Today was a sour day for the stock market—Dow down 120.9 points—and most balanced funds posted a loss. But three funds in my Horse Race managed to avoid a loss. They are:

EVIFX Eaton Vance Balanced A
+0.02 (0.26%)

GMALX GE Moderate Allocation
+0.00 (0.00%)

..and (drumroll please):

PRWCX T. Rowe Price Capital Appreciation
+0.00 (0.00%)

PRWCX hangs its hat on not losing money. Of course one day is just a blip in the grand scheme of things. But on this day, at least, PRWCX did its job.

??  not much of a horse race..  I had winners and losers for the day

evgfx +1%

Letrx +.92%

Eurox +.84%

bmpix - 1.88%

emgix - 1.77%

My point is on a daily basis I have winner and losers, you need to look over a longer time frame, such as 1 yr or 3 yr..  mine 15% and 31% respectively.  I can't go beyond that due to the nature of my portfolio has changes significantly over 5 to 10 yrs.  I don't buy and hold.  I do look at net value over longer periods, and I'm happy!