2008 trades gone bad posts

Feed

2008 Trades Gone Bad: 5 moves that hurt this year

Whether a novice or a pro, we all may mistakes investing.

Sadly, for many of us, 2008 proved to be a year rich with bad options and negative results -- or, as I prefer to call them, learning opportunities.

Here's a review of some of the most painful learning opportunities in 2008:

#1 Going long the specialty retailers: If you made a bet on the specialty retailers leading up to the first $600 taxpayer rebate stimulus package, you got hammered.

#2 Betting on the China bull: Several ETFs that gave investors indexed exposure to Chinese stocks saw their values get hit for as much as 70%.

#3 Buying non-durables: Seems the kitchen and bathroom stocks didn't work this time around.

#4 Buying financials: Buying the financials while the Fed was aggressively cutting interest rates was supposed to be a no-brainer.

#5 Betting on peak oil: Crude is now trading around $40 -- down $107 per barrel in less than six months. Unbelievable!

Symbol Lookup
IndexesChangePrice
DJIA+33.6012,529.75
NASDAQ-10.742,839.38
S&P 500+1.821,320.68

Last updated: May 24, 2012: 11:51 PM

Hot Stocks

General Electric

19.25+0.07(+0.36)

Alcoa

8.63+0.02(+0.23)

Apple Inc

565.32-5.24(-0.92)

Google Inc 'A'

603.66-5.80(-0.95)

Bank of America

7.14-0.03(-0.42)

Wal-Mart Stores

65.07+0.49(+0.76)

Exxon Mobil Corp

82.61+0.57(+0.69)

Ford

10.59+0.18(+1.73)

Citigroup

26.66-0.49(-1.80)

IBM

196.09-0.03(-0.02)

Yahoo

15.35-0.03(-0.20)

Starbucks

54.76-0.53(-0.96)

Microsoft

29.07-0.04(-0.14)

Home Depot

49.71+0.97(+1.99)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1337917861246 ms.