Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 6/7/83; site hao.UUCP Path: utzoo!linus!philabs!seismo!hao!band From: band@hao.UUCP Newsgroups: net.invest Subject: Questions on mutual funds Message-ID: <579@hao.UUCP> Date: Thu, 14-Jul-83 19:24:00 EDT Article-I.D.: hao.579 Posted: Thu Jul 14 19:24:00 1983 Date-Received: Fri, 15-Jul-83 11:30:10 EDT Organization: High Altitude Obs./NCAR, Boulder CO Lines: 36 I just got an advertisement from "The No-Load Fund Investor", a quarterly mutual funds investment advice service. I have no experience with stocks - I'm timid but interested. I haven't much to invest and would rather not lose it (which, of course, makes me unique). So I come to the experts in this corner of the net. Are these guys for real? They sound too get rich quick slick. It sounds like the sort of thing I expect to find in matchbooks and in the back of "Psychology Today" [ :-) ]. If (no-load) mutual funds are so good and failsafe, why doesn't everyone use them? If the people who direct the investments of the funds are clever enough to always make lots of money with the fund's portfolios, why are they doing it? Why not just invest their own money and get rich themselves? And are the publishers of "The No-Load ..." rich from their mutual fund investments? Does anyone out there use the advice in the "The No-Load Fund Investor"? Will anyone out there admit to owning shares of, say, "44 Wall Street" (111% !) and to enjoying having doubled their money in the last year? Are mutual funds listed with other stocks in the paper? If not, how does one keep track in real time on how the investments are doing? I sound skeptical because I am skeptical of anything that sounds too good to be true - because it usually is. Peter Bandurian ucbvax!hplabs!hao!band decvax!brl-bmd!hao!band seismo!hao!band