Thursday, January 24, 2008

Here we go

I don't know about you, but I am PSYCHED that the stock market is going down. Why? because there is going to be another year where the stock market goes waaaaay up and when that happens life will be good.

Here's my evidence. Every single one of these mutual funds has only had one negative year between 2000 and 2006, and then the next year there were some huge gains. (lost 10% then gained 32%) (lost 18% then gained 36%) (lost 16% then gained 41%)

If history repeats itself, we will be out of this quagmire and into soaring profits once again!

Just for completeness here are some that had more than 1 negative year :

Monday, January 7, 2008

Joke of the day

Here's the joke. I hope it makes you chuckle.

Here is where my company automatically put my funds when we switched management companies:

Notice, no morning start rating, no historical performance either. Great, so maybe I will look at the prospectus:

Here is the screen I found. Notice the footnote: "Fund prospectus not requires for this fund" Ha!
What the hell!

Thursday, January 3, 2008

New Year - New Challenge!

Gents, I wish you all a Happy New Year and in this year I also issue forth a challenge!

We all start on January 12th to allow enough time for preliminary research (or throwing enough dice to get a statistically satisfactory set of data results).

We all start with the same amount, but let us see where we are 1, 3, 6, and 12 months.

Should fun, time consuming, and hopefully educational.

This is my challenge to you all.