Digital Dave

Just a quick update. I do not have the assets that I need to put together the development page, so I’ll be waiting until next week before the site is fully finalized. I did not realize I did not have my projects on this external hd I brought home.

So, if you are an investor, you are on this roller coaster ride. I’m fairly new to investing, having taken fully control of my portfolio back in march. Just a few weeks ago, my portfolio was sitting at a 16% gain. And, now that is irrelevant. It just amazes me on how the effects of this credit crisis affects the entire market like this. Sure, if it is difficult to get money, it’s hard to spend money, which doesn’t bring in the money for companies. And… That pretty much kicks profitability down the drain, thus giving no reason to own the stock.

But talk about a mind game. You don’t want to sell in a crisis like this. It’s difficult to look at the losses, but once the market finds it’s correction spot, then the train will be in motion again. I can’t pretend to have the experience of going through something like this, but I can’t also see any reason to sell my investments right now, even though those 50% gains are now sitting at a fraction of that amount. I’ve invested in solid large cap companies (grmn, pcu, mrk), and a small cap natural gas company (clne).

This does make for a good buying opportunity. It’s unfortunate that I’m a student, not generating a whole heck of a lot of income. But, I do have some cash on hand that I forked into the portfolio, and am now just sitting tight for an opportunity.

So, what happens now? How does a market fix itself from here, to send those indexes up, instead of down? Is this the fault of investors? Should the fed step in and lower rates? I mean, they’ve forked in billions of dollars into the markets. I think that if this trend does continue, they will have no choice, but to raise the rates. They need to. DOW down over 1000+ points in less than a month. Credit problems, and a freaked out economy.

It is fun to watch the attitudes of the people that work for CNBC. You can tell the pains that they all feel while they are reporting. Getting snippy at each other and such. I’m definitely not alone. But, I couldn’t imagine dealing with a MUCH larger portfolio than I deal with. Looking at THOSE kinds of losses would be brutal. Those mutual fund managers that are down billions of dollars…

Is it sadistic to think that this is fun (in a way)?