A 60/40 stocks-bonds portfolio is currently sitting on a 178 bps drop today (SPX & BBG Agg, rebalanced monthly). That's in the bottom 100 daily returns since 1989 (bottom 1% of all days).
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The current draw-down for that 60/40 portfolio rebalanced monthly is at 9.8%, but we got below 10% at the lows on April 8. Other 60/40 drawdowns of >10%:
I moved my husband’s main account out of S&P 500 into 3% GIC’s just a couple of months before the 2008 crash. I’d looked at housing prices in my neighborhood and concluded the situation was unsustainable. I’m still patting myself on the back for that one 😄
Yeah we’re mostly out also. I’ve got a couple of accounts that I’m hoping not to draw on for another 20 years or so (unless DOGE breaks SS, then all bets are off), and those are the ones I’m NOT looking at.
II don't know why US-based Trump-not-likers are keeping money in illiquid stuff. I wouldn't put real assets anywhere but pounds, CHF and euros in cash and bank accounts. That's easy to say when one has low wealth (apart from houses) and high income, tho.
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2022 bear market
2020 COVID shock
2018 gov't shutdown
2007-09 GFC
2000-02 tech bubble
1998 EM blow-up
1990 recession