Well, this quarter was a pretty good definition of a Pyrrhic victory.
My portfolio "A" : -6.5%
My portfolio "B" : -7.7%
My combined portfolios: -7.0%
S&P 500: -12.5%
Nasdaq: -12.2%
Russell 2000: -12.4%
You know it's a lousy quarter when you would have been better off with the almost-zero yields available in money market funds. And you know, it just figures. About two and a half months ago, I moved a chunk of dry powder (that is, cash) into the market. What this proves, yet again, is that my short-term market-timing skills are horrible!!!
Oh well, here's hoping the next quarter is a better one!
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