Friday, November 07, 2008

A Wretched Investment Year.

I know things are just horrible for the markets. In the misery loves category department I thought I'd give you the year to date returns of certain well known funds, stocks and investors through yesterday. Returns are calculated as of 11/6/08 and are sourced. Dividends are not included so 2008 total returns could be slightly higher.

S&P 500: -39.85%

Dow Jones Industrial Average: -35.26%
NASDAQ Composite Index: -39.87%
Fidelity Magellan: -49.54% {Source: Alchemy of Trading}
Growth Fund of America: -38.40% {Source: Yahoo Finance hereafter YF}

CGM Focus Fund: -45.55% {Source: YF} This is Ken Heebner a well regarded mutual fund manager.
Legg Mason Value Trust: -57.54% {Source: YF} This is Bill Miller who until last year had beat the S&P 500 15 straight years, an investment feat comparable to Joe Di Maggio's 56 game hit streak.
Jim Cramer's Action Alerts Plus Portfolio: -39.06% {Source Action Alerts Plus} Star of CNBC's "Mad Money"
Berkshire Hathaway Stock: -21.75% {Source YF} This is Warren Buffett's holding company.
General Electric: -50.52% {Source YF}
Apple Computer -49.96% {Source YF}
US Steel -71.65% {Source YF}

*Certain clients of our firm own General Electric, Apple Computer and Growth Fund of America. Also clients own related ETF's on the S&P 500, the Dow Jones Industrial Average and the NASDAQ Composite Index.