Gorilla and King Portfolio candidates - Moderated Message Board

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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated

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To: Mathemagician who wrote (105)	10/28/2003 11:35:29 AM
From: Jay	Read Replies (2) of 2955

I'm sure there is more, but here it is in a nutshell: Mutual funds are generally intended for long-term investors, and prices are generally set once a day. But if allowed to move quickly in and out of funds, investors can sometimes take advantage of late-day information before the new prices are set. Essentially, profits won by market timers skim money at least indirectly from others who own shares in the funds. chron.com Jay

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