Twenty Ten

Happy New Year to all who may have stumbled upon my blog. We seem to be starting the year off confused, unsure whether to call it "Two thousand ten, Two thousand AND ten, or simply Twenty Ten." I like Two thousand ten, but then again, how retarded would that have been if people back in the day said "Nineteen hundred and ten," or worse, "One thousand, nine hundred and ten." But then again maybe they called it "One thousand ten" back in 1010. Woulda definitely been weird to have been alive then...but you know that's what people are going to say about the present day by 3010.

Ok enough of that tangent of a topic. Onto something more relevant, I just remembered that I had joined Covester once upon a time, but never actually initiated my account tracking because the brokerage I'm using wasn't in their list of valid linked brokerages. Another problem I found with the site is that it didn't allow one to track options trades, so I was pretty limited in what I could do. For those unfamiliar with Covester, it's a website that allows people to sign up to directly track their portfolios trade by trade, enabling accountability and perhaps rewarding top performers in the form of subscribers or recruitment into professional trading. I'm not sure how their formulas work in terms of rating (account size needed, length of time before you start showing up in rankings, etc), but I might give it a shot. It might bring back more competitive juices within me, which could have unknown but hopefully positive consequences. From what I can tell, the best returns through Covester occur from trading outlandish penny stocks. This is something I've never done and may be somewhat akin to trading options in the perceived riskiness of it all, but I definitely do like the lack of time decay.

I'm starting off the new year reading When Markets Collide by Mohamed El-Erian. Sounds like a pretty insightful book that discusses current market dynamics from both an investing and policy standpoint.