Rule #1 in investing is don’t lose money and never lose big. The chart below shows the portfolio gain needed to recover from a given loss. The hurdle gets real high the bigger your loss. A 60% loss requires a 150% gain just to get back to even.
Rule #1 in investing is don’t lose money and never lose big. The chart below shows the portfolio gain needed to recover from a given loss. The hurdle gets real high the bigger your loss. A 60% loss requires a 150% gain just to get back to even.
