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Get the Lipper Mutual Fund Guide out of Barron's Magazine (comes in it at
the end of each quarter)
Look for the best performance over the last 20 years, or 15 years- basically
the LONGEST time frame that the fund/group was tracked. It becomes very
obvious who the best ones are. You might also look for the names of the
funds/groups that got badly beaten up in the "Dot Bomb" era. Avoid those
guys at all costs (sorry guys) Put the $$ with the professionals that
didn't get suckered into that bubble- and don't put it with guys that just
started in March of last year and show an incredible return of their only
one year in business!
I promise I won't attempt brain surgery, Dr., if you don't attempt to get
involved with this business!
It took me about most of my twenty years in this biz to learn how to just
keep ahold of the money you have, and not lose it. That doesn't sound like
a big deal. But then just look at the Lipper guide and see those big names
that got hammered. They were probably run by some 20 something MBA (that was
in diapers in '82) out of some smart school that thought a "bear market"
was a store that you bot bears at. And I'd stay away from brokers*, (sorry
to you too, guys)because, after you have done your homework in the Lippers
guide (my 12 yr old could do it) you shouldn't have a need to give a penny
to any bloodsuckers anywhere. Invest DIRECTLY with the fund. You can also
buy stock directly from many companies, commission free.
There's my thought,
VBest Wishes,
Marc Miller
*Except Jimmy!
----- Original Message -----
From: "RB" <rhodes@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Saturday, February 21, 2004 4:35 PM
Subject: investing-trading
>
> I have a friend who wants to know what is the best, lowest cost ways to
> invest-trade the stock market. This would NOT be any daytrading, really
> not much trading at all, but he will keep an eye on things and may want to
> move in and out at times in the future, but deffinately not a lot of
> trading.
> He asked about Mutual funds, Index funds, Exchange Traded funds. He
wanted
> to know which had the lowest cost, fees, commissions etc.
> Also any other suggestions on this?
> Any comparisons on the abouve as far as cost, brokers, fees, commissions,
> etc.
> What do you use and like?
> What would you recommend?
> Which brokers?
>
> Any info about any of the above would be very helpful.
>
> Thanks,
>
>
>
>
>
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