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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (10903)	4/29/1998 1:06:00 AM
From: B Kindrat	Respond to of 116950

Interesting about Garth Turner. He has presented several investment perspectives and each time he delivers a book which is about 2 - 3 years behind. I expect he is correct in his analysis, only a little bit late. He was in my home town giving a seminar about 5 months ago. At that time I questioned him on the value of gold. He indicated that individual investors should leverage assets to buy the broad market. Since that advice the XAU has performed better that Turner's projection. I suggest you review his books and compare his date of publication to the market trends and then evaluate the recommendations. My opinion only. Bruce

To: Stephen O who wrote (10903)	4/29/1998 8:38:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116950

Garth Turner - I haven't read his book, but have been told that he is strong on recommending that people leverage the equity on their house to buy equities. Presumably using a systematic withdrawal plan (funds) to pay P.& I. on the loan. OK for the investor who can live with risk - but so many don't know the gut wrenching feeling of a real market decline. Also depends on the quality of the funds used. There are statistics out on Templeton Growth Fund showing that it doesn't matter when the investment was made - an investment of $100,000 would support withdrawals of $1,000/month (i.e.@12% p.a.), and the fund would have grown substantially. Track record of approximately 14.5% since inception in the 1950s The idea is good in theory, and often has been in practice - but I wonder how many will stay the course if there is a severe market correction, especially if there are collateral factors eg. declining real estate prices, loss of employment, etc.