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 : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (1324)	1/4/1999 3:34:00 PM
From: Brian Malloy	Respond to of 41369

Could be that Brinker is wrong: As you point out there could be a potential loop hole for some funds. For certain funds, '99 was considered to start on Wednesday of last week. However, I always thought that the S&P was on a calander clock not a fiscal one though <hmm>. It would be interesting to know why Vanguard was able to buy early if in fact that is the case. Regards,

To: sam who wrote (1324)	1/4/1999 4:24:00 PM
From: 1SFG	Read Replies (2) \| Respond to of 41369

<What Is Indexing? "Indexing" simply describes an investment approach that seeks to parallel the investment returns of a specified stock market (or bond market) benchmark, or index. The investment manager attempts to replicate the investment results of the target index by holding all - or in the case of very large indexes, a representative sample - of the securities in the index. There is no attempt to use traditional "active" money management or to make "bets" on individual stocks or narrow industry sectors in an attempt to outpace the index. Thus, indexing is a "passive" approach emphasizing broad diversification and low portfolio trading activity.> May we please put this to rest about what an index fund is, at least. This is from the Vanguard site--part of their educational process for investors. Please note that the manager doesn't even attempt to "outpace" the index. Think that has been my point all along. Also, if you go to their site they further explain that because of the low trading activity the fees are lower, not high, as you previously stated.