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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: Michael Elizabeth Chastain who wrote (780)	10/16/1998 10:23:00 AM
From: taxikid	Read Replies (1) \| Respond to of 1254

no, i really cannot, i am exerting as little effort as possible.. because if you add gains up @ X per year times 10 years, you get 10X(forget compounding for one minute) then you get a the last year (this year) at a 50% loss you have 5x, let's lose 30% the next year... you get 3.5x. that is assuming you never added anything after year one... so let's say you start with Y each year... and the same thing happens... you have 3.5 Y left. unless the 3.5X is equal to 6.5Y, your total amount of capital could be halved or worse, the plans you had for those phantom profits are gone...use 10,000 dollars for Y.... have fun