[quote=desmond]”I’m out this morning. $66.9. We’re back about 9000 (for now)”
I am much more interested on how you lost over $400k in your wife’s account.[/quote]
Not my wife’s account. My own..
And it’s pretty simple….All my “passive” accounts (401k and post tax vanguard accounts) track all the major indexes (S&P,international indexes etc), and I never touch. Indexes are down approximately 38-40% from peak. That’s what I consider a loss. Yes, I know, it’s probably an overstated loss, because one never ever sells at peak. But still…Cost base wise, it’s probably closer to 20% loss. But I like to consider having a bigger loss, because I’m a massocist. Feel the pain…Yeah…Wheee…
I never thought active management would do better than passive management, because I generally stink at active management.
My wife probably lost less, be cause she has more cash positions and precious metals. Didn’t look at her account.
