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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: budweeder who wrote (16972)	10/1/2001 3:01:45 PM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18929

Hi Bud, I have grown to dislike mutual funds to the point where I doubt that I would ever get involved with them again, once I get rid of the ones I currently own. I don't know how long that will take...I see no point in selling at the bottom. I feel more comfortable AIMing stocks. With stocks, I have a better idea about what I own and, with AIM, I know that I will very likely be buying, not selling (like some mutual funds), at the bottom. All the stocks I am AIMing are currently profitable; all my mutual funds are not. Maybe, it's just me. Anyway, I'll go with the flow. Regards, Jack

To: budweeder who wrote (16972)	10/2/2001 9:14:22 AM
From: rgammon	Respond to of 18929

She has two motives for 'taking control' 1. She feels the need to be more in control of her finances. At age 35 or so and divorced in the last 3 years, she is beginning to see that she is no longer a spry young chicken. My discussions and e-mail with her have exposed a vast chasm of information that she was not aware of. She has been talking about this for over a year, almost since we began. Her worry was that I would take a job in another town, or die (auto wreck, murder, cancer, heart attack...), and then where would she be? 2. Expenses, expenses, expenses. And on the Mutual Fund topic, I stand with Jack, no MFs for me. One more item for consideration in why we should not have MFs - With stocks, I have no one else to blame if the investment turns sour. With a MF, it is easy to blame the fund manager, and leap to a fund manager that has been showing a hotter hand. We in America find it all too easy to lay off the blame for mistakes WE make onto someone else. The ONLY consideration for a MF (IMVHO) is when you are seeking an investment of some type where no direct investment is possible. For instance, Korea does not permit direct investment in Korean stocks by non-Korean investors. So, to AIM Hyundai, Samsung, etc. we have the closed end funds and possibly something from Franklin Templeton. Another example is foreign government debt. Robert