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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (13293)1/18/1998 5:40:00 PM
From: Tommaso  Read Replies (1) of 94695
 
"I'm not familiar with fund performance, except to know that 80% of the funds under perform the market."

Do you mean that funds constituted of short-term treasuries under-perform the market? I am sure that's true since automatically any management fee whatever would cut yields.

But as I have just found, the bid-ask spread for private investors makes trading the straight long-term treasuries extremely expensive in comparison with stocks (at least the strips)--I guess because a real round lot must be at least a million dollars. I haven't checked what Quick and Reilly's fee is on their government money market fund but I expect it's pretty low.
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