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Thread: 2010 A Look Back

  1. #1
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    2010 A Look Back

    What mistakes did you make in 2010?
    What did you learn in 2010?
    Did you achieve your goals for the past year?
    What disappointed you?
    What surprised you?
    What went right in 2010?


    On the forum what thread did you like in 2010?
    Anybody on the forum stick out as doing a good job in 2010?
    Anything you consider memorable on the forum in 2010?


    My mistake in 2010 was being to bearish with to much company and missing out on some good gains.

    I did learn to take losses quickly and accepted when I was wrong quickly and didn't lose a lot of money because of it.

    I did achieve my goal of learning to trade and trade better but still need to work a lot on it.

    Not getting a nice correction in the fall of 2010 was disappointing because I was hoping for a buying opportunity.

    Holding a gold fund and trading HGU and TMM went very well in 2010 and I also did well trading HNU in late 2010. I however also had my biggest loss on HNU at the beginning of 2010 because I bought to much and held it longer taking a bigger loss then I should have.

    The size of the rally and the extent the Fed went to after 2010 really did surprise me.

    My first business here about the forum is I would like to thank first of all CanadianCapitalist and in second spot FrugalTrader for doing and great job on the forum in 2010. You guys kicked ass dealing with the spam and participating as well.

    On the forum I like the thread "Young generation in trouble" by argos1 in the real estate forum for some reason.

    Four Pillars I would have to say did a good job on the forum. So he gets my vote for 2010.


  2. #2
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    What mistakes did you make in 2010?
    1. Buying a new car

    What did you learn in 2010?

    1. Read lots of books about investing and retirement

    Did you achieve your goals for the past year?

    1. I believe so.

    What disappointed you?

    1. Some dividend stocks we hold were non-spectatular in price appreciation.
    2. Believing the markets would not beat our high mortgage rates by much, even after tax.
    3. Not maxing out my rrsp.


    What surprised you?

    1. The rally that started in Sept. S&P returning 15% with dividends. TSX doing almost the same.

    What went right in 2010?

    1. Buying some stocks in August. Selling $30K+ bonds in Oct.



    On the forum what thread did you like in 2010?
    1. Can't remember

    Anybody on the forum stick out as doing a good job in 2010?
    1. Pretty much everyone

    Anything you consider memorable on the forum in 2010?
    1. Nope.


    Quote Originally Posted by dogcom
    I would like to thank first of all CanadianCapitalist and in second spot FrugalTrader for doing and great job on the forum in 2010. You guys kicked ass dealing with the spam and participating as well.

    Four Pillars I would have to say did a good job on the forum. So he gets my vote for 2010.
    Suck up!

  3. #3
    Senior Member Toronto.gal's Avatar
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    What mistakes did you make in 2010? - necessary learning mistakes, so actually they served a purpose as they have made me a better investor/trader! But if I had to name one, it would be the fact that I did not utilize DCA in the 1st part of the year as much as I should have; I rushed a bit thinking the economy was better than it was.

    What did you learn in 2010? - so much because I read a lot, but the most valuable for me were 1) the incredible global opportunities that market volatility offered and 2) not to believe everything that's written, no matter the source!

    Did you achieve your goals for the past year? - not quite all of them, but they'll just get carried forward to 2011.

    What disappointed you? - the many buying opportunities I considered/studied [with respect to mining companies], but did not take and now they have grown x3.

    What surprised you? - about myself: my patience [as I have little of it], as well, my risk tolerance and how much I enjoy the business! About the markets: the huge jump in stocks in September and that the market behaved pretty much like a yo-yo, however, this is what opened my eyes to trading as opposed to just buy & hold! Oh, also how much governments lie! rolleyes:

    What went right in 2010? - picked good/common sense stocks!

    On the forum what thread did you like in 2010? - there are many informative posts & intelligent/kind/helpful participants!

    Anybody on the forum stick out as doing a good job in 2010? - those who do double duty, that is, the moderators!

    Anything you consider memorable on the forum in 2010? - not really memorable, no, but funny, yes and that would be certain disagreements!
    “Simplicity is the ultimate sophistication.”

  4. #4
    Senior Member Toronto.gal's Avatar
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    Quote Originally Posted by Jungle View Post
    What mistakes did you make in 2010?
    [LIST=1][*]Buying a new car
    Aren't you worth it? Hopefully you'll be problem-free for at least 10 years!
    “Simplicity is the ultimate sophistication.”

  5. #5
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    It sounds like a suck up but after what I have seen on other forums, the administrators here did a very good job. And toronto.gal was also on my short list for doing a good job on the forum.

    It also sounds like everyone was surprised by the size of the rally out of August.

  6. #6
    Senior Member MoneyGal's Avatar
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    I'm really grateful to the administrators for providing this space for these discussions. I really, really enjoy having a place to come and discuss all things financial (and recipes!).

  7. #7
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    Quote Originally Posted by dogcom View Post
    My first business here about the forum is I would like to thank first of all CanadianCapitalist and in second spot FrugalTrader for doing and great job on the forum in 2010. You guys kicked ass dealing with the spam and participating as well.

    On the forum I like the thread "Young generation in trouble" by argos1 in the real estate forum for some reason.

    Four Pillars I would have to say did a good job on the forum. So he gets my vote for 2010.
    You like me? You really like me??

    Thanks for the vote.

    I'll second the thanks to FT and CC for their moderation talents.

    I can't think of any mistakes I made this year, although I did realize that I have been too busy. That probably means that next year, I'll uncover all the mistakes I made this year.
    Mike Holman
    Money Smarts Blog Investing and Personal Finance

  8. #8
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    Mistakes:
    - Bought RIM
    - Sold RIM
    - Bought RESP for 17.5 year-old. Should have waited and topped his TFSA
    - Bought a car, did not sell cars I did not need
    - Bought an expensive, energy efficient HVAC, but ended up moving

    Learned:
    - MPT, risk management, diversification
    - CAD-USD RSP gambit
    - TD e-series ROCKS

    Goals Achieved:
    - Developed an asset allocation and modified portfolio to reflect it
    - Moved all investments to TDW to get the trading discount
    - Maxed TFSAs

    Disappointments:
    - ARE, JNJ, Europe
    - no savings

    Surprise:
    - TFSA +35%
    - Edmonton insurance, property taxes and utilities costs

    Went Right:
    - TDW service
    - mortgage broker
    - moving to a great new job
    - CHL.UN, T.A, BNP.UN, MRD, CTC.A, TRE

  9. #9
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    Mistakes ,ignored tip on REE, went from $1.45 to $14.50.

    10,000 shares bought at $14,500.00 would now be $145,000.

    Next time, I'll listen.

  10. #10
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    I wouldn't worry about missing one like REE. I have owned and sold many small companies that could have been 10+ baggers for me.


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