JohnSmith's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/135630/comments http://seekingalpha.com/article/58803-john-hussman-turns-bullish-on-gold?source=feed#comment-107930 107930
While the HSGFX price has gone nowhere for 4 years, if you adjust it for the dividends and capital gain distributions that the IRS forces mutual funds to make, there has been a 17.9% gain over that time
($15.59 today / $13.22 adjusted Jan 04 = 1.179). This is the same as 4.2% annualized.

While this is lack-luster, the prior 3.5 years (since inception) were stellar, and the goal of this fund is to produce outsized returns over the "full market cycle [which] comprises a bull market and the subsequent bear market, or vice versa." See Hussman's Feb 5 '07 commentary. The past four years qualifies as neither bull then bear nor vice-versa.
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While the HSGFX price has gone nowhere for 4 years, if you adjust it for the dividends and capital gain distributions that the IRS forces mutual funds to make, there has been a 17.9% gain over that time
($15.59 today / $13.22 adjusted Jan 04 = 1.179). This is the same as 4.2% annualized.

While this is lack-luster, the prior 3.5 years (since inception) were stellar, and the goal of this fund is to produce outsized returns over the "full market cycle [which] comprises a bull market and the subsequent bear market, or vice versa." See Hussman's Feb 5 '07 commentary. The past four years qualifies as neither bull then bear nor vice-versa.
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