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On January 17, 2000 the Dow Jones Industrial Average (DJIA) closed the day at 11,722.

On October 19, 2002 the DJIA closed at 7,286.

During that 21 month period, the DJIA lost 38%.

On January 18, 2008 the DJIA closed at 12,099. This was up 377 points or only 3% total from January of 2000. Annualized, the gain was 0.375% – significantly less than 1% per year.

During the same 8 year period, inflation has risen by 19% or 2.37% annually.

Wonder why you feel broke?
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OK, Inflation is up 19%. Want to feel really broke? Find out how much Cost of Living has gone up. I bet we are talking tripple digits. I know in the peroid of time, Gasoline has gone up nearly 200% and my power bill has went up 100%. How about Milk, or Eggs, or Oranges or bread. Inflation does not measure the stuff we spend money on every day.
Gee. I just got my Janus 20 fund year end statment. It is up 35% for 2007. The orian and janus Mercury funds are about the same. I have another one too. It is Morgan Stanley's "Fund Solution" It holds about 10 diversified mutual funds, every quarter they sell the winners and buy back the loosers. It has been averging 9.5% annually for the past 5 years. It makes sense not to chase the stocks that are rising, but to buy the ones that are down. "Terms and conditions are not garunteed and some people can and do loose money. Please read your propectus carfully" Roll Eyes
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