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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (4162)3/15/1998 2:57:00 PM
From: Steve Hallam  Read Replies (1) | Respond to of 42834
 
I2,

Thanks for your thoughtful (and quick) responses. This is a great thread for helpful info.

RE: "RE: "Second, I have heard Mr. Brinker say that if he could hold only one fund it would be the Vanguards' Total Stock Market. Has anyone heard if he has a second favorite ("if I could hold only two funds......")."

I assume that you realize that Bob is talking about the U.S. portion of equities when he makes that statement. I haven't heard any "second choice" mentioned."

Does this mean that Mr. Brinker has a fund he favors over the Total Market (i.e., outside the U.S. market). He did say yesterday that Europe was a buy (rather than DCA).

RE: "RE: "First, I have heard it said that one should not write checks against GNMA accounts (for example Vanguard). I have yet to hear an explanation of why."

The only reason I can think of is the tax issue. Since GNMA funds fluctuate in share price, each check you write will probably result in a capital gain or capital loss. That means that you would have a line on Schedule D of your tax return for each check."

Sounds like this would be more of a headache than a significant financial liability since the fluctuations in GNMA are fairly minor. True?

Thanks
Steve