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To all interested:
I checked into this a few months ago.here is what I found:
1.Meadors and Borton are no longer associated and there have been
efforts to apprpriate accounts by one of them.
2.They both are in the business of managing money via smartimer and
some discretionary models.
3.The data I saw in their brochure showed 6 years of hypothetical data
and 4 years of real time.The average annual rate of return was about
49% with the real time actually loking better.
4.Borton is not a marketing type and is kind of gruff on the phone.I
am surprised he did not give you performance for '98.It is my
understanding at the time I checked he was up over 20 + %.
5.Your e-mail gave me enough concern re my wife's account and I
checked on it today.I am pleased with the results for the last month
in some trying markets and can tell you the account is up.
Obviously each person makes their own decision for their own reasons
and experience.These were mine.
Regards,
John
------------------ Reply Separator --------------------
Originally From: "JW" <abprosys@xxxxxxx>
Subject: RE: Rydex and Profunds Mutual Funds
Date: 11/10/1998 11:33pm
I am unclear as to how a question about Rydex and Profunds allowed you
to
bring Greg Meadors and Mastertimer/Smartimer into the reply. What
value is
Greg Meadors record from 4 years ago anyway? Do you have a business
relationship with them?
In any case, I had some interest in what was being promoted at this
site.
In looking at the site, a large part of their performance record is
based on
hypothetical results. I asked for specific, current performance
information
such as what would be the value of $1000 invested on Jan 1, 1998. I
communicating with a person named Elton Borton and he said he is the
actual
trader for their managed funds. I doubt that Greg Meadors has
anything to
do with the day-to-day operations. I was never able to get the
information
but was instead given one excuse after another or asked for
information that
I had previously provided. He kept asking for my snail mail address
even
though they have this on file since they send me information every so
often.
I didn't want their standard packet of information since I already had
that
and it did not answer my questions. Elton seemed incapable of
understanding
this. Anyway, here's the ending excerpt from the emails we were
sending
back and froth. My original request for information began on Sept.
27th, a
little over a month earlier.
This last message from me was posted on Oct. 30th.
Still busy <g>? Or simply unable to provide standard performance
information? Don't bother yourself anymore. Given your continued
excuses
and lack of professionalism, there is essentially zero chance that I
will
give you any of my money or have anything to do with your firm in the
future. I do intend to post this information online so that others
are
aware and warned.
JW
abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
-----Original Message-----
From: Elton Borton [mailto:smartimer@xxxxxxxxxxxxx]
Sent: Tuesday, October 20, 1998 2:34 PM
To: abprosys@xxxxxxx
Subject: Re: Performance
REPLY . . .
I am still Working on it. I have been extremely busy lately!!
Regards, Elton Borton
-----Original Message-----
From: JW <abprosys@xxxxxxx>
To: Elton Borton <smartimer@xxxxxxxxxxxxx>
Date: Monday, October 19, 1998 12:21 AM
Subject: RE: Performance
>Still waiting on you....
>
>JW
>abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
>
>
>-----Original Message-----
>From: JW [mailto:abprosys@xxxxxxx]
>Sent: Monday, October 05, 1998 8:43 PM
>To: Elton Borton
>Subject: RE: Performance
>
>
>YOU HAVE MY ADDRESS ON FILE. I've told you this before and if you
would
>scroll down a ways, you would find it there! I don't see what the
>difference is between email and snail mail? You have a better chance
of me
>reading email than snail mail, most of which I toss unopened.
>
>In any case, you make this seem like I am making an unreasonable
request.
>All I am asking for is standard info generally available easily and
with a
>one-time request from ANY mutual fund. I am completely surprised
that
>people hand money over to you to manage without asking for clear
performance
>information!
>
>JW
>abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
>
>
>-----Original Message-----
>From: Elton Borton [mailto:smartimer@xxxxxxxxxxxxx]
>Sent: Monday, October 05, 1998 3:22 PM
>To: abprosys@xxxxxxx
>Subject: Re: Performance
>
>
>REPLY . . .
>Perhaps if you would leave me your mailing address, I might be able
to
>gather some of this information for you and get it off in the mail to
you.
>Regards, Elton Borton (smartimer@xxxxxxxxxxxxx)
JW
abprosys@xxxxxxx <mailto:abprosys@xxxxxxx>
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of Terry S. Smith
Sent: Tuesday, November 10, 1998 4:19 PM
To: RealTraders Discussion Group
Subject: Re: Rydex and Profunds Mutual Funds
Contact Rydex directly at (800) 820-0888. Greg Meadors and David Pope
will
do the switching for you for a small quarterly fee. In 1994 Greg
Meadors won
the 3 year Stocmarket Trading contest Competing against 21 well known
Market
timing professionals. He won the contest with a 276% return on equity.
Check them out at www.mastertimer.com . Hope this helps.
-----Original Message-----
From: EK <ekaneda@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, November 10, 1998 12:40 PM
Subject: Rydex and Profunds Mutual Funds
>Does anyone know how to get information on Rydex and Profunds Mutual
Funds?
>
>
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