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To: Conservativegreatgrandma
On the next couple of up swings in the market, you might want to switch. The good fund managers at Janus will be leaving or will have left.

The companies they invested in should be okay. Most of the so called fund managers invest in the top 10 companies in America like the rest of the so called fund managers in other companies. So we would have to have a big crash before these funds get hurt.

What I'm talking about is the overall impact that the massive sellouts have on the top stocks, large cap, mid cap and small cap. When people dump funds and the fund managers have to sell stock to pay those former fund owners, it becomes a down market and a buyers market.
9 posted on 11/18/2003 5:16:14 AM PST by Grampa Dave (George Soros, the Evil Daddy Warbucks, has owned the DemonicRats for decades!)
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To: Grampa Dave
You sound knowledgeable. Do you think it's too lake for REITS or for instance, Vanguard Precious Metals?

My money in Janus is SEP.

We also have money in Federated K, which is up over 35% for the year. Too bad we don't have much there.

For the most part, I use Vanguard.

11 posted on 11/18/2003 5:24:53 AM PST by Conservativegreatgrandma
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To: Grampa Dave
The question of whether or not massive fund redemptions will hurt the overall market is an open one..however..more valid is the point that because fund managers, especially those in fund groups that have image problems..( ahem)..will be forced to keep much higher cash ratios..possible 10%..will hurt ongoing performance....thus triggering further redemptions.....Putnam is damaged goods...brokers are fickele..no one is selling Putnam now...you'd be crazy to do so, they say...it's inviting disaster..the funds will be sold..name changed...
19 posted on 11/18/2003 7:10:30 AM PST by ken5050
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