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I just finished looking at our 2015 portfolio performance a little closer, and our best performing asset was the stable value fund in the wife's 457 at 2.3%. How sad is that?
I had substituted the SVF for most of the bond asset class of our portfolio mid 2014 when the (seemingly forever impending) rising interest rate environment seemed about to finally happen, who'd a thunk it would be my winning horse.
Your assessment based off the percentage alone: Person A is doing great!
Reality: Person A is at a significant financial disadvantage.
he is doing great, for him. nobody is saying that % gain alone gives you a full picture of someones financial situation. however, if you choose 1 piece of data the % tells the most.
he is doing great, for him. nobody is saying that % gain alone gives you a full picture of someones financial situation. however, if you choose 1 piece of data the % tells the most.
This is indisputably wrong. Person A is in serious financial peril.
Don't believe me? Make a new account on any of your favorite financial forums, and pretend to be Person A. Give those details, and ask everyone if you're on track. You really think you'll get responses like "great job, Mr Six Figure Earner! It only took you a year to increase your net worth by $10?"
he is doing great, for him. nobody is saying that % gain alone gives you a full picture of someones financial situation. however, if you choose 1 piece of data the % tells the most.
This year my net worth went from negative $1,000 to positive $10,000. What's my %?
This is indisputably wrong. Person A is in serious financial peril.
Don't believe me? Make a new account on any of your favorite financial forums, and pretend to be Person A. Give those details, and ask everyone if you're on track. You really think you'll get responses like "great job, Mr Six Figure Earner! It only took you a year to increase your net worth by $10?"
i find it funny that you are telling me what is indisputably wrong. you dont understand that just because he isnt in a great financial situation doesnt mean he cant perform well "for him." 10% increase in his net worth is a good year for this guy. im impressed that he was able to do that even with a sizeable credit card debt. he must have some strong performing investments.
i find it funny that you are telling me what is indisputably wrong. you dont understand that just because he isnt in a great financial situation doesnt mean he cant perform well "for him." 10% increase in his net worth is a good year for this guy. im impressed that he was able to do that even with a sizeable credit card debt. he must have some strong performing investments.
Haha, if you think someone making $100k/yr that only saved 0.01% of his gross income is doing well, then I'm wasting my time talking with you.
Haha, if you think someone making $100k/yr that only saved 0.01% of his gross income is doing well, then I'm wasting my time talking with you.
Good day to you, sir.
a mutual fund can have a year where they return 20% but lose $100 million in assets from people pulling out money for whatever reason. their performance is strong but they arent "doing well." you dont understand that the two arent the same. a 58 year old guy with a net worth of $100 probably has had a lot of bad performing years. the +10% is good, for him. doesnt mean he is "doing well."
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