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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (27061)10/11/2000 6:51:44 PM
From: Oblomov  Read Replies (2) of 436258
 
I agree... I have been watching their portfolio returns off and on for a few years. IMO, their responses to market movements are worth reading now. I am curious as to when they might liquidate.

Their "Rule Maker" Portfolio since inception in Feb. 1998 has underperformed the S&P 500 by over a percentage point annualized, and is down over 25% YTD. The much-vaunted "Rule Maker" portfolio is down over 31% YTD 2000 vs. a 22% YTD decline in the COMPX. The "Racy Retiree" Portfolio is down 26% YTD, the "Reasonable Retiree" Portfolio is down 17% YTD, and the "Reluctant Retiree" Portfolio is down nearly 9% YTD. So much for conserving that nestegg!

These returns are dismal. I think that a market expert (such as MF) has a moral responsibility during obvious tops such as we had in March and July to advise that readers consider taking some chips off the table. I attempted to do so with my friends and family, and whether or not they heeded my advice, at least I did not sit idly by and witness the destruction of their capital.

What happens when the market stops being "amusing"? So far, there hasn't been much dissension in the Motley Fool ranks... although their main portfolio is down 45% from its all-time high set in March of 1999.
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