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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Marq Spencer who wrote (35550)11/28/2000 3:01:58 PM
From: Mike Buckley  Respond to of 54805
 
Marq,

I would advise against putting that $50/month in a common stock mutual fund for such a short period as nine months. The first thing that might happen is that you pay taxes on the capital gains distribution. Even worse, the fund could tank. I think money that is being "parked" until there are sufficient funds to invest in a stock should be placed in a money market mutual fund.

--Mike Buckley



To: Marq Spencer who wrote (35550)11/28/2000 3:02:44 PM
From: Uncle Frank  Respond to of 54805
 
I think it's a terrific idea, Marq. I spent the first 5 years of my investment career putting my money into an s&p500 index fund, which was a great investment. That fund became the source of funds for my entry into stock picking.

Merlin and I are like the Odd Couple <gg>.

uf


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