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 Post subject: Mutual Funds Help
PostPosted: 19 Oct 2009, 12:10 
Foxxy
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Joined: 26 May 2009, 17:30
Posts: 1986
Location: St. Paul MN
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Mzz, this is actually probably mostly a question for you since you seem to really know your shit. BUT! Anyone that knows anything about the stock market, could you please help me out? After my uncle died I had all of my money invested (well, minus 5g but whatever,) and it's all invested into different mutual funds. However, while I grasp the basics as to what mutual funds and what not are, where I get confused is to how to read my statements. I see if my money goes up or down but that's I really get. And yeah yeah, I know, that's the most important part however, I would really like to understand all of it.


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 Post subject: Re: Mutual Funds Help
PostPosted: 19 Oct 2009, 12:20 
Creepy Old Man
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Joined: 24 Jun 2008, 12:35
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Ask your broker, he/she should be able to explain it to you in specifics.

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I want to leave the world the same way I came in: naked, screaming, and covered in someone else's blood.


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 Post subject: Re: Mutual Funds Help
PostPosted: 19 Oct 2009, 13:20 
Billionaire Boys Club Chairman

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Call a broker in NYC - I recommend Fidelity or TD Ameritrade - they both are quite respected and have the saavy to invest heavily in the genocide in Darfur proving they have read how Baron de Rothschild did it.

Also, there are two important factors to consider:

a) real estate tanked - but it's rising steadily back up so it's probably
b) how much are you investing? if it's under 100k I'd just drop in an ING Direct Orange account the rate is probably better under 100k.

Other than that, I'd take the time to fully understand what your arrangement is with your other investors. You'll probably be suprised.

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