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Technology Stocks : America On-Line: will it survive ...?
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To: THE PHANTOM who wrote (12544)12/19/1998 2:21:00 AM
From: LindyBill  Read Replies (1) of 13594
 
I have only about 15% of my portfolio in a no load fund.
Sounds good Phantom, but even the "no loads" grind you a management fee each year, don't they? What I don't like about Mutual Funds is that they can't take more than a 5% position in any company, and have to buy so many companies that they end up with some dogs that drag their performance down each year. I remember Lynch, in his book, complaining that he could not buy all the Chrysler or Fannie Mae he wanted, because of this.
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