[net.invest] mutuals confusion

flink@umcp-cs.UUCP (10/21/83)

Anybody out there know anything about mutual funds?  Anybody even read this
group anymore?  (This is my first time.)
				--Paul Torek (and Adam Sandler)
				umcp-cs!flink

jpl@mhtsa.UUCP (10/24/83)

So you want to know about investing in mutual funds, eh?
well, a magazine called MONEY (published by time-life i believe)
usually has an annual survey of mutual funds, plus the status of
the top ten in every monthly issue.  Check your library.
As you can see, at least one other reads this newsgroup.

leimkuhl@uiuccsb.UUCP (10/27/83)

#R:umcp-cs:-326800:uiuccsb:15300009:000:667
uiuccsb!leimkuhl    Oct 25 13:35:00 1983


MONEY? Yucch!

MONEY gives the serious investor about as much information about investing
as Discover gives a scientist about science.  The only thing it will tell
you is what a mutual fund is,  the names of the biggies, and how they fared,
but the past performance of funds is almost never a good predictor of future
performance.

I, personally, don't trust the people in charge of funds to pick stocks for
me.

If you're really set on mutuals, I think S&P or Moody's publishes a quarterly
guide to the funds which would at least tell you which funds are
conservative and which are speculative (and who does the picking).

Ben Leimkuhler
(uiucdcs!uiuccsb!leimkuhl)