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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (29526)	10/29/1999 7:17:00 PM
From: coolcat	Respond to of 50167

this is a test

To: IQBAL LATIF who wrote (29526)	10/30/1999 6:15:00 PM
From: InvestorP	Read Replies (1) \| Respond to of 50167

I am looking for a web site that can let you search for a company's next earning date with ease. Anyone knows of such site? Peter

To: IQBAL LATIF who wrote (29526)	10/31/1999 7:44:00 PM
From: LABMAN	Read Replies (1) \| Respond to of 50167

from NY POST DOW GETS TECH MAKOVER By BETH PISKORA The introduction of Microsoft and Intel to the Dow Jones industrial average, starting tomorrow, could be the death knell of the S&P 500 index for investors. Here's why: Dow Jones & Co., which owns the Dow Jones industrial average, just started allowing mutual funds to create portfolios linked to its performance last year. Previously, investors seeking to mimic the market's returns were forced to use an S&P 500 fund. The updating of the Dow will make even more mutual fund companies interested in creating Dow-indexed products, since it's much less expensive to buy and hold 30 stocks in a portfolio than 500. Index fund investors are always looking for the lowest expenses possible. "For long-term investors, there will be little difference in overall portfolio returns," said Ken Fuller, a vice president at T. Rowe Price. "Over longer periods - say 10, 20 or 30 years - the Dow and the S&P track very closely, with the wide variances only in shorter term periods. So the question investors will be asking themselves is whether they can get away with just buying the Dow 30 to make market returns." Also, as investors turn increasingly to direct purchases of stocks - rather than owning equities through mutual funds - they have the ability to create a portfolio that tracks the index with only 30 stocks instead of 500. Better yet, they can pick only the winners - just like Dow Jones & Co. did when it changed the index. Look at the 10-year returns of the new members of the Dow, compared to those for the companies that are being kicked out. Microsoft is up 7,395 percent, while Intel is up 3,409 percent. Home Depot has a gain of 2,510 percent, and SBC Communications is up 358 percent. By contrast, Union Carbide posted a return of 824 percent, and Sears got 335 percent. Chevron is up 281 percent, and Goodyear Tire is up only 179 percent. Depite the wide use of the Dow in calculating market gains, the S&P 500 index is the benchmark that almost all investors use to compare the rates of return of their own portfolios. In addition to Microsoft and Intel, the other new Blue Chips are SBC Communications and Home Depot. They replace Sears, Chevron, Union Carbide and Goodyear. "It's a reflection of the Dow wanting to be more aligned with the U.S. economy," said Christopher Galvin, an analyst with Hambrecht & Quist. By adding technology bellwethers like Microsoft and Intel, the Dow finally recognizes how important technology is to the U.S. economy. E-Mail This Story to a Friend Your Name Your E-Mail Address Your Friend's E-Mail Story Index \| Home Delivery \| Contact Us \| How to Advertise Customer Service \| Privacy Policy \| E-Mail Directory Other Newscorp Sites New York Post®, nypostonline.com™, nypost.com™ and newyorkpost.com™ are registered trademarks of NYP Holdings, Inc. Copyright 1999 NYP Holdings, Inc. All rights reserved.