Maybe two years ago a financial advisor took a look at my portfolio and recommended “rebalancing” it.  Me?  i liked it the way it was, but he made a compelling argument for diversifying my holdings.  And since “diversification” has always been rule #1 with me, I went along with it.

Originally I had some money tied up in a great little company who repairs and maintains oil equipment on the gulf coast.  I did ok with them after Katrina kicked the oil industry around.  So he split that up in to several blue chip stocks whose reliability was unquestioned:

Bank of America: I lost 85% of my original investment

Federal Express: I lost 60%

And that original company?  Well, it stopped shooting through the roof and since I split my holdings up its worth $57 more.

Oy… that advisor couldn’t have known what would happen, but I really regret not staying with my original inclination.

Tags: Family, Misc, Politics //