From a Yield of -99.79% to +9.99% This Year So Far
I’m happy to report that my current annualized yield on my investments is +9.99% when the Dow hasn’t even gone back to the break even point this year. It wasn’t long ago (January 16th, 2008 to be exact) when my annualized yield on my investment was -99.79%!
I know it sounds like my whole investment was pretty much gone, but the reality of why it was almost at -100% was that I was down about 5% since January 1st and it was extrapolated for the whole year. Had the performance of my investment portfolio stayed that bad all through the year, I would’ve wiped out all my savings!
However, this didn’t happen and I truly believed that it wouldn’t despite the fact that news of a possible recession, the housing crisis, and high gas prices were all over the place. I wasn’t scared and certainly never sold all my […]
Original post by MoneyNing