According to Spectrem Group, a Chicago based research firm, in 2008 households with $1 million or more in investible assets lost an average of 30% of their investments, and nearly one-fifth of millionaires lost more than 40%. Over the last several weeks the stock market has gotten crushed and is most likely on its way towards similar declines.
Losses of this magnitude will destroy your chances of ever getting rich.
Take a look at how hard it is to get back to break even after a big loss…
Percent fall in share price Percent gain required to get you back to even
Study this chart carefully and you will understand Warren Buffets two primary rules of investing:
- Rule 1 – Don’t Lose Money
- Rule 2- Don’t Forget Rule 1
If you lost 40% of your wealth YOU WOULD NEED TO MAKE 67% JUST TO GET BACK TO EVEN!
Do you know what the average annual market gain for the S & P 500 has been over the last 10 years? 3.55%. At that rate it would take you over 18 years just to recover the money you have lost!
If you want to get rich, you need to focus on investments that will protect your capital AND deliver outsized gains. Lucky for you Ropay Asset Investors offers just such an opportunity.
Contact us today and the only regret you’ll have is that you did not contact us 6 months ago and get started then!
Do Good and Make Money!