Small time investor

I've never written anything regarding investing on this blog and I think it is time to do so considering that we are in the middle of a readjustment phase in our economy. I want to make it very clear to everyone that I've made mistakes on investing, but have learned from them over the course of ten years. In saying that... do not regard anything as I say as an expert opinion as they are only personal thoughts.

BUY the heck out of stuff and watch your investment grow. Enough said?

Realizing the fact that my shares are right now in the dumpers, I recently decided to take action on one of the companies I own. That company is Washington Mutual. It is currently 80% down from where I originally bought into it at $39.50 +/- a share a few months back. I picked up enough shares recently at $10.50 to cost average my investment to just under $18.00. Therefore, I am only a few dollars away from breaking even. I know it's a tough pill to swallow, but like Starbucks (bought in at $32.50 +/-) is also in the dumpers as well sitting in at the under $18.00 mark as well. It's a buy and hold time right now, and my advice is to buy what you can and hold onto it unless you really need it.

So here is my current portfolio information for everyone to very from tis date forward with a full report on the negatives as well.

200 Shares - SBUX at 18.05 = Value at $3610 (down $2890)
100 Shares - WM at 12.19 = Value at $1219 (down $572)
Cash account = $85
Cash put in 2008 = $670

Original value of portfolio = $9046
Current Value = $4914
Gain/Loss 2008 YTD = (54.3%)

That my friends is a hefty loss so far, but mark my words, it will be recovered.

As for the future operations of my investments I am currently looking at the REITs, Casino operators, and the Big Name companies that I would currently use in my daily life (per the Motley Fool). Meaning I'm headed back to my roots and old phylosophical style of investing (meaning brick and mortar companies).

Let me tell you right up from that I'm not selling SBUX or WM anytime soon as I believe in these companies and know that I'm in it for the long hual. I hope that investors out there are in it for the long haul as well.

Take care.