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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (96704)7/17/2002 4:23:06 PM
From: benwood  Read Replies (2) of 132070
 
KT,

Buy and hold really does work. My wife has just 8 choices in her 401K plan, all watered down, broad funds (like TOTAL Bond Market, TOTAL stock market, etc.). I just noticed from Vanguard's site that the 5-year return of the S&P500 fund is 0.59% compounded annually, or 2.99% for the past 5 years (at least it's positive...). If their MM fund is similar to my CREF MM fund, that money returned 4.87%/year for a total return of 26.84%. The only thing holding up the S&P fund now is the current MM rate of 1.58% which has gotta seem like watching corn grow for most people (but still better watching corn cobs on the compost heap). Anyway, for the past 3-4 years, she's had most of her money in the MM fund and slept well at night.

--Ben
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