Well, it isn’t earth-shattering great news but I’ll take it; on Christmas Eve, by a mere 1/10th of 1%, my modest investment portfolio reached a new all-time-high. Dumb luck and divine intervention has recovered every penny of the losses I suffered during our recent market crash. Using the S&P-500 as a measure, the markets are still around 28% below their pre-crash highs, which means they need to jump roughly 39% from their current level of 1126 to achieve a full recovery. While I am sure that many retirees have fared better in the markets than I have, I know many others who have not been so fortunate. My hope is that blessings will soon descend upon us all.
I figure that I’m too old to be 100% in the markets and too young to be 100% out of the markets, so I guess I’ll just remain a half-assed investor for the near future. As a hedge against the downside, as the markets rose from their lows I took profits on two occasions and moved the proceeds to cash. Currently the portfolio sits with 53% cash and 47% equities.
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