Counting the Casualties

Well, this is the worst day I ever had in my not-so-long investment life. More than $15,000 on paper are gone in one day, with the worst being all China related issues: GRRF, -$1.40 (10.17%), PGJ, -$2.10 (9.62%), and LFC, -3.72 (8.82%). The smallest decliners are PEY, -$0.44, 2.88% and OAKBX, -$0.43, 1.61%. The break down of the losses look like this:

• Stocks: -$8,210 and LFC alone contributed nearly $5,000;
• Mutual funds: -$3,230 with TGLDX (-$3.04, 5.47%) being the biggest loser (I did buy another $200 today, however);
• 401(k)s and IRAs: -$4,300;

For the other two I purchaed today, DODGX lost $4.86 or 3.07%, while DODFX was off $1.52 or 3.29%. With losses like these in a single day, I guess I can forget about any positive gain for the month.

Hopefully, today’s sell-off is just a short-term correction, instead of the prelude of a long-term decline. Let’s what tomorrow will bring.

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