“Art enables us to find ourselves and lose ourselves at the same time.”
– Thomas Merton
We had our grandkids with us over the long weekend. They’re not our actual grandkids, more sorta adopted. We have been such good friends with their parents over the years that we became “grandparents.” My wife, Judy, is Gramma Juju and I am Grampa Fuzzy (the beard thing).
Anyway, these kids are smart, like A.P. smart. One just started at Santa Barbara High and, as a freshman, is taking a class with Juniors. I had no such smarts at that age. I graduated in the lowest quartile of my high school graduating class and then flunked out of college—not once but twice. Go figure.
All that changed when I met my wife, Judy, the smartest and best thing that ever happened to me. Hey, she thought I was cute, what can I say.
Ahh, but I digress. Back to the math problem at hand. This, by the way is not A.P. math.
If you’re down, say 5.0% it will take about 5.30% to get you back even.
Down 10% it would take about 11.12% rise to get back even; -15% = about 18% and -20% = about 25%.
Again, not A.P. math but because markets do tend to recover over time there can be some hope that our accounts can recover too and may grow even further.
Just saying.
Warm Regards
David Neunuebel
CFP®, ChFC®, CLU®, CIMA®, ADPA®
Senior Vice President, Investments
P.S. The other smart thing I ever did, there were two, was partner up with Lisa Barrantes de los Santos, the smartest and hardest working person in the room.
Any opinions are those of David Neunuebel and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained here does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance may not be indicative of future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Investing involves risk and you may incur a profit or loss regardless of strategy selected.
