Bloomberg/Tracy Alloway/11-2-2022
“This illustrative portfolio is down 34% this year, meaning a $1,000,000 investment made in January is now worth just $651,194. That eclipses the circa 17% decline in the S&P 500 in the same time frame.”
USAGOLD note: The massacre includes the bonds of corporate giants like Microsoft, Amazon, and Coca-Cola, says Alloway. Those losses are not real until the investor takes them, but that does not lessen the blow to those attuned to reality – or those in the investment realm who have to mark to market for year-end. With rates and inflation on the rise, it will be a long road to recovery.
