Risk Disclaimer

The positions in this portfolio are incredibly risky and extremely volatile.

No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).

Carnival Cruise Lines (CCL)

Carnival Cruise Lines (CCL) didn’t just miss on earnings this week, it completely wiped out, disappointing investors who already expected a loss by losing even more money than anyone expected. As a result, Carnival was slammed to the tune of -21.49%, leading the way for the entire portfolio as the Week’s Biggest Loser.

Don’t buy until you see the whites of their eyes…

For many investors, getting themselves just to pull the trigger to buy anything during a selloff can be excruciating for fear of losing money. For me, it’s not buying until the stock hits my price target. 

Whenever the market sells off in a spectacular way, I try not to watch my positions too closely, otherwise I’ll be tempted to not trust my own analysis and buy a position earlier than I should. In other words, I’m worried that my positions won’t sell off enough and I’ll miss the opportunity to add when a stock’s “on sale.”

I know that can seem counterintuitive to most people since selloffs tend to make people want to avoid losing money. However, for me, I get excited when I see a massive red day in the markets because I look at it as the market having a sale with all of my favorite merchandise being sold at discounted prices.

So, not making any buys this week was certainly tough. There I am watching everything sell off, but the Speculation in Play portfolio simply didn’t sell off enough.

It’s all good, though. We’re nowhere near the seasonal weakness in the markets and October’s shaping up to be bringing the red… just in time for Halloween.