persfin-digest V4 #63


From: persfin-digest <owner-persfin-digest@shore.net>
Subject: persfin-digest V4 #63
Date: Thu, 24 Jul 1997 21:14:44 -0400 (EDT)


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persfin-digest         Thursday, July 24 1997         Volume 04 : Number 063



IN THIS ISSUE:

  ADVERTISEMENT:  MCI AUTOFORWARD  [Oppenheimer Software <Connect-Sales@mcim]
  Mutual Funds are Better than Stocks for the Average Person  [grover@freene]
  Re: Investment Mailing Lists?  [jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbu]
  RE:DATEK On-Line Brokerage and DRIPs?            [rfrego@blitz.net (Sarge)]
  Re: State income tax / Sales tax Web Site  [jphoebus@shore.intercom.net (J]
  Re: DATEK On-Line Brokerage                        [paul.devriendt@amd.com]
  Re: health insurance options         [Ken Stone <kstone@pantheon.yale.edu>]
  RE: State income tax / Sales tax Web Site  [Jeff Morgan <Morgajs@parsec.co]
  HELP!!  Modem Problem      ["Gary M. Oppenheimer" <0002180241@MCIMAIL.COM>]
  College/SAT bias                        [rpalma@msai.mea.com (Peter Palma)]
  Re: DATEK On-Line                                        [dmak@tma-net.org]
  Funds Won't Need to Post 1987 Yields Next Year for 10 Year Yields  [Peter ]
  Don't blame the free market!  [Susan Mangiero <mangiero@shu.sacredheart.ed]
  Re:  Limited 401(K) Options                          [johnel@ix.netcom.com]
  MetLife is a LOUSY 401(k) administrator  [raj@shiela.sbay.org (Rajesh K. S]
  Re: JTWROS versus Community Property  [raj@shiela.sbay.org (Rajesh K. Sing]
  Depreciation:  The Real Hidden Cost of Car Ownership  [Les Moskowitz <lmos]
  Re:  Effect of Capital Gains Tax cut on Market     [Jim_Shoenfelt@USFG.COM]
  Economical way to buy a SINGLE share of LMT?  [raj@shiela.com (Rajesh Kuma]
  Re: Cap. gain taxes on sale of home?         [Allan <pecanpi@primenet.com>]
  "Truth in Advertising" on Mutual Fund Yields           [jmoffit@dynamic.ca]
  state income and sales tax info        [BOB FORD <BOB_FORD@compuserve.com>]
  Will Executor Question         [David Martin <dmartin@seabreeze.hc.ti.com>]
  Any Free Checking in Westchester County, NY?  [hartwig@gate.net (Bob Hartw]
  Re:  Modem Problem                     [BOB FORD <BOB_FORD@compuserve.com>]
  Re: Silver Ingot Appraisal?                             [WDStancil@aol.com]

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----------------------------------------------------------------------

Date: Thu, 24 Jul 1997 20:17:41 -0400 (EDT)
From: Oppenheimer Software <Connect-Sales@mcimail.com>
Subject: ADVERTISEMENT:  MCI AUTOFORWARD

                                  MCI AutoForward

                        "Fax Forwarding for the E-Mail Impared"

                                   Free Coverpage
                        Up to 12 Hours of Retries on Busy Fax
                        Alternate Fax Number Option Available
                     Accepts Internet & X.400 E-Mail, plus Telex
                    Internet Vanity Domain Name Option Available
             Automatically Forward Incoming E-Mail to Fax within Minutes

                              Costs about $.35/Fax Page
        Details:($15/month + $35/year for up to 50 Fax Pages (Domestic)/Month


   Oppenheimer Software                    Authorized MCI Messaging Agency
   Tel:800-390-9379                        E-Mail:Connect-Sales@mcimail.com
   Fax:800-492-6862

------------------------------

Date: Thu, 24 Jul 1997 20:31:05 -0400 (EDT)
From: grover@freenet.edmonton.ab.ca
Subject: Mutual Funds are Better than Stocks for the Average Person

I read with interest the comment from a subscriber who says mutual funds
are the only "intelligent" way for the average amateur investor to invest.

As an investment professional and someone who has managed to amass a small
fortune (becoming a large fortune), without much pain, I have to agree
strongly. I feel the average person has neither the time, money, skill or
the resources to research stocks properly to make the correct decisions.

Mutual funds offer huge advantages: easy diversification and professional
management some of the biggest. I probably own shares in 200-300 companies
in the dozen funds I own. To get that diversification by buyihg stocks
directly would cost millions, and I can do it with as little as $50 a
month times the number of funds I wish to dollar-cost average into. I can
hire some of the most brilliant money managers to look after my money, and
it cost very little. I can select the managers who have proven over time
that they can achieve returns of 10-15% or more (sometimes much better)
over long periods of time. I counsel everyone to invest in mutual
funds,not stocks. This is a strategy that is making my rich. It's also
making my wife rich, and she's totally a hands-off investor. there's
another benefit of funds; they're totally no-maintenance (or should be, if
you do 9t correctly).

Comments? I may now get some critical e-mail from stock investors. that's
okay. My strategy works great. I can demonstrate with my portfolio. It's
safer and easy. that's good enough for me.

Wayne                                                  
- ----------------------------------------------------------------------------
Wayne Rothe                          Canada's largest and oldest INDEPENDENT
Regal Capital Planners Ltd.        mutual fund dealer and financial planners
- ----------------------------------------------------------------------------

(Editor's Comment - In return for a bit of extra research, an individual
investor can get a much higher return from stocks.  Many stocks have
doubled, tripled, and even quadrupl


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