Sunday, January 3, 2010

The Year That Was (11)....

2008 was a good year in terms of pakdokter's investment portfolios and pakdokter was lucky in having mostly cashed-out quite timely some time in August of 2008. However as the market crashed in late 2008 into 2009, pakdokter had somewhat re-entered the market rather prematurely and was forced to stay at the side-line for most of the year in 2009 , watching the market initially sliding downwards but started exiting and cashing out again as the market crept up all year while hoping for the 'corrections' that many analysts spoke about.



But the 'corrections' never came.......


Pakdokter can only take comfort in the fact that in the year of 2009 even great guys like Warren Buffet saw his portfolios shrank quite significantly.


Pakdokter's investments in Mutual Funds also took quite a beating! Most of the Funds shrank by between 50% to 30%. Pakdokter could not help but noticed that the many 'so-called' Mutual Fund Consultants who were always calling up in 2008 suddenly all became quiet and disappeared from the scene in 2009. They all seemed to be only 'friendly' during good times but when the market went down they appeared to be afraid to make an appearence. Pakdokter resorted to 'dollar-averaging' throughout the year and thankfully towards the end of 2009 have more or less regained most of the initial investments into these Funds.

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