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.

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Marcy Brown 10 years ago Member's comment

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

Alex Filonov 10 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.