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The world lost 66 billionaires in the past 8 days from the market melt.....
@Old_Joe Well, I know you're better with your picks than many; so your portfolio will remain in the upper 15th percentile when viewed against all category averages at M*. Tis where we find ourselves, so not too disappointed; although I never like to give back money. @bee The part about the "Thousandaires" bothers me to the extent of folks leaving the equity markets again at perhaps the wrong time; and/or no re-entry. There is already monies leaving from drawdowns by the older "boomers". Just don't know if this "correction" is a burp from the big profiteers or "other". I watched too much of the other for several months before selling in mid-2008. Not a fun situation to view, eh? IMO, the economies are not in the same place as 2007. And the young ones shaking their heads again..................
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Regards,
Ted
Thanks Catch. I feel better now.
A billionaire's 10% loss equates to $100 M or,
-the net worth of 100 millionaires...yow-ouch!
A millionaire's 10% loss equates to $100K or.
-the net worth 100 thousandaires...ouch!
A thousandaires 10% loss equates to $100 or,
-the net worth of millions 26 year olds (or younger)
Nice to feel young again!
Well, I know you're better with your picks than many; so your portfolio will remain in the upper 15th percentile when viewed against all category averages at M*. Tis where we find ourselves, so not too disappointed; although I never like to give back money.
@bee
The part about the "Thousandaires" bothers me to the extent of folks leaving the equity markets again at perhaps the wrong time; and/or no re-entry. There is already monies leaving from drawdowns by the older "boomers". Just don't know if this "correction" is a burp from the big profiteers or "other". I watched too much of the other for several months before selling in mid-2008. Not a fun situation to view, eh?
IMO, the economies are not in the same place as 2007.
And the young ones shaking their heads again..................
Take care of yourselves,
Catch