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Saturday, Nov 20, 2004

7:15 Talk with Mike about trip so far
7:30 Yesterday while sailing, I was thinking some more about a personal managed account. First of all, I realized that I didn't take into account the possibility of the market falling further when I invested in those risky PNO shares

Sep 2000 first investment market falls further due to Bubble
May 2001 second investment Sept 11, 2001 attack on WTC
Feb 2002 third investment Corporate scandals of 2002 War in Afghanistan War in Iraq + High Oil Prices
Summer 2003 Market finally bottoms for now

In other words, I didn't let that stop me, unlike what I wrote that morning before getting up yesterday. This reminded me that I was investing in PNO because it was meaningful to me, and I recalled the advice to "Invest in what you love." Would I "love" using a personal money manager to seek out risky equities? I doubt it. I'm curious to compare small cap growth 7.06 small cap value 14.12 over next 10 years. Small cap as whole 11.89

Now it dawns on me again that I could just invest in junk bonds if I wanted to direct some assets to risky companies. Use a bond fund for this. But I'm not in love with this either. When I was reading "Spirituality of Imperfection" yesterday after sailing I picked up on the admonition "Pay attention to yourself." This morning I realize I have a fairly full plate for the next several months.