Read on Twitter
Let’s talk 2008 market crash Did everyone lose all their money like you are told??
Let’s look at the FACTS
Short thread
1. How much did the market actually decline?
9/15/08 S&P 500 closed at 1255.08
3/2/09 S&P 500 closed at 683.38
That is roughly a 45% decline in 6 months
9/15/08 S&P 500 closed at 1255.08
3/2/09 S&P 500 closed at 683.38
That is roughly a 45% decline in 6 months
2. So what would that do to your portfolio
$1,000,000 in the market on 9/15 would have fallen to $550,000 on 3/2
Was ALL of the money lost...NO!
$1,000,000 in the market on 9/15 would have fallen to $550,000 on 3/2
Was ALL of the money lost...NO!
3. This was the crucial point for a lot of investors. The decision to sell or hold. Those who sold out of FEAR, lost 45% of their portfolio. But what about those who held for the long run??
4. The S&P 500 closed at 3,331 today. 
So
$1,000,000 would have become $550,000....but would be worth $2,650,000 today.
Or more than 4x the amount on Mar 2, 2009!
So
$1,000,000 would have become $550,000....but would be worth $2,650,000 today.
Or more than 4x the amount on Mar 2, 2009!
What is the takeaway here?
Don’t panic. Follow your plan. Markets go up over time.
Remember that when you see the recent ups and downs of the market!
Don’t panic. Follow your plan. Markets go up over time.
Remember that when you see the recent ups and downs of the market!
