This is really not what our board was set up to discuss, but **people are posting such nonsense about what must be happening with my portfolio that I feel obligated to correct them**.

Let’s forget about the quite profitable years of 2017, 2018, and 2019. **Let’s start with that extraordinary year, 2020**. In 2020 alone my portfolio was up 233.3%. That means it was at 333.3% of where I started the year. A triple, and a third of the way to a quadruple.

**Then last year, 2021**. On Nov 9th, I hit my high, up 93.1%, or **193.1% of that incredible 333.3% of what I started 2020 with.** Piled on top of it, so to speak. That 193.1% meant almost a double of that 333.3% of what I started 2020 with. Let’s multiply it and get it exact: 1.931 x 333.3% equals 643.6% (or roughly six and a half times what I had started with less than two years before).

Okay, that up 93.1% didn’t hold, and **I finished 2021 at up 39.6%, or at 139.6% of where I started the year**. That put me at **465.3% of where I had started 2020, the year before** (1.396 times 333.3% = 465.3%). **That was at the end of last year**.

**After today’s close** I’m at 53.7% of where I started this year (down 46.3%).

**Lest any of you worry about my finances**, that puts me at **at 250% of where I started 2020**, **half way between a double and a triple of my entire portfolio**. Does that sound like a catastrophe???

**For the numerically inclined**, 0.537 times 465.3% equals 250.0% from Jan 1, 2020.

**And if you would like to go back and count 2017, 2018, and 2019**, let’s see, that would be up 84.2%, 71.4%, and 28.4% (as I think I remember, in 2019 the S&P did about as well, or even a fraction better than I did). Okay, 1.842 times 1.714 times 1.284 = 4.054, so **I finished those three years at 405.4% of what I started them at**.

All right, lets tack those two numbers together to see where I am after all five years:

**4.054 times 250.0% equals 1,013.5% !!! So I’m a little over a thousand percent of where I started five years and two and a half months ago.** That’s a little more than ten times…

And that’s the after this huge sell-off. **So tell me, does this current drastic downturn prove that I’ve been investing all wrong?** That I should have been in a S&P index fund and been up a nice safe 90% or so after those five years? Instead of up 913% ??? I don’t think so !

Read the Knowledgebase!

Saul

**Links to the Knowledgebase** for this board is in the Announcements panel that is on the right side of every page on this board. (It’s in three parts)

For some **additions to the Knowledgebase**, bringing it up to date, I’d advise reading several other posts linked to on the panel, especially “How I Pick a Company to Invest In,” and “Why My Investing Criteria Have Changed,” and “Why It Really is Different.”