A Hard Year To Make Money

How hard was it to make money in 2015?  Very hard according to Jeff Gundlach of DoubleLine Capital.  He through up a chart that I noticed on Business Insider yesterday that showed that taking all of major US investment classifications, last year was one of the five worst years ever for the best   returns amongst that group of investments.  Here's the chart:

According to Gundlach, the best asset class last year, the S&P 500 with a 1.38% return, outdid everything else.   It's best return ranked third best of the five worst years since we've been recording these things going back probably to the 1920s.  When you hear about all the hedge fund closures last year and Warren Buffett being down 11% in 2015, then you get some idea of how hard it was to make money last year.  With stocks down about 6% so far in 2015, January's been nothing to write home about either.

Back hopefully with something a bit more in depth about the markets later in the week.

*Long ETFs related to the S&P 500 in client and personal accounts although positions can change at any time.

Link:  Business Insider:  Gundlach Presentation.