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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (47485)	5/31/2001 4:48:23 PM
From: Ian@SI	Respond to of 70976

Damn! Now I know what my problem is. <vbg> ...the Mensa investment club. ... Last year was especially bad with a 40% loss.

To: Gottfried who wrote (47485)	5/31/2001 5:32:36 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

ot Hey, G., at least they played it 'straight.' Maybe Mensa should include its $400 membership fee as part of return on investment ;-) If you can't trust the elderly anymore WHO can you trust? From back in '98 when they spilled the beans... The Beardstown Ladies, a folksy group of central Illinois investors who spawned several best-selling books with their homespun style of money management, got caught last year for overstating their famous success. With members like Elsie, Helen and Betty, the club of elderly women investors wowed the financial world during the 1980s with their purported 24.3 percent annual return. That claim, which was splashed on their widely bought books, turned out (according to the accounting firm Price Waterhouse) to be a mere 9.1 percent annual rate for 1984 through 1993. Sinnock said the women thought the 23.4 percent annual return reported was for the 10-year period ended in 1993. That rate, however, only really applied to a two-year period for 1991 to 1992, she said. chicagotribune.com RO P.s. Shoot, if I just took my best performance time frame I could boast too. Only lost 12% from 1/1/98 thru 4/1/98. Nice.