What Works on Wall Street (O'Shaugnessy) Message Board

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Strategies & Market Trends : What Works on Wall Street (O'Shaugnessy)

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To: Steve Price who wrote (8)	1/26/1997 3:37:00 PM
From: Brian Channon	of 109

The transaction costs would make it infeasible to spread $25,000 across 50 stocks even if you were to use a deep discount broker. Even at a brokerage commission rate of $20.00 per trade, the purchase of 50 stocks would result in $1,000 vs. $24,000 in assets, or over 4%. In lieu of purchasing the mutual fund at 1.5 to 1.7% in management fees, you may wish to accept higher risk and volatility by applying O'Shaughnessy's screens to select a 10-stock portfolio. Value Line would be a good source of historical data (for the 1,600 or so stocks included in their data base). They also provide a Windows version on CD-rom with reasonable trial offers available. If interested, they can be reached at 800/654.0508. Stockquest also provides an excellent download-able data base at very reasonable rates. Info is available at marketguide.com

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