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Strategies & Market Trends : Action & Options- Taxikid plays

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To: taxikid who wrote (3068)	12/18/1997 1:40:00 PM
From: Caroline	Read Replies (2) of 4339

I think it was Richard Pryor in the first Superman. He discovered some major money house stealing all the rounding errors. It seems that several mutual funds I own can't count. For example, on 9/26, Dodge & Cox Stock gave my IRA a dividend at $101.64/share. On the same day, they gave my regular account a dividend at $101.72/share. This has been consistent throughout the process of moving to a new software package. Everything is wrong wrong wrong, and almost all of it is just a few cents. Fidelity Funds Network is the same deal. Don't even talk to me about American Express. At maybe .20 per customer per year, at 14 gabillion trillion dollars inflows/dividends distributed, how much do these financial institutions steal each year (tax free)?

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