Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: Valery Portnov who wrote (1875)	12/14/1997 5:27:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 3696

Val, The Gardner brothers have a habit of pointing out that investors who buy SPDRs (AMEX:SPY for the S&P 500) have historically beat more than 75% of fund managers; more than 85% during the past decade and more than 95% during the past 3 years. And they don't even point out half the abuses of unitholders by the fund managers. I've never seen the Gardners talk about Soft $, IPO spinning to private accounts or even trailer fees. Most mutual funds tend to be a means of transferring wealth rightfully should go to unitholders to various other constituencies. And as long as the general public remains uneducated or uninformed, this "theft" will continue. Ian