1.2. Let's do something boring just to drive home a point: Count up the number of years in Figure 22.1 in which more than half of the mutual funds managed to beat the S&P 500 index. (Recall that the Standard and Poor's 500 is just a list of 500 large U .S. corporations-it's a list that overlaps a lot with the Fortune 500.)

What percentage of the time did the experts actually beat the S&P 500?

b. If you put it in a Standard and Poor's 500

(S&P 500) mutual fund earning an average 7% real return every year, how many years would it take before it was worth $6,000?

Until it wa worth $12,000?

c. Suppose you invest a little less than half your money in the bank and a little more