Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (19330)	5/25/2002 5:16:57 AM
From: Moominoid	Read Replies (2) of 74559

I'd say Vanguard is a good place to start, because they have some of the lowest management fees... flagship.vanguard.com Then you might as well buy SPY or whatever? No? I have even less clue about US closed end funds. I need to get a clue because now I will be earning US dollars I need to invest them sensibly rather than just playing around with US dollars as I have up till now. Unless I transfer them back to Australia.This is what I have in my parents' US account with Schwab (maybe 7% or so of total assets): BRK.B EWA JBX JNY LE MDY MSFT QQQ SWY UIS Some have lost but we are up reasonably since mid-1998 when we started. Closed end funds could be useful there too I suppose. I am looking for the NDX to hit the upper trendline and then dump the tech junk and get some golds.... LE is currently best performer of those. Need to reinvest the LE cash too. In the past we've also held: AAPL , JPM, KELYA, SPY. David

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