The "Digging" Report Q3 2000

September 29, 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 continues to hurt. Although the quarter starting promising it ended with another round of red ink. The market staged a rally attempt but ran into resistance by mid July and went into a correction. Another attempt was done in August; but again, it failed in September. The pundits attributed it to earning worries. Whatever it was, it got worse in October. As of this writing another rally attempt has been made. Let's see how it develops. Hopefully it will fare better... The increase in this period freedometer ratio was due only to the monthly contributions to the fund. So far not a very promising picture.

Performance as of 09/29/2000

NAV: 17.74

* 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: 2.37%

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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