Wednesday, July 16, 2014
Back In New York
Watching CNBC this morning actually on the corner of Wall Street. That of course means Leo's Bagels. Not sure which I like more, their bagels or their coffee.
Listening to the financial news, it is obvious I have missed many opportunities this year. INTC had great earnings last night, I was so stupid to sell what I had called 100 times a core holding in the $24 range. Then I saw IGT is getting bought, I had bought them on that basis and then settled for a small profit. So my selling this year has not exactly been well-timed.
As I kick myself, I should mention I am taking a course on Social Psychology this summer through Coursera. I was reading the text book last night and they commented that things are always obvious in hindsight. But getting things right in real time is a lot tougher. Otherwise we'd all be millionaires! I encourage my 33 followers to check out Coursera, it is pretty neat. The course I am taking is being taken this summer by 143,000 people!
The Struggle Is Real
I continue to struggle these past two weeks as you can see to the right. I did get good news on BAC this morning (Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion, or $0.19 per Diluted Share, on Revenue of $22.0 Billion). That should cause my warrants to continue to climb towards a great price with my 2019 target date.
I also got good news on IBM in my kid's college funds (Daily Report: Apple and IBM Form ‘Landmark Partnership’ on Business Software).
Hi Ho, Hi Ho, It's Off To Work I Go
Off to work. At some point my portfolio will bounce back. Still doing well in the larger scheme, I am up 11% on the year and am beating the index by 4 points for the year. Road bumps do occur from time to time. One can always use hindsight to see how one could have done better.
Posted by Marsh_Gerda at 7:23 AM