Posted by Tim Stobbs on September 30, 2008
Well after yesterday’s disaster of index performance I decided to do a little digging. Exactly how bad has it been lately.
Well the following is the major stock indexes that make up my portfolio and their performance for the last few months.
- June 18, 2008 – 15073
- Sept 29, 2008 – 11285
- Down 25%
- June 18, 2008 – 1337
- Sept 29, 2008 – 1106
- Down 17%
MSCI EAFE Total Return Index
- June 18, 2008 – 1468
- Sept 29, 2008 – 1163
- Down 20%
Wow that sucks! What is really scary is the US and world index have been falling since the start of the year. If you take that in to account the loses are closer to 24% for the S&P and 26% for the MSCI Total Return.
And I’m just left sitting here with two thoughts on my mind. Damn I wish I had more cash to go shopping right now. Panic sellers can be good deals if you can stand the downside. The other thought is bonds were a good idea to include in my portfolio for the sleep at night factor. Best of luck everyone.