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June 2010 networth

June 28th, 2010 at 06:27 am

If my month could be summed up in one catchy phrase, it would be "Easy Come, Easy Go". I might as well have a catchy slogan, because it's turned out to be the biggest beating I've ever taken in a single month.

This month alone, I've lost 6% in net worth. Frown

What happened? Basically, this is what happens when you take lot of risks. You can make a lot of money fast, but at the same time, you can lose a lot of money fast.

I also spent a large chunk in unexpected expenses (for my son's braces), but I can't lie: Most of the damage was self-inflicted in stock trading.

Sooo, I guess it also doesn't help then that I've also gotten my qualification letter to go into options trading. Big Grin Again, I aim to be super safe and tread very slowly into it, but yeah....

Now if you'll excuse me, I'm going to go drown my sorrow in southern sweet tea.

2 Responses to “June 2010 networth”

  1. Joan.of.the.Arch Says:

    Ooh, bummer, but you know the answer is not in drowning yourself in that sweet iced tea! I'm from the south, too, but that stuff is just brown Kool-Aid. Wink The way I remember it, the same homes that served Kool-Aid to the kids served equally sweet iced tea to the adults.

  2. baselle Says:

    Bummer. But when you allocate, you are really allocating risk. It sounds though that while you are bummed, you've thought about your risk tolerance and know what you want to do if things get worse.

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