QUOTE OF THE YEAR-How soon we forget the basics of investing in this euphoric era, as aptly pointed out in the Sunday New York Times Business section of April 19, page 4, as part of a full-page article on gold mining. Said Christopher Holton, Vice President of Marketing for Blanchard and Company in New Orleans, arguing in favor of buying gold: "IF YOU WANT TO BUY LOW AND SELL HIGH, THE FIRST THING YOU HAVE TO DO IS BUY LOW."
CONTRARIANS USUALLY WIN EVENTUALLY-According to a new study by Morningstar Inc. of Chicago that was published in Morningstar Investor, edited by Susan Dziubinski, the three equity fund categories that proved the most unpopular with investors in a given year went on to beat the average equity fund over the subsequent three-year period 78 percent of the time. The three most unpopular equity fund categories outperformed the three most popular equity fund categories over the subsequent three-year period 89 percent of the time. [In case you were on an extended vacation, by the way, gold mining was by far the most unpopular equity fund category with investors in 1997, with the average gold fund losing slightly more than one half of its value, indicating that it is likely to outperform in the years 1998-2000.]
Taken from Steven Jon Kaplan's Gold Mining Outlook
Offical Site: http://www.investor1.com/gmo/
To Join: http://www.investor1.com/join/join.html
rw |
