haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It may be that the interests of the board have moved away from index performance and stocks recently, but just in case that is not true I thought I would start a thread on "market performance". It appears to me that there has not been any meaningful rally off last fall’s Dow bottom around 7500. Neither a bear market bounce nor a new bull market.
A 3 month DJI chart shows just a trading range. Right now it is only marginally above last November's bottom around 7500. (about 7%)
I am somewhat surprised at this because of the huge spike in VIX that coincided with the bottom. I would have expected a strong bounceback rally.
There are big divergences though- my own 95+% equity portfolio is up 25% in the same period, notwithstanding the drag of monthly withdrawals. And my portfolio was also down less than the Dow from the top. This is in spite of having some real stinkers and misjudgments. On the positive side I dodged a few bullets too- by immediately reversing purchases that in the end might have really damaged performance. I guess the big mistake that I made was owning any stocks at all until quite recently.
Since risk is often defined as divergence from indexes or from full diversification, I guess my portfolio is by definition more risky. I do kind of wonder about that definition though.
Ha
A 3 month DJI chart shows just a trading range. Right now it is only marginally above last November's bottom around 7500. (about 7%)
I am somewhat surprised at this because of the huge spike in VIX that coincided with the bottom. I would have expected a strong bounceback rally.
There are big divergences though- my own 95+% equity portfolio is up 25% in the same period, notwithstanding the drag of monthly withdrawals. And my portfolio was also down less than the Dow from the top. This is in spite of having some real stinkers and misjudgments. On the positive side I dodged a few bullets too- by immediately reversing purchases that in the end might have really damaged performance. I guess the big mistake that I made was owning any stocks at all until quite recently.
Since risk is often defined as divergence from indexes or from full diversification, I guess my portfolio is by definition more risky. I do kind of wonder about that definition though.
Ha