2008 was awful year for investing, but the last month did at least end on a high note.   December showed marked improvement from November.   These small gains however are dwarfed by the lost ground from the previous 12 months.

The fact that I’m only down 17.3% across my portfolio is truly a bullet dodged.   The S&P is down about 40%.  Of course, when the market eventually rallies I will probably not participate in those gains as much.  I have still have my puts in place, and much more in cash than I really want to be.   I’m beginning to outline my plan for investing in the next year.  That investment plan does not involve dumping everything back in the market all at once.

Let’s hope this year’s chart turns out much better for all of us….