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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (17641)3/31/2002 4:23:58 AM
From: Moominoid  Respond to of 74559
 
It be shares now moving

Yup, my units in "Global Resources Fund" are doing nicely and I see gold stocks like NCM.AX rallied higher after they fell at the point when I said they'd fall.

I do not figure my NAV gains from October of each year and see no reason to do so now:0)

I can give a tally relative to the indices for 2001 if you like.... it would look even better in a relative sense. 1 Oct is roughly when I became a temporary "professional investor" :P

David



To: TobagoJack who wrote (17641)3/31/2002 9:26:08 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
"I had this dream of having $1 million in the bank and living off the interest,"

nytimes.com

Outrage Is Rising as Options Turn to Dust

By GRETCHEN MORGENSON

t was February 1999, and after 10 years of work in the communications industry, Kimberly Smith was about to realize her dream. A single mother with an infant son, Ms. Smith had amassed $1.1 million in savings and in stock options on WorldCom (news/quote) shares that she had received as an engineering director. Finally, she had enough to cash in her chips and stay home with her child. "I had this dream of having $1 million in the bank and living off the interest," she said. "That seemed really safe."



To: TobagoJack who wrote (17641)3/31/2002 5:35:00 PM
From: prosperous  Read Replies (1) | Respond to of 74559
 
Jay

Do you plan to use gold to hedge against depreciation of other assets to keep the portfolio leveled or do you plan to seriously use gold to provide significant capital gains over next few years? If former, how do you plan to change from the current 5% or so of your asset allocation in gold ? if latter, when and how (and how much) would you change your asset allocation to gold? Based on the history it seems it may take a few years for gold value to boom (2004-5), what time-line and growth you have in your mind? Just curious,
Thanks and regards

Hemant