Eat That, You Average Fund Manager!
The numbers are in, and in 2008 my total portfolio return was...
+2.5%!
Yes, I beat the SP500 by some forty percent, and had a positive return in the second worst year in American stock market history. All my sitting on my hands, carrying stupid amounts of cash and patiently waiting finally paid off. I didn't escape all the volatility, what with the buying frenzy during October and November. I simply refused to look at the numbers on the worst days.
Did your manager do this for you?
Technorati Tags: investing, money management
Labels: investing, money management, portfolio, positive return, risk
posted by Alex Khenkin at
Tuesday, January 06, 2009
1 Comments:
So how are you doing in 2009? Were you lucky enough to take advantage of the early March bottom? I have averaged out to just under 10% in the red so far, largely due to some poor early decisions and reluctance to sell for a loss.
By
Perry, at 8/14/2009 2:59 PM
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