I've made my Vonage Losses Back!

I had initially invested $3000 in Vonage because I thought the idea of VoiP was a great one, and I thought they had real name recognition and an advanced lead in the market.

Boy was I wrong....and the world began to crash in on my $3000 investment. I sold half of it about half way down and then by the time I sold the second half, my $3000 had turned into a nice small $2000.
(which was easier to fit into my pocket for sure....but that's hardly a GOOD thing when it comes to investments)

So I set along to make my money back.

I decided that I needed to invest in a higher risk item, and that a Chinese stock would be just the ticket.

Well, I chose CHU (Chinese Unicom) and FXI (a Chinese IShare of 25 stocks).

Well, I am happy to say that the value of my investment as of today is $3032.95....so I am back in the money again! in fact, on about July 23rd, my investments here were worth $3436.....so I actually missed a nice high about a month ago. (But then I am more of a buy and hold investor with small reassessments every 6 months or so)

So I am sitting here reassessing once again....it is time. Should I sell? (or do I actually have much bigger fish to fry in my ever larger retirement account.....yes, I think I do. I will "let it ride" for now!)

It still feels good to make money.....

Putting the ca$h in my Scottrade account to work!

I think I mentioned that I had this small account in which I would trade. It started out as about $3000 about a year or so ago when I bought 100 shares of Vonage (VG) at $10 per share. (I thought it was a great buy at that price)

Well, the bad news about Vonage just kept coming out and it took a nose dive.....I dumped out of half of it a while back and noted here that I bought 99 shares of China Unicom (CHU) and about two weeks ago I dumped the other half of the VG at just over $7.00 per share and I was just holding it as cash.

Well, I was thinking of buying China Mobile (CHL) which has been doing pretty well...but I decided instead to buy a ETF called FTSE/Xinhua China 25 Index (FXI). It turns out this fund holds CHL as it's largest holding....about 9.78% of it's total holdings....so I still get good exposure to CHL after all.

I'm not sure how long it is going to take me to get back up to my initial investment in VG. Today my total Scottrade balance stands at $2,202.27. (including $2.49 in cash) I started with about $3000....so I'm still digging out!

Wish me luck.....