ASX: Wiped Out

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I suffered paper losses of $9,849 today. Biggest one day loss for me.

I was intending to use that figure as a future PIN since I probably won't forget it for quite some time but seeing as I've just posted it here that's probably not a good idea.

Am mildly worried that my margin loan will get called if either the market continues dipping heavily, or Comsec decides to adjust their LVRs. I guess if that happens I'll have to sell some stock at heavy losses. I'm guessing that is what is happening to a lot of folks right now given the irrational heavy selling that dominates the market.

I'm reminded of my favourite investment related quote by Keynes: The market can stay irrational longer than you can stay solvent.

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This page contains a single entry by goosmurf published on January 22, 2008 7:31 PM.

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