>>Ouch, mama, hurt me! And if I were to guess, it would take a few year's of active savings to make up that passive loss<<
Look, Jay, this is not a "mine's bigger than yours" thing, but the Ben Graham-ish securities and money managers where/with whom my money is parked delivered very solid double digit returns in 2000 & 2001, so save your (crocodile) tears.
I truly didn't expect the DOW to break below 9,000, but in any case, as I have mentioned before and will risk boring you with again, what works for me is active management, but on a multi-year timetable. The ONLY thing I have done this year is throw one good chunk of cash into equities about two weeks ago (GM, YUM & a few others).
Finally, I don't believe we've hit the perfect financial storm. No more numerical predictions from me, but I think that at year-end things will look different. |
