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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Kirk © who wrote (11731)2/5/2000 11:56:00 AM
From: Allan Harris  Read Replies (1) of 15132
 
Plain talking risk disclosure language from Mutual Fund prospectus:

Risks of Investing in IPS Millennium Fund

We buy scary stuff. You know, Internet stocks, small companies. These things go up and down like pogo sticks on steroids. We aren't a sector tech fund, we are a growth & income fund, but right now the Internet is where we think most of the value is. While we try to moderate the consequent volatility by buying electric utility companies, Real Estate Investment Trusts, banks and other widows-and-orphans stuff with big dividend yields, it doesn't always work. Even if we buy a lot of them. Sometimes we get killed anyway when Internet and other tech stocks take a particularly big hit. The "we" is actually a euphimism for you, got it?

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