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To: Greg Jung who wrote (6640)	9/7/1998 6:35:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 8002

>>Have you realized that claiming that a dow from 3000 to 9300 is not 300+%? It is, only if you put it all in at the beginning.<< even worse, it still isn't 300% it is 210%. you can't count the original investment as a gain. that is, unless you are a beardstown lady ;-) i'm also long and, temporarily at least, wrong a lot of illiquid value plays that become more of a value by the day. i'm also a proud put holder of cmb and am happy about my 800%+ gain so it can offset my gtw bust and, potentially, my mu and amzn bust (or maybe glory, i'll let you know in oct ;-) good luck.

To: Greg Jung who wrote (6640)	9/7/1998 5:44:00 PM
From: Kory	Read Replies (2) \| Respond to of 8002

<Have you realized that claiming that a dow from 3000 to 9300 is not 300+%? It is, only if you put it all in at the beginning.> Please go back and read my post #6633. I clearly said that the increase from DOW 3000 to DOW 9000 was a 200% return. The only person posting 300% was yourself (incorrectly). As for your & SB comments about "putting it in at the beginning", I agree - I don't recommend that investors simply invest once in their lifetime, but rather invest continuously over the long haul. If an investor puts investment dollars in over time, they are putting money in when the market is at all levels, including times such as now when the market is lower again. Sure, the money put in at 9000 looks bad right now, but only because you always take the short term outlook. I assume that the DOW will hit (at least) 10,000 sometime in the next few years. Then the money in at 9000 will probably look OK, and the money back in at 7500 will look even better. This is the beauty of long term buy and hold. If you invest equally over a long period of time, the market excesses and troughs are evened out in your investment inflows and you don't have to worry about timing (which in my opinion is impossible and the reason that people lose money in an otherwise increasing market). The only way you lose is if the market hits a extremely long bear market over a long period of time. This is not impossible, but if it happens, the entire country has problems, not just my and your retirement funds. If you are assuming this scenario, I can't think of one investment that looks particularly good. The only other issue you have to worry about is when you need to remove your money (for retirement). That is why you need a good retirement planning to smooth this out as well. Kory