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American Capital Agency Corp. Message Board

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  • hgff101 hgff101 Dec 6, 2012 1:12 PM Flag

    Sign of market sea change, the present situation.


    I cant get baggers with ETFs - only fractions. If you look at XLF for example,, its still well down from pre-crash levels, yet in mar09 we had a dream world of dart-board individual stock 10 baggers, some of which remain in many a portfolio just like back in the day certain albums were in everyone's record collection.

    With an ETF, even a sketchy tripleETF, I am not so sure I could have gotten the over-all 3.5x return that Ive done across the portfolio since the 09 bottom. Its hard to trade out of a lot of the names because they are virtually all capital gains at this point.

    I'm going to check the tripleETFs performance off of the mar09 doomsday bottom and see if maybe I could have been lazier. I do trade the triples some.

    People trade their convictions. If you have market timing conviction, you trade in and out and use derivatives. If you have 'fundamental' conviction, you buy and wait for the stock to reach your conviction price traget. And then in my case you hold too long because of the cap gains anxiety.

    In terms of keeping up with them, I've gotten used to it. it does take getting used to it.

    I dont use derivatives much because personally for me, its just harder to control cap gains with them.

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