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- Path: sparky!uunet!europa.asd.contel.com!howland.reston.ans.net!zaphod.mps.ohio-state.edu!cs.utexas.edu!uwm.edu!linac!att!cbnewse!chenl
- From: chenl@cbnewse.cb.att.com (julian.l.chen)
- Subject: Monetta
- Organization: AT&T
- Distribution: usa
- Date: Mon, 25 Jan 1993 21:08:47 GMT
- Message-ID: <1993Jan25.210847.27855@cbnewse.cb.att.com>
- Lines: 25
-
- >Does anyone have any opinions on the Monetta mutual fund? Their
- >literature sounds good: no load, approximately 1.5% annual
- >management fee, good performance over the last 5 years (but
- >not good this year), and low initial minimum investment ($100).
- >Is there any reason not to open an account with them?
- >
- >_______________
- >Jeff Eastman
- >jaeastman@anl.gov
-
- Although I never bought any mutual fund in the past (I only buy individual
- stocks), I have heard positive recommendation from a friend of mine whom
- only buy mutual funds.
-
- One of the best feature of Monetta is they publish a monthly newsletter for
- their customers. It is like get a good newsletter free. I am considering open
- an account with them just because of this reason (Of course, their track
- records are very good too).
-
- By the way, Monetta does not offer telephone redemption, you must WRITE to
- them to redeem. It is both a disadvantage and an advantage. Since this
- disencourage the trading activies but probablly postive for the people want
- to hold for the long term.
-
- Julian
-