It’s the beginning of the year again. As usual people like to predict the markets, the economy etc. I don’t know how accurate will that be. But I know probablly half of them will turn out to be right 🙂 Predicting the general market and economy is not an easy job. But I think as individual investor we are not powerless either, at least we can do a few things:
1) Invest regularly (don’t buy all at once);
2) Do the homework, if we don’t have the luxury of visiting the company, at least we can read the 10Qs (quarterly report), 10Ks (annual report), pay attention to the product or services we used in our daily lives and work place;
3) From time to time, we can all summerize what went right, what went wrong;
4) Last but not least, be patient.
To be honest, I don’t know how the housing market will be, how the oil price will go, how my 401K will perform this year…but I know I will continue to pay down the house, put money into 401K, and waste lots of gas driving around for the “store reality checking”.