Taking an aggressive stance
Name: Matthew Miller
Age: 30
Hometown: New York, NY
When I saw how much trouble Fannie Mae and Freddie Mac were in last September, I knew things were going to turn really bad, really quickly. The only other time in history that residential real estate tanked was the Great Depression. So I cashed out.
But by December, rock bottom prices on large equities, specifically distressed companies, made me want to jump back into the market. Though it wasn't the bottom, I aggressively bought all the way through March. Since then I've just been lightly trading.
As of the March lows, I was down 20%, but one year after Lehman, my portfolio is up more than 90%. The stocks that helped the most are Rite Aid, Unisys, Freddie, Fannie, Simulations Plus, Sirius and Ford.
Going forward, I plan to hold onto if not buy more of the losers and hold or sell the winners.
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