Unfocused Dog wrote:
Big Dog Investments wrote:There sure is a lot of angst here over a little 2% drop. Take a step back and a deep breath. We'll probably get it all back tomorrow. It's the market for crying out loud.
1. A little unclear to me what your response has to do with my comment (shown below):
What are we manufacturing?
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Weapons. Lots and lots of weapons. Although for all I know, much of that may also be outsourced to other countries.
2. The drop from the peak is @ 12% to 14%, not 2%. Someone who is approaching retirement and who has been saving and investing his entire career who has $2 million invested has lost maybe $250k in the past few months. Not immaterial.
well...someone approaching retirement is not going to be 100% in stocks.
Vanguard balanced index is down 4% year to date - that is 60/40 stocks bonds.
so in your example someone who started 2015 with $2 million has lost $80,000. still not immaterial but much less than you say.
not sure how to measure that fund from top to bottom, so a little apples to oranges here.