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Strategies & Market Trends : Van Wagoner Funds
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To: Allen Salo who wrote (51)3/23/1997 8:46:00 AM
From: Peter Smith   of 76
 
To everyone who thinks its smart to either leave their money with Van Wagoner or give him some..consider this: as of today, the fund is down 20% for the year. That means if you gave him $100 on January 1, he would only be able to give you $80 back today. Some people think that if the fund returns 30% for the rest of the year (highly dubious), then the fund will be UP 10% for the year....not so folks...you will only have $104 on December 31. So, if all goes well and this fund burns it up from now until the end of the year to a tune of 30%, you will be up 4% for the year....considering the risk, 5% in a money market sounds a whole lot better.
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