Originally Posted by cletis
I got invested around 2001 and preceded in losing 100K. It took 6-7 yrs to get that back.
If you are in the accumulation phase, you have a heck of an easier time
than people trying to live off their portfolio, particularly the group without pension that I am going to join.
If I may, I'd like to offer my own experience, if that can cheer you up.
From top of market in 3/2000 to bottom in 10/2002, my total NW (house not included) went down 50%, which was a whole lot more than $100K. I don't know what your percentage is, but this can turn into "my loss is bigger than your loss" thread, which may be comforting to some.
However, I recovered and then some. It appears you are diversified but try to pick your own stock, like I do. If so, it is worthwhile to benchmark yourself against some good mutual funds with long records. I even own a potpourri of them, because "past performance" is never guaranteed, and I want to "race" them. I rarely even balanced them (may be I should, but too lazy). I limit my own "play sand portfolio" to 33% of my total to keep from losing it all.
After all the research into different sectors, a bit of market timing, buy/sell a bit of options, but not daytrade, so far my own performance is roughly about the middle of my mutual fund groups. I often wonder why I even bother. Why not just divide among a few low-cost mutual funds and call it quit?
The truth is I enjoy researching a bit about different industries in my own naive way. I found out there is a big world out there, outside of the industry my big engineering corp is in. A nerdy guy like me would have no other incentive to explore the world. So, I may keep doing it.