Mar 4, 2009 11:00 pm
A person who’s down 30% in their portfolio needs a 43% return to break even.What's the formula used to determine that required return? (This is not a trick question. I'm curious as to how to calculate it.)
You want to know something even cooler Borker Boy?If you have been taking 5% withdrawals from your account and you lose 30%, you need 85% to get back to even. It makes 43% look like a dream.