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To: THE FOX who wrote (10436)3/13/2000 1:53:00 AM
From: steve in socal  Read Replies (1) | Respond to of 18928
 
hey fox---i just returned from a short week-end in 'vegas, "best-manning" at a wedding. my first trip in 3 years, and the town has certainly changed. not for the better, imho. but, you have to remember, i've been going on a pretty regular basis for 40 years, and there is not much of anything i enjoy that wasn't better 40 years ago. (better not let my current wife read this post).

it's fun to dream with the "next" generation. on my recent trip to costa rica, my son (who lives there) and i plotted all sorts of business related and financial adventures.

as soon as i figure out what he's talking about, i'll be able to decide.

win that lottery and come in may!!!

regards,

sk

p.s.---for those of you planing to attend, i left a few dollars here and there, but managed to bring home almost twice as much as i went with. the roulette wheel at the venetian was kind and evidently knew my daughters birthday is october 20. in ten spins, the numbers 10 and 20 came up SIX times. such a scientific approach!



To: THE FOX who wrote (10436)3/14/2000 8:18:00 AM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi,
You and your son-in-law could check out this site.
smartmoney.com
Bernie



To: THE FOX who wrote (10436)3/19/2000 8:05:00 AM
From: OldAIMGuy  Respond to of 18928
 
Hi Bob, A friend of mine in Ohio did such a thing about 15 years ago. He created a limited partnership initially. He acted as the general partner and the limited partners piggybacked on his management of the pooled resources.

I put a few $$$ in his partnership way back then and have used his excellent stock selections many times in my own portfolio. Many stocks I still have in my account first came to my attention through him. (VLSI and CGNX come to mind first). Since our "management" styles differed, we have had different results. He usually buys a stock with a goal in mind and sells once that goal is achieved - assuming no change in fundamentals has occurred. I use AIM. Guess who's still involved in many of his better picks? :-) Usually I've made more money that he has with the same stocks. This rattles him, but not enough to actually get him to try AIM!!!

In any case, if you set up such a "business", remember that it will have to eventually pay you (or your son) and maybe a staff or at least an accounting firm for your time and expenses. The "seed" capital has to be large enough to generate enough revenue to pay these things and still make the initial investors happy. (this is why small mutual funds seem to have higher annual fees than large ones - costs are spread wider in large ones)

There's nothing wrong with a bit of day dreaming. I just got back from a week on the beaches of Florida's west coast with my family. How's that Jimmy Buffett song go? "Mother, Mother Ocean....."

Best regards, Tom