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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (14678)	5/23/1999 11:17:00 AM
From: Haim R. Branisteanu	Respond to of 99985

Mutual funds lose their glamour Copyright © 1999 Nando Media Copyright © 1999 Associated Press NEW YORK (May 23, 1999 1:22 a.m. EDT nandotimes.com) - It was bound to happen sooner or later: Mutual funds aren't trendy any more. After enjoying a long vogue as the bull-market place to be, funds have lately shown signs of falling out of fashion. They look slow and stodgy to some fast-money traders who now aim for quicker payoffs trading stocks directly on the Web. "The retail investor is seeking new ways to invest," says Steven Eisman, financial services analyst at the investment banking firm of CIBC World Markets. "Day trading through Internet brokers has attracted individual investors away from mutual funds." But before you rush to jump on this ballyhooed bandwagon, stop to reflect on your long-term goals and how you set out to accomplish them in the first place. To some thoughtful observers, the recent market action that has enticed people into direct trading actually makes funds more appealing than ever, reinforcing the case for the diversification they provide.