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Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (2023)	11/6/2002 1:38:11 AM
From: lifeisgood	Respond to of 2063

Read somewhere (Barrons?) that money market fund managers are trying hard to cut their fees as interest earned on the money in the funds is often below their management fees (which are usually quite low). Anyway, money market funds are in trouble if management fees exceed the interest earned. They will no longer be a "safe haven" for cash. best... LIG

To: John who wrote (2023)	11/6/2002 9:23:39 AM
From: Bernie Goldberg	Respond to of 2063

Hi John, There is no problem with MM funds other that the simple fact that the Fed has cut rates 11 times in a row. The problem with Pro Funds is that their expense ratios are higher than the rest of the known universe which I tried to explain to you some time ago. At that time Pro Funds prices were much higher than they are at the present and you explained that you were willing to pay those outrageous "fees" (that is what an expense ratio actually is) to won the funds. In any event now that that the markets have experienced this major downturn ProFunds "lack of clothing' has been exposed. to answer your question,Money markets are still safe. Compared to UOPIX they are still making money, albeit not as much as earlier.

To: John who wrote (2023)	11/25/2002 2:51:44 PM
From: OldAIMGuy	Read Replies (2) \| Respond to of 2063

Hi John, Just to let you know two things: 1) We parted company with 6% of our UOPIX last Friday. It was the first sale since re-starting the account in July at $11.82. This sale turns a FIFO gain of nearly 20% and a LIFO gain of about 60% from the last buy we made. 2) The Idiot Wave rose out of its Low Risk range for the first time in 19 weeks last week. This isn't where I'll get cautious yet, but is a sure sign of direction change. When the IW heads into its High Risk range we'll again bail out of UOPIX and head for calmer waters of the Bond fund. Best regards, Tom