Following along the premise of the Worcester T & G, AP, and Reuters, I have been keeping track of the losses in my investment portfolio due to Scott Brown being elected Senator from Massachusetts.
By January 21, I had lost $16,685 (on paper).
I won’t know the extent of my losses today until my mutual funds evaluate their portfolios.
See Reuters Confabulates, Too and Mass. Senate race affects market for the precedent that I am following.
By January 22, I had lost $26,380 (on paper).
The number would have been worse had I not made a trade that prevented a $700 loss.
At $8,000 to $10,000 a day, in one year I project a loss of $2,000,000 in 200 trading days. Very alarming. 🙄 I am so glad there are weekends and holidays when the market is closed.
Well, the weekend is over and so is my Scott Brown losing streak.
On January 25, 2010 I made back $7,500 (on paper) of my losses (on paper). Making a new projection using Friday’s projection method, I should make $1,500,000 by a year from now if the next 200 trading days match this one. 😉
I won’t bother to update this post any further.