Prudent Bear Fund (BEARX): contrarian investing Message Board

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Pastimes : Prudent Bear Fund (BEARX): contrarian investing

BEARX 4.080

0.0%

Nov 6 4:00 PM EST

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To: Tommaso who wrote (560)	2/10/1999 10:50:00 AM
From: Don Westermeyer	of 793

But right now I have no alternative to BEARX because my Quick and Reilly IRA doesn't allow purchases of any other bear funds. Actually BEARX has done pretty well compared to other bear funds. I'm not too sure I'd bet IRA money in some of those funds anyway. Some are down about 90%. If the sky-high valuation of the market has you concerned, I might suggest a fund that is more market neutral. For instance Merger fund makes about 10%/year on merger plays. Since the fund shorts will short an acquiring company, there is little market risk in the fund. That fund is good for an IRA because it pays out a lot of short term gains due the the nature of it's business. There are other 'market neutral' or low risk funds out there also. FWIW - Here is what my portfolio looks like: 1. 10% BEARX 2. 35% Some stock picks based upon mergers. 3. 35% Junk bonds 4. 20% Invesco Industrial Income fund (401-K) I also trade (especially on the short side) stocks like AMZN.

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