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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Joseph G. who wrote (2050)5/29/1998 4:39:00 PM
From: John Dally  Read Replies (1) of 86076
 
Ciao Joe, have a good time . . .

All, I think you'll appreciate this: venture-capital fund, internet, & CREDIT CARDS! Excerpt from today's WSJ:

Do Mutual Funds Take Plastic?
The Answer May Soon Be Yes

By JOHN R. EMSHWILLER
Staff Reporter of THE WALL STREET JOURNAL

Mutual funds on a credit card?

The U.S. Securities and Exchange Commission may have
opened the door to just such a thing. It gave its approval last
week to a plan that would allow investors to use credit cards
to buy shares in a recently formed venture-capital fund being
marketed exclusively over the Internet. If ordinary mutual
funds are interested, it appears that they might also win SEC
approval to take MasterCard and Visa as payment for fund
shares.
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