Thursday, December 31, 2009

Crazy Year, Great Year!

This was a crazy year. We had S&P 500 at intraday 666, and the year ended at 1115. Everybody predicted doom and gloom (I wasn't very cheerful either), but we are doing just fine. Economy is growing, unemployment is tolerable, stock market is shooting up like a rocket.

I ended this year with rate of return 51%. Good, albeit not enough to cover last year losses. The main lesson from this year? The majority is usually wrong. Almost everybody thought that rally, which started in March, was a bear market rally.

This year I do have a resolution: take more risks and be not afraid to go against the crowd.

Coming up soon: yearly portfolio review.

Seeking Alpha Certified

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