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 Wednesday, August 27, 2008

Recently, a blog I enjoyed reading stopped blogging. Well two of them actually, but Jason Calacanis announced his retirement from blogging. The MM from PFBlog just stopped with no announcement.

PFBlog was interesting to me because he's been documenting his path to an early retirement and becoming a millionaire. He's been open and public about his net worth, and the month-to-month machinations in his financial status. I could never do this so openly, but it's fun to watch. Or was until he stopped.

When financial bloggers stop blogging, you have to wonder... is it because the stock market is down? Is it painful posting about your fifth (or eighth) consective monthly decline in net worth? As an outsider, there's a certain fascination to seeing someone who lost $60,000 on the stock market last month. But obviously as the person who lost $60,000 in one month, it might not be as fun.

MM's last post was in June, to report his May net worth. His total portfolio at that time was reported at $896,000. I wonder how he has done since then?

Well, since he's so open about his investments, I did a calculation. Entered his investments into Excel and got the current prices from Yahoo Finance.

The PFBlog investment portfolio is currently worth... $814,668. That's a $81,427 decline in just over two months (-9.1%). And the stock market is actually up over the last month or so.

So I can see why he stopped blogging. Just wish he hadn't, and it's time for everyone to learn how to handle how to invest in down markets, including short selling, stop loss orders, and the like.

 

Wednesday, August 27, 2008 3:13:22 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] -
Business and Investing | The Blogging Life
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Scott Duffy
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