Sabri: > I am not giving anyone any financial advice. I am just telling what I > do. Do what I do if you have the guts.
:-) > As for how much I have beaten the market since, anyone who knows > some about the markets knows that I did better than most of the best > performing hedge fund managers since August 1999. The more I know about the markets, the more I love my daughter's cat. > And I did that without doing anything other than by keeping my > retirement funds in the long term US treasuries since > August 1999. S&P500 last 10 years performance is about 4.1% per > year, the Long-Term US Treasuries (Barclays Index) last 10 years > performance is about 8.7%. Okay. Say, you've been making $200K annually as a professor and saving 40% of that in 30-year treasuries for 13 years. So, basically, your saving scheme amounts to a 13-year annuity with a $40K annual payment. (I know you've been probably saving monthly, but suppose.) Back in August 1999, at a 6.13% yield, your annuity was worth a bit over $700K. Say $700K, to flatter the comparison a tiny bit. Yesterday, after 13 years, at a 3.14% discount, your annuity was worth about $1.25M. Say $1.3M. Is that all? Sabri, You are no Soros or Buffett, man. And please do not take that as an insult, because it is not. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
