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<<We are going head to head to compete for investing $500,000 to retire on with a 5% withdrawal rate. The goal is to practice for our own eventual retirement, and to learn about investing strategies for retirement. The official start is 6/30/2005 but you may join at any time.

Sorry, in my view this kind of effort is a waste of time.

An investment plan pays off over a period of several decades. Trying to evaluate returns after a year is a waste of time.

Secondly, a substantial part of the investing challenge involves the courage to put your money on the line. Using imaginary money is a pointless exercise.

"Winners" will predictably be people who place a large bet on narrow portions of the market, and who luck out over the period chosen. That tells me nothing about how to be a winner long term.

My suggestion: ditch this pointless competition and invest the $10 you were going to offer as a prize.

Seattle Pioneer
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