The "Digging" Report Q1 2004

March 31, 2004

My Personal "Mutual Fund" OTC:RASXX

Note: OTC means Over The Counter. The ticker symbol is fictitious; please don't ask your broker to buy it. In the rare event that such a ticker does exist please inform me at once, in order to change it. I don't want to mislead anyone.

What a ride! Despite a promising start for the year, the NASDAQ and the Russell 2000 (not shown here) turned tails on the last days of January. The broader indexes held their ground until early March. By the end of the quarter only the S&P 500 was above water. This quarter also saw what could be a turning point in my personal life. There are no guarantees that the worst is past me, but for the time being, I can breathe easier. That could not be said for my accounts though. It continues to bleed and trail the market averages. The 12-month trailing performance paints a stark difference between the results of my management and the S&P 500. If I ever hope to escape from the "prison" I need to turn around myself and start doing a much better job. 

Performance as of 03/31/2004

NAV: 15.77

* Annualized compound return

The 1, 3, 5 and 10 year periods are counted backwards starting from the report date

Performance is before personal taxes. Maintenance and research costs (my personal time doing the accounting, trading and web publishing; time spent on the web and investment books) are not taken into consideration.

Freedometer ratio: 3.35%

Scale: 0-10 Worthless slave; 11-25 Rank and file; 26-40 Lowest level privileged; 41-75 Candidate for temporal release; 76-99 Almost free on parole; 100+ § A free person!

§ Unless you can't make ends meet with your present salary.

Quarter/Year to date

Since Inception

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