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

To: Knighty Tin who wrote (96786)	7/21/2002 10:43:17 AM
From: BGR	Read Replies (2) \| Respond to of 132070

KT, If a 19% gain YOY in 1999-2000 time frame didn't bother me, why should a 2-year 22% drop be significant? Markets fluctuate over the short term, and I am investing for 40 years (started at age 25). Presently, my 401k (with matching grants from my employer) has returned roughly 13% per year on money that I have put in, over the last 8 years. I can deal with that, and thus DCA into indices doesn't look like a scam to me. Please, tell me why I should feel otherwise? -BGR.

To: Knighty Tin who wrote (96786)	7/21/2002 11:21:19 AM
From: benwood	Read Replies (3) \| Respond to of 132070

KT, I imagine many people are viewing their losses with contributions included, since that smarts less. When I include contributions, my 403b accts are up 35.0% since mid March of 2000. The difference between being +35% and -22% is 73%. Makes me glad I paid attention in my history classes. <g>