How you lost 68% without knowing. Here is where the action is!
Look at your superannuation statement or a letter from your retirement pension fund. You lost -68% but do not realise it. In Australia from the 1st November 2007 S&P/ASX200 index went from the 6,851 to 4,270 today – this is while fund managers and advisers are telling you how well you did. Learn to do the math yourself. You lost, and your loss was made of:
- The formula is:
(High-Current)÷Current = (6851- 4270)/6851=
- You missed out on getting compounded interest for 1605 days (just use Excel to calculate):
24/03/2012 1/11/2007 1605
- Microsoft Excel does not include a function for determining compound interest, you can use the following formula for this calculation
- The total loss you made so far is 37.7%+30.2%= -68% rounded up. Keep doing what you are doing or take action with our financial advice. Or do nothing and live your life in false hope and fear that you will never reach your goals. The choice is yours.
Where is the action? Forget Apple, Facebook, Netflix or Gold - here is where the action is!
RGR is up a whopping +571% from November 2007 while the S&P 500 is down -4%.Sturm, Ruger & Company, Inc. (NYSE: RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended the acceptance of new orders.Chief Executive Officer Michael O. Fifer made the following comments:The Company's Retailer Programs that were offered from January 1, 2012 through February 29, 2012 were very successful and generated significant orders from retailers to independent wholesale distributors for Ruger firearms.Year-to-date, the independent wholesale distributors placed orders with the Company for more than one million Ruger firearms.
Despite the Company's continuing successful efforts to increase production rates, the incoming order rate exceeds our capacity to rapidly fulfill these orders. Consequently, the Company has temporarily suspended the acceptance of new orders.
The Company expects to resume the normal acceptance of orders by the end of May 2012.
The Company will announce its results and file its Quarterly Report on Form 10-Q for the first quarter of 2012 on Tuesday, May 1, 2012, after the close of the stock market.