The "Digging" Report Q2 2001

June 30, 2001

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.

The first positive quarter since Q1 2000! The Fund ended this period up more than 12% beating the S&P500 fair and square; although, the US Index continue outperforming the Fund over the multiyear periods. Although the market appear to bottomed in March-April and launched a significant rally, it is too early to say that the worst is over. At the end of this period, the direction of all the major indexes has turn south.

Performance as of 06/30/2001

NAV: 17.99

* 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: 3.10%

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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