Lessons learned in year 2013 investment

1. I need to buy/sell both in piece wise fashion

2. Investment in MBIA, I should not wait for the final stock price to reach the intrinsic value, when close to 90%, I should sell it. This is a 20k non realized gain = loss.

3. I need to pay attention to buy/sell in large portfolio as small portfolio, should not ignore small portfolio.

4. I should be bold enough to sell and wait and then buy in my 401k and HSA funds when I really sense the upcoming bad events.

5. Lesson learned from BAC sell, I forgot to check the earning report calendar. Since the stock price was flat for all year in 2013, i was afraid that the will be no jump in price when there were two weeks left before option expiration. I need to follow both the earning report calendar and economic calendar in order to find the in and out points – this is a $50k non realized gain = loss. I should sell it in piece wise even though I was scared.

6. I should always keep eye on the economic calendar and earning report calendar so to determine the entry and exit points. I missed about $ 100k opportunity on this.

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
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