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Pastimes : Memorial fund in memory of Edwarda -- Ignore unavailable to you. Want to Upgrade?

To: Neenny who wrote (195)	8/7/2000 5:48:57 PM
From: James R. Barrett	Respond to of 240

That's great Jane. Now we have four potential members. You, Holly, FT and me. Now if we can get six more people interested we can begin setting up the "Edwarda Memorial Investment Club". We will need a list of stocks to select from. I would like to suggest using Jim Jubak's "Future Fantastic 50 Portfolio" at moneycentral.msn.com Jim

To: Neenny who wrote (195)	8/7/2000 6:19:21 PM
From: James R. Barrett	Read Replies (1) \| Respond to of 240

Jane, this is how the club would work. Each member would own an equal percentage. Ten members would own 10% each. Forty members 2.5% each. Sixty members 1.666% each. Lets assume the first ten members chip in $200 each on Oct. 1st. We buy $2,000 worth of stock on Friday Oct.6th. Now say another SI member wants to join the club on Oct. 24. He/she will have to pay 1/10 of the total portfolio value as of Fri. Oct. 27. If the fund's value has gone up to $2234 he/she will pay $223.40 to join. Each member will now own 1/11 of the fund. A 12th member would pay 1/11 of the fund's value and so on. If the value of the fund went down to $1800 the 11th member would only pay $180 to join. Each member would continue to contribute an agreed upon amount each month or every three months to buy more stock. We will need to set up a taxable trust account with an online broker. I would suggest Ameritrade, $8 per trade. Do you have any questions or possible improvements to the idea? Jim