Posted on 02/03/2005 8:39:15 AM PST by DeFault User
"Many Unhappy Returns"
This pops up the day after NY Times Economics guru Paul Krgman said such numbers are mathmatically impossible.
Maybe he forgot to move the decimal point somewhere in his calculations?
http://www.nytimes.com/2005/02/01/opinion/01krugman.html?oref=login&oref=login&th
I don't know about his assumptions or projections, but I have seen studies that state that investments in stocks, over time, for the past 75 years, even over the past 200+ years (since the NYSE was founded) outperform all investments. (I must assume that such studies were based on a rather balanced, conservative portfolio and not dart board type picking.)
"I don't know about his assumptions or projections,"
In view of the performance Galveston has had, even Krugman doesn't know. LOL
As the article points out, no one has EVER lost money and even in the worst of economic climates, their funds out performed SS!
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