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

To: BGR who wrote (96833)	7/22/2002 3:50:57 AM
From: Simba	Respond to of 132070

BGR, I did not say pass book savings but a 6% constant yield investment with little or no fluctuations. In fact some GNMA funds have yielded close to 7% with practically zero erosion of principal in the past 10 years. The Vanguard GNMA fund is a good example. In my 401K we have a constant yield GIC instrument. The rate is set every 6 months but is constant for that period. Currently it yields about 5.75% but has been above 6% for nearly most of the last 9 years. I have been trading into and out of this fund. Trading is nearly frictionless as there are no commissions. The expense ratio on the SP500 fund is very low. I also have a company stock fund but not the ESPP in the sense of high tech companies. I can buy my company stock any day with no commissions. My 401K has handily beaten the SP500 with low risk the past 5.5 years i have been contributing to it. This is not including the employer contributions. I did not buy puts or any such thing but did trade the company stock to goose returns. Simba