BillyBear

The Losses of a Money Magazine Portfolio

I had to search your article, then infer that the initial investment is 100K. Using a percentage, or giving us the original amount would have clarified things.

That said, I think your point is important, unfortunately, our culture has become so "professionalized" that we want to be able to "hire" someone to do everything for us.

I began managing my own money back in 1999 after being burned by a "professional"........... lost money, but gained an education in 2000-03.

Managing my own money, I am ahead this year so far.......barely, but that's better than friends who have lost 40% of their life savings so far.

Perhaps this catastrophic economic collapse will return us to ideal of individual responsibility and integrity. If so, it will have been worth the price.