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- From: msingh@silver.ucs.indiana.edu (The Supreme Commander)
- Subject: Re: Dreyfus Funds
- Message-ID: <C17Kp4.4Io@usenet.ucs.indiana.edu>
- Keywords: Dreyfus mutual funds
- Sender: news@usenet.ucs.indiana.edu (USENET News System)
- Nntp-Posting-Host: silver.ucs.indiana.edu
- Organization: Indiana University
- References: <1jk89mINNg33@faatcrl.Faa.Gov>
- Distribution: usa
- Date: Thu, 21 Jan 1993 14:39:03 GMT
- Lines: 33
-
- In article <1jk89mINNg33@faatcrl.Faa.Gov> arthurp@naspac.tc.faa.gov (Arthur Pomerantz) writes:
- >Anyone have an opinion on Dreyfus Mutual Funds, particularly
- >some of the stock funds such as Appreciation Fund, Growth &
- >Income, and Global (Stock?) Fund? Particularly investment
- >philosophy, largest holdings, performance. The prospectuses
- >are not very informative.
- >Thanks.
-
- Stay away from the Appreciation Fund. I invested $5,000 last
- September, and the fund is way below my purchase price at present.
-
- This fund operates in the following manner:
-
- Market is up by n% - Appreciation is up by .n%
- Market is down by n% - Appreciation is down by 3n%
-
- In short, when it goes down, it goes down, and when it goes up it
- never fully recovers. I'm waiting for the time when it gets just above
- my initial purchase price, and will then pulll out.
-
- I wouldn't recommend Dreyfus Funds in general. Stick with better
- perfromance funds like the Janus Funds. (In which I also have
- invested, and am doing much better!)
-
-
- ...Manu
-
-
- --
- ---------------------------------------------------------------------
- The Supreme Commander wishes you a Supreme day.
- I'm a Magic Man, oooh, I got the magic hands, yeah...
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-