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Math is so funny! Yes, the $1MM investment that drops 97% will be only worth $30K before it "rebounds" 150% to a whopping $75K.
Jan 28 12:12 pm
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All Comments by CAPT GW »PermaBear Market Wisdom [View article]
With most investors down 30% to 50% so far, that means that the average $1MM portfolio is now worth $500K to $700K by now. It will take a 100% return for a 50% loser to recover; and a 42% return for a 30% loser to recover.