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Pastimes : Ask Mohan about the Market

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To: Mike McFarland who wrote (14535)3/2/1998 12:34:00 AM
From: Bonnie Bear  Read Replies (1) of 18056
 
Mike: a suggestion for something I'm going to do:
for retirement I am setting aside some money for buying the stocks of the people who manage the pension funds, rather than buying into their mutual funds. Here's my list: STT LM AVZ BEN BSC DLJ MER MWD WDR (an IPO) there's probably a few others but these are most of the biggest/best. Don't look at them for twenty years, add to them when things look terrible. Chances are quite good you'll do two-five times better than in a stock-bond mutual fund, and chances are quite good you'll only be holding three or four stocks when you're done as this industry is going to consolidate. If times are bad they'll be generating a huge dividend. They're all internationally diversified so it's better than trying to figure out what to buy or who to buy it from, you don't have to pay management fees, and you don't have to worry about buying overpriced stocks at the wrong time. The stocks of all these companies handily outform the best of their funds. :-)
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