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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (8179)	8/28/1999 12:09:00 PM
From: Kirk ©	Respond to of 15132

DJIA 100K! Time Value of Money program on HP 100LX Palmtop Computer says: 10%/yr from $11K would be $20K in 6.3 yrs 10%/yr from $11K would be $30K in 10.5 yrs Hardly a wild claim to me. Did I see Kudlow say a time frame anywhere in the postings here? Maybe we need to say 10% is with dividends so we need to use 8.5% for true DJIA numbers. Again, TVM HP 100LX calculator says.... 8.5%/yr from $11K would be $20K in 7.33 yrs 8.5%/yr from $11K would be $30K in 12.3 yrs 8.5%/yr from $11K would be $100K in 27.1 yrs Still well within our lifetimes. 8) of course, if you believe we are in for another Post Vietnam, Cold War, hyper inflation, spend on Social Programs that don't work (as opposed to "Welfare to work" which is working) era, then you might consider hedging for a long term bear market. Myself, I have more confidence in the American economy and system now. Still could have short bear markets, but I think DJIA $30K or even $100K is within my lifetime and it doesn't even require double digit gains.