Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: TMFDavidG Big gold star, 5000 posts Old School Fool Supernova Phoenix 1
Mission Team Member Supernova Odyssey 1
Mission Team Member CAPS All Star Motley Fool One Everlasting Fool SN Explorer 1 Mission Team Member Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 609  
Subject: Re: "Wise" marketing from Tom Jacobs Date: 3/19/2002 10:09 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Moz,

Thanks for your note. The Rule Breaker is a freely provided public portfolio that manages no one's money but our own. We committed from the very first day in 1994 to letting you know what we were doing, why we were doing it, ahead of time, and to track the results and learn together. Fortunately (since it's our own real money), it has performed well over the long haul. Unfortunately, as you point out, it did very poorly in 2000. (We were down 4% in 2001, which wasn't too shabby if you check the market indices.)

What you say is certainly quite true -- if someone were mimicking our potfolio starting in 2000, they'd be quite disappointed by now. Indeed, any purchaser of the Nasdaq 100 index fund (the QQQ) would be down a very similar amount, and would be equally disappointed. And there are some investors out there who began investing right at the beginning of 2000 -- just as there were some investors who began investing in early 1973. Fortunately, investment careers are not measured over 2-year periods -- we'll soon be closing out our 8th year of managing this portfolio online. For anyone who is disenchanted with the effort, they are certainly free to invest other ways -- Lord knows, there are many investment approaches on offer in the world at large. And Rule Breaker is an approach that is not suitable for most investors anyway, beyond perhaps 2 or 3 stocks (in a 15-stock portfolio).

Finally, we believe it is a Foolish and good thing to share one's own ideas, when they're superior. Part of the value of these discussion boards is being able to hear contributions from people across America. We'd probably all benefit from hearing some of your favorite stocks right now, if you'd like to contribute.

Fool on,

David G.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement