2014: My So-so Year

Honestly, I sucked. My main investment accounts grew 3.2%. Shame on me. Retirement accounts did a little better, in line with S&P 500. And fixed income account had a stellar year: almost 20%.

Lessons learned:

First lesson: Don't chase performance. Ever. I had pretty good 2013, and thought what worked then would work in 2014. Wrong!  I bought a lot of stuff in the beginning of the year, which didn't perform.

Second lesson: Think twice or more, before buying any transports. I bought Diana Containerships (DCIX) in 2013, it was one of my worst investments.

Third lesson: Take at least some profit when you have it. True, I traded around Polaris (PII), but possibilities were endless and I didn't use most of them.

Last but not least: My European investment didn't work. I think they still deserve a chance.

 

Full disclosure: I have a long position in PII, no positions in DCIX and long positions in several European stocks.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Marcy Brown 9 years ago Member's comment

More details? What were your European investments? I am trying to be more global in my portfolio.

Alex Filonov 9 years ago Contributor's comment

Current European positions:

ARMH, EADSY, HSBC, LRLCY, NSRGY (retirement account only), SAN

Usual disclaimer: I don't recommend anything, just communicating what I do.