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Author: temsike Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79097  
Subject: Re: Thoughts on capitulation Date: 11/21/2008 8:25 PM
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In this economic crisis the potential downside is great and the potential upside is small in the next year or so. If your stock allocation falls another 34%, and you transfer all of your money to stocks, what would be your accumulated loss (in percent) from the beginning of the year?

Look. My portfolio lost 35% YTD as of yesterday. If I get an annual average 4% real return on my portfolio, it will take almost 10 years for me to get back my Dec 2007 par assuming I do not add or subract from the portfolio.

Personally, I don't think in terms of what's going to happen next year or for that matter, what's going to happen to the market in 5-10 years.

My view is far longer. That's why the financial crisis is not such a big deal to me. I get to buy more of my favorite indexed ETFs at a greater than 50% discount. What's not to like?
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