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It's been 10 years...How have you done? Thumbnail

It's been 10 years...How have you done?

WARNING: Math content ahead!

The 10 year anniversary of the 2008 crash is upon us, so let's take a quick look at some numbers and see who won.

Let's say you were 100% invested in the S&P 500 on September 29, 2008 (the "official" start of the crash). If you were in a coma, over the next 7 months you would have lost 35% of your assets. Now, if you woke up on March 6, 2009 (the bottom of the crash) and pulled out of the market and went to guaranteed investments (at a generous 2%), it would take you 22 years to get back to where you were pre-coma.

Now, assume your coma lasted until today (sometime in October, 2018)....your assets would be UP 266% from the day the crash started. Just goes to show that sometimes, not doing anything is the best thing to do.

Kenneth Coombs CFP CHS RRC

Ken has 14 years experience in the financial services industry, is a Registered Retirement Consultant and a Certified Financial Planner. Ken has written financial planning columns and has been a guest on financial radio and podcast programs.

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