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Reply to @ron: Well said. Can't escape presence of smart phones, Blackberries & IPads connected to the web. George Orwell would love it. (from a literary perspective only)
Geez - Daily swings of 1 or 2% are common in equity markets. Probably more so in the "emerging markets" variety. A well diversified portfolio of funds may swing half that much in a day. If you're long term focused and only taking small yearly withdrawals - or none at all - don't see the concern. Won't dismiss the potential for really catastrophic markets like we witnessed in '08 & '09. However the 6.9% drop in one market you cite hardly fits that category. So, I'll rephrase the old cliche to read: "If ya can't stand the heat, put her all in bond funds" - advice you seem to have followed & have done very well by. Regards
Comments
- These types of movements go with the territory.
Regards, hank
I do not like these numbers at all.
Shanghai (-1.51%) .....internal Chinese market, YTD= -6.9%
Hang Seng Index (-1.13%).....external access to Chinese market, YTD= +15%
S&P/ASX 200 (Aussie) (-1.53%).....YTD= +8%
Nikkei 225 (-0.18%).....YTD= +2.4%
TSEC (Taiwan) (-1.81%).....YTD= +.9%
Take care,
Catch