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Originally Posted by DAVES
We are all very uncomfortable. Few understand MATH. The S&P has lost roughly 16% from it's peak. To get back to what you had it needs to rise 19%. 10,000-16%=8400. 8400 plus 19% is 9996. My brokerage acct prevents my lying to myself. My 15 year history has been up every year EXCEPT THIS ONE.
Holdings, what you paid for them does not matter the question is or should be would you buy them at today's price.
I find it interesting that Buffet listed as the greatest stock picker is 86 and says he is buying stocks for long term. Buffet has also stated he does not often beat the s&p.
I am not in Buffet's league. I am not beating the s&p so I am not batting even average.
So many wise sayings. Hind sight is always 20-20 but foresight is far more profitable.
No one is right all the time. To make money you just need to be right more times than you are wrong.
Back to Buffet. I recall him saying I lost 44 million on that trade it was a mistake. Was I to loose 44 million on a trade there would be a lot of people wondering how they were so stupid as to LEND me that much money.
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If I can double our money every 6-8 years I am a very happy camper. All you need to do is refer to the rule of 72 to see what rate of return you need on average to double your money in a particular time frame.