The "Digging" Report Q2 2003

June 30, 2003

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.

At last! The market is again above the 200 day EMA. This rally looks more healthy and with more possibilities. Too sad that I have to approach it with limited resources. My personal finances are in trouble and getting worse by the month. I try to keep a positive face although the picture is extremely bleak. It almost seems unfair that after the long wait for the bear to retire I have to watch from the sidelines. Well, that last part is not entirely true. However I resent the fact that I had to tap into my investment accounts to help sustain myself instead of using it for the growth I had been anxiously waiting for. However I should not let a temporary setback to blur the big picture. As William O'Neil, owner of Investor's Business Daily is fond of saying, every year there are great opportunities in America to make money.

Performance as of 06/30/2003

NAV: 16.75

* 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: 3.04%

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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