that Liberty has pulled the plug on offer for SIRI. Not my best investment. I will likely sell today, we shall see. Yesterday I was down exactly with the market. It was a dreary day, down about 1%+.
I know that you are not a market timer but have mentioned that you are not buying and might raise some cash. I was looking at getting into MET would you think that at this point it is best to see how the market may play out over the next month before initiating a position?
Junker - I think the answer is dependent on yourself. If you have excess cash post the purchase and you intend to hold met for at least a year, then I think it is fine to buy. If you are tight on cash or do not plan to hold met longer term, I would wait.
If you believe that you should not trust anyone over 30, then you should not trust me.
I have lived in three different countries, have been married for 15+ years and have 4 great kids.
2 comments:
Hi Marshall,
I know that you are not a market timer but have mentioned that you are not buying and might raise some cash. I was looking at getting into MET would you think that at this point it is best to see how the market may play out over the next month before initiating a position?
Junker - I think the answer is dependent on yourself. If you have excess cash post the purchase and you intend to hold met for at least a year, then I think it is fine to buy. If you are tight on cash or do not plan to hold met longer term, I would wait.
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