I hope they're not sizable proportions of your overall portfolio.
You guys seeing this late spike in the markets? Crazy ass market.
Hah I feel your pain SkinnyGoomba. I only have one oil position (FCX) and it's getting beaten down harder than any stock I've ever witnessed. I can normally handle volatility, but today's dive-bomb made me ill.
Is anyone else stuck with an FCX position, and if so, what do you recommend? Normally I feel fine about riding it out, but the price seems to be getting dangerously low (especially with the amount of debt they hold), and the commodities market doesn't appear to be improving anytime soon.
For the record, my cost basis is approximately $6.50
My discretionary portfolio is about 25% of my overall portfolio. That 25% is down about 30% overall, since many of my picks, such as GE and GM have done well, I harvested some (bought and sold my TDW position twice for a 50% profit each time) and my mREITs have provided a positive return overall.
That said I don't have that much invested yet. I moved and furnished a new place so that ate up much of my cash reserve, so hopefully my future returns will be far better.