I have hit virtually the same low 3 times. On July 31st last year, March 5th this year and now. I have to say that it is getting pretty frustrating. Sometimes I wonder why even bother investing. Here is a table basically showing the same facts but in numbers:
| MFI Annual Performance | ||
| ITD | Annual | |
| 2006 | 10.74% | 10.74% |
| 2007 | -6.57% | -15.63% |
| 2008 | -41.60% | -37.50% |
| 2009 | 0.71% | 72.47% |
| 2010 | -8.84% | -9.48% |
| IWV Annual Performance | ||
| ITD | Annual | |
| 2006 | 11.23% | 11.23% |
| 2007 | 4.65% | -5.91% |
| 2008 | -30.54% | -33.63% |
| 2009 | -13.95% | 23.87% |
| 2010 | -16.66% | -3.14% |
down 9.5% so far in 2010. Not good. Down 8.84% overall. Not good. If I had just bought a very simple corporate bond yielding 5% in January 2006, I'd be much much better off today.
I wish I had the answer. It seems like everything is so negative:
- Sovereign debt is in trouble
- unemployment is high
- taxes will go up in 2010
- the fed will at some point raise rates
- the gulf of mexico if filling up with oil
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