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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST
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To: Valery Portnov who wrote (1875)12/14/1997 5:27:00 PM
From: Ian@SI  Read Replies (1) of 3696
 
Val,

The Gardner brothers have a habit of pointing out that investors who buy SPDRs (AMEX:SPY for the S&P 500) have historically beat more than 75% of fund managers; more than 85% during the past decade and more than 95% during the past 3 years. And they don't even point out half the abuses of unitholders by the fund managers.

I've never seen the Gardners talk about Soft $, IPO spinning to private accounts or even trailer fees. Most mutual funds tend to be a means of transferring wealth rightfully should go to unitholders to various other constituencies. And as long as the general public remains uneducated or uninformed, this "theft" will continue.

Ian
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