MUTUAL FUND STUPIDITYWritten by AL THOMAS
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which fund you are buying as long as it is outperforming all others. There is one sure way to increase your return and that is not to pay commission. That is called a “load” in industry and it might not show when you buy it, but be charged when you sell. No load funds do as well and better than load funds. Now many funds are adding redemption fees. It is an excess charge of a flat dollar amount to as much as 2% of your sale if you sell before a certain period of time. If their fund is declining they don’t want you to take your money out so they put this additional charge as a way of keeping you in. There is a new group of mutual funds that is called Exchange Traded Funds. There are hundreds of them and they are becoming bane of traditional mutual funds. These trade like stocks, can be bought or sold during day with permanent stop loss orders in place. The commission charge at most discount brokers is $15 or less. Their expense ratio runs close to zero so you also save money there. A win, win, win for investor. Mutual funds will discourage investors from buying these only because they don’t want to lose your account. There are many sources of information about ETFs and easiest is www.google.com . Just type in ETF and you will be inundated with all you need to know. Unless mutual funds stop chasing customers away with high commissions, redemption fees and poor performance ETFs are going to take a large portion of investor funds.
F*R*E*E investment letter www.mutualfundmagic.com Author of best seller "IF IT DOESN'T GO UP, DON'T BUY IT!" Never lose money in the market. Copyright 2004 Albert W. Thomas All rights reserved. Former 17-year exchange member, floor trader and brokerage company owner.
| | Real estate portal attacked by hackersWritten by George Barrows
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RealEstateGates.com started receiving hundreds of letters of dissatisfaction and even containing threats to claim corresponding authorities to prevent from spamming again. The team of programmers supporting Real Estate Gates launched a campaign on preventing real threat that portal faced. In course of campaign IP-addresses had been detected and necessary measures taken. Within framework of campaign, mailer that had been used before was modified and will from now detect any intrusions and quit functioning at once, so that people received no fraudulent letters. RealEstateGates.com regrets about what happened and presents thousands of apologies to people who received letters and considered portal to be a spammer. We hope that will never happen again. And even if it does, we will do everything to keep our users, as well as those throughout internet on safe side. George Barrows Security Service Manager Real Estate Gates ( http://www.realestategates.com )
RealEstateGates.com officially announces of the hacker attack...
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