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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (11845)	6/28/1999 5:22:00 AM
From: Tom D	Read Replies (1) \| Respond to of 29970

<<Isn't the whole idea of managing money to do better than the averages?>> Not necessarily. For a low risk philosophy, the idea is to do better than money market funds, without much more risk. I want to smooth out the bad years and good years. CLH creates the most value, relative to indexes, in flat and down markets. They usually underperform strong bull market years because they are on the sidelines 60 to 70% of the time. I have my doubts that the next four years will be like the last four--that is why I am not buying index funds. If the next four years are extensions of the bull markets, my internet stocks and my conventionally-managed pension should do great and make up for CLH. This is a defensive move, for part of my portfolio. They were out on 10.17.87. I will ask about 10.17.97 and 8.31.98 and get back to you. I appreciate your help in challenging my plans. 2.5% is the maximum and total charge they make. I will verify. I don't mean to sound like an ad for them. Their methodology has not performed very well in the last four years, but I perceive this underperformance as cyclical (falling interest rates benefitting large cap growth stocks) and I guess we are heading to a different phase (rising interest rates) in which they overperform the indexes. Thank you very much. Tom D