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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Stephen O who wrote (10903)	4/29/1998 8:38:00 AM
From: Enigma	Read Replies (1) of 116955

Garth Turner - I haven't read his book, but have been told that he is strong on recommending that people leverage the equity on their house to buy equities. Presumably using a systematic withdrawal plan (funds) to pay P.& I. on the loan. OK for the investor who can live with risk - but so many don't know the gut wrenching feeling of a real market decline. Also depends on the quality of the funds used. There are statistics out on Templeton Growth Fund showing that it doesn't matter when the investment was made - an investment of $100,000 would support withdrawals of $1,000/month (i.e.@12% p.a.), and the fund would have grown substantially. Track record of approximately 14.5% since inception in the 1950s The idea is good in theory, and often has been in practice - but I wonder how many will stay the course if there is a severe market correction, especially if there are collateral factors eg. declining real estate prices, loss of employment, etc.

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