Simba,
My plan was to start moving money from S&P500 to NASDAQ over 4 years. Please do not misquote me. I am continuing that plan, about halfway done.
I recalculated, and my calculations stand. My employer contributions went into puts, and hence is accounted for. The puts made little money in the boom years, and a good return in the last 2 years. Perhaps they made a difference, and I am happy if they have. Just as I wrote of their value year after year during 1993-1999, w/ a smile in my face (as collecting insurance benefits is not exactly a happy matter), I feel justified including their returns in the portfolio, during the crash years. That's the whole point of insurance, like home/auto/life.
As for the chart, I do not know its origin, and I suspect that it is incorrect. Perhaps you should recheck your calculations.
-BGR. |
