Re: Rate of return since Aug of 1999

Walter_Slipperman wrote:

> Here is what he re****ted to us:
> Aug 99 to Dec 99  = 17.34%
> 2000  = 4.33% >> -10.14
> 2001 = 0.02%  >> -13.04
> 2002 = -1.39% >> -23.37
> 2003 = 15.91% >>  26.39
> 2004 = 11.76% >>  9.00
> 2005 = 6.28%  >>  3.01
> 2006 = 13.23% >>  12.80
> 2007 = 2.30%  >>  3.81

I looked up the returns of the S&P at 
http://www.moneychimp.com/features/market_cagr.htm
and added them above for the full years (note these returns seem to 
ignore dividends). At first blush, I'd say he's doing his job. He 
avoided the 40% loss most of us had in 2000-2002, and still had decent 
returns in the years since.
I don't know how he has you invested so you saw such returns, reward 
follows risk, and conservative usually means a lower ****tion of stocks, 
which tends to lower overall returns. I'd be happy with the returns he 
showed you.
Joe

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