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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (12661)	1/4/1998 10:10:00 PM
From: William H Huebl	Respond to of 94695

Paulo, Ah, the fallacy of looking at THOSE indices and expecting THAT performance! Guess what, boys and girls, IT DOESN'T WORK THAT WAY! One of the main reasons I get IBD at LEAST weekly is to look at the IBD Mutual Fund Index. That index shows what the AVERAGE fund is doing... and when I told all my buddies and budettes at work to get out of their mutual funds May a YEAR ago, that index was only 30 points (less than 2% gained in 18 months) lower than the end of THIS year's close. Yeah, some could have done a lot better had they picked certain funds and some could have done a lot worse had they picked other funds.... but in that period you could have EASILY earned 5% over that average RISK FREE! I have not yet told these people to get back in and will not do so unless I believe the reward potential can justify the risk! Now go ahead and tell me to stuff THAT in my BK! <gggg> Bill PS The retirees are expecting that 30%, 22% and 20% you speak about and most are not even close! IMHO they OUGHT to have secure monies for retirement.