Estiamdos Amigos de Okane..

Les voy a dar unos datos MUY INTERESANTES sobre los resultados de los fondos de Riesgo en USA.

1) According to Morningstar, only 63 out of 2,301 funds with assets over $100 million are up for the two-year period from Jan. 1, 2008, to Dec. 31, 2009. It is mind-boggling that only 3% of these funds are in positive territory over the last two years, and many managers, including Bill Miller, are still 20% or more away from their highs.

Es decir solo el 2.7% de los fondos van arriba sumando el año del 2008 y 2009.

2)  What many people fail to realize is the if you lose 50% of your money, you need a 100% return to get back to even, but if you keep your losses at 10%, you only need a gain of just a little over 11% to be back at even.

3) Market players tend to feel very frustrated when they fail to outperform the market when it is in a strong uptrend, but outsized losses in a downtrend don't seem to cause the same sort of anxiety. That is backwards. It is the downside that we need to worry about much more than the upside. If you are zealous about protecting your gains, you will stay far ahead of the game.

4) A lot of traders I talk with weren't very happy with their returns in 2009. I certainly wasn't very pleased with my returns last year. I made money, but my performance relative to the indices disappointed me.  ESTO es JUSTO lo que ME PASO a MI !.

5) Despite that disappointment last year, the best traders never had any big drawdowns, and they have kept their accounts near all-time highs through this tremendous roller-coaster ride. That gives them a huge advantage over fund managers who may have posted big gains but also incurred huge losses as they stayed heavily long at all times. 

The moral of the story is very clear: play strong defense. If you do that, you will end up in far better shape than the vast majority of investors.