Big and Rich Investment: Getting robbed by the banks...CFD blowout

e shtunë, 2 qershor 2007

Getting robbed by the banks...CFD blowout

After chatting to a trader this morning I realised that I was far to over exposed in the banking sector (4 lots of bank shares) and even though I would make a loss if I sold, it would be better to make a loss now, free up the capital and buy a share with a chance of increasing in value. With possible interest rate hikes in the not to distant future in South Africa, the banking sector has little chance of recovering short term. So I sold 3 bank shares, holding one (which I think has a chance of slight recovery) and bought some other shares, and already I am up over all.

Why sell at a loss? So that I have the ability and capital to take advantage of other sectors that are increasing in value. My theory...small positions with small upward moves, banking small profits consistently.

1 koment:

Anonim tha...: Keep up the good work.; 10 nëntor 2008 në 4:04 p.d.

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