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For those who are new to this, I recommend you print this off

and start reading from the last page, to get an idea where we

have come from. Good luck

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It has been almost a month since an update of our progress through 1999 was sent to our readers. Once again, in our strive to ensure that our readers are better served, we have decided to have one index - The EMC Index - instead of an index each for Canadian and American picks.

Contents

Section 1

We have summarized for each of the stocks in the index, the stock price at Jan 1 1999 (date selected) and the highest price achieved since the selection.

Section 2

We have also provided the usual year to date performance of the 8 stocks that make up our index.

Section 3

We have also provided the usual year to date comparison against the leading stock exchanges in the world.

Section 4

As promised in a previous issue, we have compared the returns on the index of 8 stocks we picked at the beginning of the year against the 8 top performing funds in the CL family of funds, which many of us belong to because of the Ericsson Group Pension

 

Section 1

The most successful of our 8 stocks is Vancouver-based Starnet Communications which trades only on Nasdaq. Its highest price since being selected occurred on March 17, when it traded at $14.66. Review the performances below:-

Section 2

The best stock in our Index (as at Saturday, March 27, 1999) is Starnet Communications (SNMM), having returned a 739% gain since Jan 1, 1999. Forbes Medi-Tech remains the best prospect in the Canadian group. It’s not our style to give target prices.

Section 3

Compared to the leading stock exchanges or indices in the world we are still ahead and that is why we believe in stock picks instead of investing in indexed funds. Check it out yourself:-

Section 4

The top performing fund at CL year to date was the ESF comprising only E shares and year to date performance is an abysmal 6.66, which ironically is the best return at CL. The average return for CL's family of funds is around -1% year to date in a booming market and if it continues this way, we may all retire broke.

Our own fund/index has returned 48.7% year to date and miles ahead of the overpaid fund managers.

Two weeks ago I received my 6 months E Group Pension report which showed a loss of 3.2%, (the price I have to pay to earn E's matching of my monthly contributions),I therefore logged onto the net and immediately changed my investment selections to the following:

Money Market (S29) 20%

Fixed income (S19) 60%

E’s Stock Fund (S76) 20%.

The above selection is low risk, especially in a volatile market as we have today, and also because of the time it takes to switch between funds within the CL family of funds.