Below you will find pages that utilize the taxonomy term “Passive Investing”
Hindsight is always 20⁄20 and today I want to review a BIG mistake I made to a long position in XLV. This is a mea culpa post that further reinforces my belief in passive investing. In some ways, these ‘where are they now’ posts are very enlightening and you can only do this if you’ve been blogging for as long as I have.
Back in 2007 In May of 2007 I posted about going long in XLV sometime in January 2007 for a price of about $34 a share.
Back in 2007 I thought I had a great trend following system. I was feeling pretty smug about the direction that my AI trend models were giving me (because it was up). Little did I know that I was just lucky. The markets were trending upwards and I was riding their coat tails. So it’s fitting that to revisit my FXI calls from 2007 and see where are they now.
I’ve written about this countless times but I’m a big fan of passive investing in the markets. By doing less, I actually gain a lot more in returns. That’s all great and wonderful but currently it’s not ideal for me. What I really want to do is turn that passive investing into passive income.
So even in their golden years, they have to budget carefully.
Passive Investing !
Passive investing saved my life in many ways, but not in the way you think. It didn’t swing from the trees like Tarzan and snatch me away from a charging Rhino nor did it give me a Flu shot. It did it in two main ways: Saving my time and avoiding costly mistakes. How? Read on my friend, read on.
I know many people that lived through the Real Estate boom and implosion in 2008.