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After over two weeks of watching my investment portfolio get pummeled, I decided to take matters into my own hands and try some market timing.  I sold six "safe" — actually, lousy — mutual funds that had been trounced in the market, and ploughed the money into Google (GOOG) and Apple (AAPL).  The funds were attempts to hedge against the domestic financial market, all 5-star Morningstar rated funds with moderate risk, high return ratings.  Some were international funds and hedge-type funds. They lost over 40 percent collectively since I bought them last fall.  Forget about being cautious.  I decided to go back to my tried and true friend, Google, and pick up some shares of Apple.  I’ve won with Google twice, the first time being when I picked up shares at IPO ($85) and made a killing.  Google dropped from $707 per share last year to almost $320 last week.  I picked up shares of both on the bounce.  While the financial markets will probably be volatile for the foreseeable future, these two companies are undersold.  My gut tells me to ride them on the bounce until they recoup my loss and then jump off.  I think it’s a good contrarian move.  While it’s not always a good idea to concentrate in a limited number of stocks in a volatile sector such as technology, there’s one rule that trumps this adage — sometimes it’s better to go with your gut.
 

Books by MG EdwardsMG Edwards is a writer of books and stories in the thriller and science fiction-fantasy genres. He also writes travel adventures and children’s books. A former U.S. diplomat, he served in South Korea, Paraguay, and Zambia before leaving the Foreign Service to write full time.

Edwards is author of six books. His memoir, Kilimanjaro: One Man’s Quest to Go Over the Hill, was finalist for the Book of the Year Award and the Global eBook Award. He has published four children’s picture books in the World Adventurers for Kids Series: Alexander the Salamander; Ellie the Elephant; Zoe the Zebra; and a collection featuring all three stories. His book Real Dreams: Thirty Years of Short Stories is an anthology of 15 short stories.

Edwards lives in Taipei, Taiwan with his wife Jing and son Alex. He has also lived in Austria, Singapore and Thailand. For more books or stories by M.G. Edwards, visit his web site at www.mgedwards.com or contact him by e-mail at me@mgedwards.com or on Twitter @m_g_edwards.

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