Ugh.

Well, this has been a bad week for the shotgun investor. However, it was much worse for the stock market as a whole. My recent purchase of the QID ETF even eeked out a gain. Unfortunately, the rest of my picks matched the overall market, and I essentially have been riding the market down. I will regroup and finish a new book with a new investment choice as soon as time permits.




I have decided to hold on to each stock for three months, then to cut losses or lock in gains.

Whales 1, Shark 0

So, the shark has lost. Per the last review, I dutifully bought their recommended stock, and placed a stop loss order on it. Not one week later, the stock tanked. Well, at least the stop loss kept me from losing more cash.

WFR just cost me 50 bucks!!!!!

Poor me.

Well, throw that book into the trash.

Otherwise, lets see where I stand. Since starting on October 29th, 2007, the S&P had a loss of 9%, while my scheme gave me a loss of 1.4%. This includes all commissions, but not taxes, as I am currently losing money (about forty bucks total). If it wasn't for the shark strategy, I would be up ten dollars.

Where am I now?

O.K., time for an update to see how the old shotgun investor is doing.

So, what with the stock market going to hell, lets see where I stand. Going from the initial account value of $5,000, I bought four investments.

I spent $2,013.52 for IOO, SAM, ASR, and WAG. Now they are worth $1,962.23

This takes into account a $7 commission per trade, but not taxes, because I lost money.

I started this whole shebang on October 29th, 2007.

In that same time, the S&P had a loss of 3.3%, while my scheme gave me a loss of 2.5%.

Whoopee!