If a fund goes down by 60%, you will need it to go back up 250% to recover your loses.  This is a difficult concept, but here is a way for you to calculate it:  

Subtract the loss % from 1 and get a number.  Then take the inverse of the number to get the percentage gain needed.  For example in this question you took:  .60 -1 = .40    The inverse of .40 or 1/.40 to get 2.50 or 150%. 

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