Euro vs Contrafund, or how to buy a glider (affordably)
On Nov. 15, 2004 I posted a message suggesting that you invest your
money in a mutual fund with an excellent track record (i.e. Fidelity
Contrafund) and wait until your $70K initial investment grows to match
the current price of the glider. Here is an update on that strategy:
Euro: $1.2944 (11/15/04)
$1.3165 (3/20/05)
1.7%
FCNTX: $54.79 (11/15/04)
$57.19 (3/20/05)
4.4%
Contrafund has out paced the Euro by a factor of over 2.5. So far the
strategy is working.
Tom Seim
Richland, WA
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