voltaires dangerous thursday, page-4

If the yield of your portfolio is 3% you're actually only down 2%.

You need to take an 18 month + view.

You may have a bad quater but next quater may be a rip snorter.

That's the market and that's basic portfolio performance.

If everything goes to the crapper - you need stop losses.

A portfolio performance of -10% yield inclusive is vastly better than -30% for example.

You can still re build if it ever gets that bad. But -5% is never nice. But the performance will ebb and flow.