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Technology Stocks : Network Associates (NET)
NET 232.87+3.1%Nov 7 9:30 AM EST

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To: Chuzzlewit who wrote (4080)1/24/1999 12:16:00 AM
From: Joanna Tsang  Read Replies (1) of 6021
 
DON'T buy mutual funds! You can do a lot better with individual stocks. If you buy a dozen big cap stocks like LU, IBM, TYC etc. you can effectively set up your own fund without paying the fund managers for their expenses. And if you don't churn the account you will be doing much better than they do.

Yes, EXCEPT the fund I've quoted is a no load INDEX fund! My limited understanding of mutual funds tells me that index funds doesn't have a fund manager. It follows an index. (In this case, the index is the Wilshire 5000 Index, which the S&P 500 Index is part of. Very low rates...$10 a year (waived if the account has $10K or over.)

Here's what I'm looking at...

majestic.vanguard.com

I do agree that MANAGED funds are crappy and I'm better off buying my own big cap stocks and letting it sit. But this one seems to perform pretty well consistently and the expense is pretty low (NADA if I have $10K or over to invest.)

Tell me what you think...

Cheers,
Joanna
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