Poway,
Actually the 3 year and 5 year return numbers that you quoted are annualized already i.e. FDIVX on average has returned 17% per year for the last 5 years for a cummulative return of close to double the original investment 5 years ago. Now I know why you maybe so bearish about stocks :).If you kept applying the same math, while searching for mutual funds for your retirement, you would always be seeing that most funds end up returning less than the 5.5% CDs (just kidding).
