Smug is Better
I was feeling pretty smug.
After tallying up comparative results for the fourth quarter of 2012, my personal assets gained by 7.2% versus a loss of 1.3% for the S&P 500. In fact, the smugness really showed itself when recently publishing the trading results for my "Option to Profit" subscription service.
But those results were so "yesterday."
The numbers were good, but had really nothing to do with stock picking prowess or incredible insights. It was more about an indecisive market. In fact, if I'd bothered to really dwell on things, I'd have just looked at the early part of the first quarter of 2012 when instead of feeling smug, I was probably feeling like an idiot, but for some reason didn't find myself advertising that fact. Back then, the market knew that it wanted to go higher without me.
Take it from me, unless you're on the receiving end, smug is better. Much better. As funny as it may be to ask "But what have you done for me lately?" quite the opposite, it's not that funny when you are on the receiving end.