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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (96711)	7/17/2002 6:20:15 PM
From: benwood	Read Replies (1) \| Respond to of 132070

BGR, I don't have hard data handy for that time period, and Quicken often makes errors in my accounts when computing IRR, but going from memory, most of the years leading up to 1999 were decent -- I'd guess around 15-16% per year (some of those years it was not in the 500 index because her co. used a different 401k provider and actually did better than S&P500 for those years). The money in her IRA did better than all our accounts combined, on average. I began shifting into MM in earnest around March of 99 I think, so about one year before the bubble burst. Now her acct. is perhaps 85% mm, 8% bonds, a few percent in three other funds. If I have time I'll take a closer look this weekend. In Quicken, I haven't figured out a way around making company matching funds look like earnings yet (deficiency in their product), but as the account total gets higher the error is at least smaller. --Ben

To: BGR who wrote (96711)	7/17/2002 8:19:36 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

BGR, I guess the reponse you got was not what you expected. It might be best if you began, finally, to consider how to improve your own situation rather than trying, in vain, to gloat over other people's misfortunes. Look to the future! Which is not a future of magically rising stock prices. There are lots of opportunities to salvage your own financial future if you will only start listening to people (not me) who are wiser than you are. Work hard, save your money (in Euros, not US dollars), wait for the eventual bargains in the stock market, and meantime improve yourself in as many other ways as you can. Don't expect some transcendental god of money to swoop in and make you rich. Accept fate. Work with fate. In particular, try to suppress your wish to see other people make fools of themselves.