The "Digging" Report Q2 2000

June 30, 2000

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.

OUCH!!! It hurts. Although the portfolio is fared better than the NASDAQ on this quarter, it is doing worse than the S&P500 and the Dow Jones Industrials. The crash filled the portfolio with red ink. The dark side of leverage devastated the brokerage account, even as I didn't wait for the value to drop enough to trigger the dreaded margin call. As of this writing a recovery is under way. Let's see how it develops. Could this be just the beginning of a monster bear market?

Performance as of 06/30/2000

NAV: 18.32

* 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: 2.06%

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 to date

Year to date

Since Inception

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