Friday, November 14, 2008, 09:24 PM
Losing less money is considered a big success on Wall Street. In the world of fund management, relative outperformance vs. a benchmark is the focus, but any individual who is struggling to only lose 30% or so vs. the 37% that the S&P 500 has lost is going to barely survive.
James “Rev Shark” DePorre
Chartz and Table Zup on www.joefacer.com.
Birthday, shutdown @ work and upcoming track day @ Laguna Seca. I'll post when I can.
UPDATED 11/20
LAST WEEKEND WAS A WEEKEND LIKE BACK WHEN I WAS RACIN'. EVERYTHING STOPS AND I PLAY KETCHUP FOR THE NEXT WEEK. I'VE GOTTEN THE LETTER FROM THE HALL ABOUT THE NEW FUNDZ AND THE CHANGES TO THE BALANCED POOLED FUND. IT'LL ALL BE ROLLED INTO "HOW I RUN MY 401a". RESUMING THIS UPCOMING WEEKEND....
Stay tooned for Part 2 of How I Run My 401a
Part 1 of How i Run My 401a is here... http://joefacer.com/pblog/index.php?m=1 ... 107-195005
I'm hearing more and more tales of major damage being done to retirement funds of friends, and brothers and sisters. THAT PISSES ME OFF!!!!! It didn't have to happen.... A buddy who I advised to go to cash in January said he talked with a buddy who lost a huge amount. He told me that, "After hearing how much he lost, I didn't have the heart to tell him I only lost about a thousand..."
CLICKIT!!!!!
CHECK OUT THE CHARTS ON MY SITE. IF YOU THOUGHT LAST QUARTER WAS BAD, BRACE YOURSELF FOR SOME SERIOUS SHIT. PASTE THE RESULTS ABOVE FOR THIS QUARTER ON YOUR LAST STATEMENT. IF YOUR STRATEGY IS "DEER IN THE HEADLIGHTS", IT MAY BE TIME FOR A CHANGE.
CLICKIT!!!!
THE NUMBERS MAKE YOUR HEAD SPIN. THE BALANCED POOLED FUND HAS RETURNED ZERO FOR THE LAST FOUR YEARS. READ IT AND WEEP SAYS IT ALL. WHO IS GOING TO EXPLAIN THIS TO YOU?
STAY TOONED.......
[ view entry ] ( 946 views ) [ 0 trackbacks ] permalink ( 3 / 1059 )