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
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