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The
"Digging" Report September
30, 1999 |
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"The most powerful force
in the world is Compound Interest", Albert Einstein.
The
construction of the "tunnel" continues; and as promised I will be
posting the results on a quarterly basis. For the explanation of what is my
fund and how I account for it see my previous
report.
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My
Personal "Mutual Fund" OTC:RASXX
Note:
OTC means Over The Counter. The ticker symbol is fictitious; please don't ask
your broker to buy it. In the rare event that such a ticker does exist please
inform me at once, in order to change it. I don't want to mislead anyone. |
Despite
the fact that Wall Street had a bad quarter, I was able to post a minor
advancement due to the weight of my fixed income portion of my fund. However
that same weight is posed to hold me back when the market starts to fly. At
present time I can't stop the contributions to the fixed income fund, as I
signed for a 10 year of monthly contributions contract, which will expire
until October 2006; but I am starting to put all additional money set aside
for my fund (RASXX) into the equities market. Because I have roughly 2 years
and a half of 100% fixed income investing, the effect of this gradual shift
wont be noticeable for at least another 2 quarters.
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Performance
as of 9/30/1999
NAV:
16.11
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RASXX |
S&P
500 |
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YTD
as of 9/30/1999 |
6.18% |
4.35% |
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1
Year |
9.26% |
26.13% |
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3
Years |
--- |
--- |
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5
Years |
--- |
--- |
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10
Years |
--- |
--- |
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Since
Inception (10/21/1996) |
*17.68% |
*22.27% |
*
Annualized compound return
The 1,
3, 5 and 10 year periods are counted backwards starting from the report date
Performance
is before personal taxes. Maintenance and research costs (my personal time
doing the accounting, trading and web publishing; time spent on the web and
investment books) are not taken into consideration.
Freedometer
ratio: 1.05%
Scale:
0-10 Worthless slave; 11-25 Rank and file; 26-40 Lowest level privileged;
41-75 Candidate for temporal release; 76-99 Almost free on parole; 100+ § A
free person!
§
Unless you can't make ends meet with your present salary.
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Since
Inception |
Year
to date |
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Up |
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Roger's
Cyberhome
