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Strategies & Market Trends : The Internet Fund: WWWFX - Fund for the 21st Century? -- Ignore unavailable to you. Want to Upgrade?

To: Tony Harper who wrote (25)	3/15/1999 2:17:00 PM
From: Stuart C Hall	Read Replies (1) \| Respond to of 213

I'm looking at getting in too. I received a packet from WWWFX and the only brokers that handle their fund are: Ameritrade DLJ Pershing Group Fidelity Jack White Waterhouse If this isn't your broker you have to buy direct or open a new account. I'm already at ETrade and am considering opening up DLJ so I can buy WWWFX. I also feel I need a back up to ETrade anyway. Anyone have any recommendations on brokers from the above list? I'm also heavily into CMGI which I see as a similar type of investment. Good luck all. Stuart

To: Tony Harper who wrote (25)	3/15/1999 6:53:00 PM
From: astyanax	Read Replies (1) \| Respond to of 213

Ha, regarding "late to the party", that sounds like me when it comes to market-timing. I always had the knack for buying at market peaks and selling at the lows. So I don't play the market-timing game anymore, just a dumb old buy-n-hold based on fundamentals. I'm glad you found the thread, yeah it died a month ago. If you've seen my webpage, you know my horror stories in dealing with their customer "service", although, like I said, they are getting better now that they are outsourcing all administrative duties. As for buying from Merrill Lynch, I don't think you can. A whole lot of fund companies don't list WWWFX as an option. I found out the hard way when I was at Quickwaynet.com (Quick & Reilly) and E*Trade apparently doesn't recognize this fund either (which shocks me). The Internet Fund Hompage lists the 5 major brokers that offer shares. Anyway, the big advantage of this particular fund is that it is no load. So you pay no charge if you purchase shares directly with the fund BUT can pay potentially huge charges if buying through a broker. For example, I regularly purchase $100 of WWWFX and switched to DLJDirect because they offered WWWFX. But much to my horror, they charge $35! That's equivalent to a 35% load!!! Outrageous!!!! And Merrill charges more than pretty much any broker on the globe. Merrill probably offers Munder NetNEt. NetNet charges a hefty 5% load, which pays for commissions that get them a lot of recommendations from major brokers. Munder NetNet is a good fund. But they buy a ton of stuff that's peripheral to the emergence of the Net as the dominant mass medium rather than going for the throat with pure plays like WWWFX. But WWWFX has diversified quite a bit with their recent foray into the telecomm sector. Well, gotta go.. - Netconductor.com Tony wrote: I'm a little late to every party, this one included. But the idea hit me last week,,maybe I should jaz my portfolio a bit with an Internet Fund. Then I found this thread. It looked like it died mid-Feb. I did manage to get a call through to wwwfx this morning. They said they would send me a kit and I could buy shares with a personal check. I asked if I could buy shares through Merril Lynch (my broker) and the guy could not answer my question. He told me to check with my broker. That seems a little strange to me. I also dicovered the Munder Net-Net Fund. This isn't as pure as wwwfx but the firm seems a little more, should I say, mature? I would be interested any comments you may have on entering a position in either of these funds. Tony