Re: Rate of return since Aug of 1999

Thanks for the reality check so far.

I also would like some of your thoughts on the volatility of this
****tfolio. 
I went back to a quarterly billing statement from last year where the fee 
was based on the value of the account on October 17th 2007.

The account on Friday, April 24th, of last week when I asked him to give
me 
some numbers,  is worth 0.968 of the value it was worth on October 17th 
2007.  It lost about 3%.

Looking at a graph of the SP500 I see that it closed at 1541 on October
17, 
and bouncing between 1380 and 1400 during last Friday when he gave me the 
current results of the ****tfolio.  If we say 1390/1541 it appears that the

SP500 was down more by a factor of 0.902.  So it appears that the
****tfolio 
is less volatile than the SP500.

And then there taxes.  I know I paid a lot of taxes last year and maybe if

that was being deducted from the ****tfolio things wouldn't look anywhere 
near as decent.

Once again, thank you for the comments.  It has made me feel a bit better 
about paying the fp his fee. 

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