Re: persfin-digest V5 #36

From: James Garcia <jimgarcia@yahoo.com>
Subject: Re: persfin-digest V5 #36
Date: Fri, 24 Jul 1998 17:45:06 -0700 (PDT)

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> kmealy@juno.com (Keith Mealy) asked:
> Subject: Mutual funds Supermarkets

> These look like a terrific way to consolidate 
> bookkeeping and allow easy rebalancing and exchanges.
> - does anyone have the list of where these 
>   supermarkets are?

most discount brokers have them now. 
check their web sites.

> - do they allow existing shares to be transferred in?

Schwab did, but after the xfer, they didn't know what
my cost basis was, so they can't give you cap gain 
reporting. For tax reporting I was on my own. 

> - if a fund is a transaction fee in one supermarket     is it a
transaction fee in all supermarkets?

no. you'll find different NTF funds in each s-market.

> - the couple that I've looked at have a fixed fee per >  
transaction, are there any supermarkets that are >   friendlier to DCA
(dollar cost averaging)?

for DCAing, you really want to find a supermarket
with the fund you want as a No Transaction Fee fund
or find a fund you like in the supermarket. Or deal
directly with the fund itself. Example, I don't think
Vanguard is NTF with any supermarket. 

> - which supermarkets will do DCA for your account     automatically?
 
Probably every one. If you want to send them money automatically, very
few will turn you down.
Go to their web sites. Get a phone #. 
Call them and ask them these same questions.
Good Luck.   Jim Garcia    jimgarci@pacbell.net

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