I just did the math, and from December 7, 2007 to today, October 24, 2008, I've lost around 24% in my retirement funds.
Remember, if your accounts decrease by 10%, you need to make more than 10% to break even. Thus, my portfolio has to go up 32% so I can get back to where I was in December 2007. Sigh.
Update on October 27, 2008: another blogger is in the same boat:
http://escapebrooklyn.blogspot.com/2008/10/sounds-good-in-theory.html
"And if an epitaph be my story, I'd have a short one ready for my own: I had a lover's quarrel with the world." -- Robert Frost
1 comment:
Wow, I was only factoring in my losses for the last couple of weeks. I bet if I looked back to '07 it would be even worse. I'm definitely too depressed to do that right now!
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