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Dog portfolio doing well

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If only we could time the market perfectly. As Pace shoots up it is now almost back to par for me. RM effectively halved under me as I bought into my position then rebounded into profit and Game fell a third before a recovery to trail single figures behind. Im pretty sure they will be fat winners in some distant future, but even bit of better timing would have bagged a fat profit on all these companies.

© Image copyright n0ssc
My dog portfolio is doing well again today.

Yet you have to accept you can’t time the market. 2008’s big winner for me was Menzies, a 5 bagger. It could have been a 10 bagger as it halved after I loaded up. It went from nuppence to next-tonuppence then shot up back to old levels. So I have to forget the lost 500% profit as I’m good but not that good to catch the bottom of the bottom.

I simply rely on the belief my stocks are stupidly cheap and that while a couple might fail others will double and triple and on balance leave me a 30% or so annual return. While I continue to miss the bottom and bail out to early I will console myself with that prospect.

Clem

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