REITs - Real Estate Investment Trusts - Info & Discussion: Re: Re: Re: oops, there goes my REIT

» allancoleman - Re: Re: Re: oops, there goes my REIT

In response to message posted by radiodude:

radiodude ,

i used to think investing was forever . i own the fidelity magellan fund ( FMAGX ). it was over $ 145 a share . it has now struggled back to $ 101 a share . i may NEVER get back to where i was before this secular bear market began if we are in a cyclical bull market rally now and the secular bear market resumes later this decade .

i own the gateway fund ( GATEX ) . i paid $ 23 a share for it because i was going to throw more money into the market in 2001 because " buy on the dips " . i watched it go to $ 18.50 a share . i've now struggled back to $ 23.49 a share with alittle bit of profit to show for three years of investing . you think i'm going to ride this puppy down again ? ?

both of these funds have really done well in this cyclical rally and i'm in no hurry to sell either one right now . but i certainly don't intend to ride them down again .

forever ? ? i've removed that word from my investing vocabulary . it's not a question of market timing . it's a matter of protecting your profits and putting your money in other asset classes . mdorsey on the bond forum is STILL showing people that bought and held the s & p 500 since december 31 , 1999 as being underwater at this time in SPITE of this excellent rally we've had this last year .

as i said before it's YOUR money . as for me , with MY money , this second go round i'm going to watch it alittle closer this time . fortunitely we're only talking 10 % of my asset allocation . the rest has continued to show positive returns . but just think how much better i could have done if i had protected my profits .

just my feelings .

-- posted by allancoleman