Breakfast News: The Art of Losing Less
Every portfolio looks bulletproof in a rising market. The real test comes when it turns. A downturn can do more damage than you’d expect. Here’s the part most investors miss: If your portfolio falls 30%, you need a 43% gain just to get back to even. That’s simply because you’re now growing a smaller pile of money. The steeper the fall, the harder that climb becomes. Continue reading