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Two Rules | Rule #1 Do Not Lose Your Principal | Rule #2 See Rule #1

It’s been a rough year for investors, and it’s just getting started. The S&P 500 Index has plunged 10.5% since the first trading day of 2016, erasing $1.78 trillion in value for investors, says S&P’s Richard Peterson, a senior director of Global Markets Intelligence. On average, investors have lost a collective $57 billion per trading day this year. Ouch. That’s roughly equal to the GDP of Canada in 2014, according to the World Bank. The number appears as the S&P 500 extended its losses for the fifth straight day Thursday, falling 1.23% and closing at 1,829.08 Thursday—its lowest since April 2014. The Dow Jones Industrial Average dropped nearly 255 points, or 1.6%. The technology heavy Nasdaq was the relative winner for the day, down just 0.39%.

Source: Investors Have Lost $1.78 Trillion so far this Year – Fortune