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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Midwest_Investor who wrote (42350)1/25/2009 2:14:55 PM
From: Skeeter Bug  Read Replies (1) of 42834
 
Midwest, i'm concerned with *real returns*, not accepted theoretical baselines that never occurred.

a person could've *easily* been in a fund that is flat since 1998 (think S&P index) and have lost their behind.

some person could say, and in fact did just this past week, that the collapse wasn't a big deal as the S&P "just lost its gains from 1998, so it is about even now."

this is patently false. most folks invest a TON more money well above the 1998 S&P values and some leveraged to do so.

iow, the market devastation is *much* worse than looking at some kind of theoretical baseline.

i don't own any mutual funds as i think i can pick stocks better than these guys who paid $100k for school to learn they can't outperform the market and that it is *much* better to be wrong with the ignorant masses than it is to be right against the momentum of the ignorant masses. plus, they make more money in the former scenario and few can resist lining their own pockets.

buying penny stocks and large banking stocks? i hope kirk doesn't pay you to push his wares. -lol-

btw, my portfolio is doing quite fine, thank you. i'm down about 10% from the very tippy top of my portfolio and i'm up about 5% while the market has lost its last 10%.

these are actual numbers, not theoretical lump sum numbers.
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