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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: vampire who wrote (408)	10/13/2001 8:45:52 PM
From: Triffin	Read Replies (1) \| Respond to of 99280

(or enough for the Rydex or Profunds families minimum's which woulda been ideal) Lower RYDEX minimums if you trade them thru Fidelity or Schwab .. 1% fee when you sell if held for less than 180 days though .. Jim in Ct ..

To: vampire who wrote (408)	10/13/2001 9:53:48 PM
From: Phil(bullrider)	Respond to of 99280

Metsin, I have a friend who wants to try his hand at timing the market but doesn't have enough money for individual stocks (or enough for the Rydex or Profunds families minimum's which woulda been ideal) It sounds as if she/he want's to start with almost nothing and make a bundle. With all due respect, your friend sounds a lot like some that made a few dollars in the market, got greedy, leveraged everything, and lost it all. I believe your friend will be among the losers unless she/he is extremely lucky or extremely savvy. I believe you should point them to some "blue chip DRIPS", let them get a feel for the market, buy individual stocks in small lots, and go from there. IOW, set up their own "mutual fund". Have fun, Phil BWTHDIK

To: vampire who wrote (408)	10/14/2001 4:13:59 AM
From: stevenallen	Read Replies (1) \| Respond to of 99280

Perhaps your friend should try using QQQ to jump in and out of the market - that way he won't be limited to end of day price and he'll also have full visibility. SPY and Sector Spiders with good volume could work as well, but stay away from the little stuff for liquidity reasons. With an on-line discount broker the cost of trading shouldn't be too bad on a percentage basis, unless he's playing really small positions. If the positions are indeed that modest, he should consider TIAA-CREF mutual funds - very low expense ratios and they'll let you trade in and out of each fund three roundtrips per month. They don't have a large assortment of funds but enough to make it possible to trade at least every few days. With that being said, I wouldn't advise your friend to do any of this unless they have extensive experience and a great source of information that will allow them to time the market successfully. Many have tried, amateur and pro alike, and have been quickly humbled!