Mutual Fund Recommendations
Editor's Picks:
GROWTH: Best: CGM Focus Fund; Meridian (& Value) Funds; Neuberger & Berman Genesis Fd; Pennsylvania Mutual Fd; Stratton Small-Cap Value Fd.; Yacktman Focused Fd. Good: Boston Partners Long/Short Equity Investors. PBHG Mid-Cap Value Fd;; Mutual Discovery Fd. INDEX: Profund Ultra family of funds and Rydex family. All are very volatile -- so be careful or constrain yourself to 1/2 your money (remember its leveraged). GOLD: Gabelli Gold Fd. and Fidelity Gold Port [gold still in uptrend] FOREIGN: Price New Asia and Thai Fund (closed end - volatile, for trading) - looked like it formed a bottom. Matthews Asian Growth & Income now most consistent with strength. SECTOR: Good Automotive, Bus Svc & Outsource, Constr&Hos, Gold, Indust Mat'l, Transportation. OK: Banking, Chemical, Home Finance, Insurance, Paper & Forest. Weak: Cyclical, Leisure, Real Estate
**STARTER'S PORTFOLIO**
ProFund Ultra OTC follows the NASDAQ at 2X leverage. A perfect stock for dollar cost averaging and trading if you can time the market - and if you have the patience and courage to buy after severe drops. Rydex also has a similar family of funds - perhaps superior to ProFunds. Price New Asia Fd finally appears to be in recovery. Meridian (best), PBHG Mid-Cap Value Fd and Mutual Discovery are doing fine. For those a bit more adventure, go with Meridian Value Fd - excellent. Indust. Mat'l seems like a consistent sector fund with strength. Real Est. has not done much and I'd suggest rotating out into something stronger.
GEN'L INVESTMENT [S&P 500 comparison] 12 MO CHANGE: -19%
Mutual Discovery Fund (MDISX) 800-342-5236 12 MO CHANGE: +0%
Meridian Fund (MERDX) 800-446-6662 12 MO CHANGE: +8%
PBHG Mid-Cap Value Fd. (PBMCX) 800-809-8008 9 MO CHANGE: +0%
INDEX FUNDS (FOR TRADING - volatile)
Rydex Nova Fd 800-766-3863 4 MO CHANGE: +12%
ProFund UltraOTC (UOPIX) 888-776-3637 4 MO CHANGE: +37%
SECTOR FUNDS (FOR TRADING)
INVESCO Real Estate Opp (IVSRX) Sell 19 MO CHANGE: 0%
Fid Sel Insurance 800-544-8888 15 MO CHANGE: +10%
Fid Sel Automotive (FSAIX) 800-544-8888 6 MO CHANGE: +30%
Fid Sel Indust. Mat'l (FSDPX) 800-544-8888 New
FOREIGN (FOR DIVERSIFICATION):
Price New Asia Fd. 800-638-5660 24 MO CHANG: -54%
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