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

To: Simba who wrote (97170)	8/5/2002 8:05:27 AM
From: Tommaso	Respond to of 132070

Thanks--it is hard to be completely correct about these things. For example, at some points I took a good deal of money out of the fund, but then I added in other contributions, depending on needs or ability at the time. it actually works out to 9.5% compounded annually, I think, which is exactly what people say about the stock market in the long run (i.e. a fifty-year period). So it's more the power of compounding of retained gains than anything else. Also, to be honest, that fund has gone up about 40% in a year and a half (lots of BEARX and some energy stocks that worked out). Am trying to make sure I hold onto those gains.