Thread: Starting Out
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  #6  
Old 12-12-2004, 12:10 PM
GeorgeF GeorgeF is offline
Senior Member
 
Join Date: Sep 2002
Posts: 110
Default Re: Starting Out

These are funds you should consider that invest large amounts in BRK.

Mutual fund:
Sequoia (SEQUX): http://finance.yahoo.com/q/hl?s=SEQUX
Weitz: http://finance.yahoo.com/q/hl?s=WVALX
Contra: http://finance.yahoo.com/q/hl?s=FCNTX

http://www.lionshares.com/details.cf...B5897&PID=

Exchange traded: BTF BIF
http://www.cefa.com/scripts/fundstat.asp?id=BIF&d=1
http://www.cefa.com/scripts/fundstat.asp?id=BTF&d=1

If you choose to buy BTF or BIF go to www.cefa.com and educate your self about closed end funds and what 'discount/premium' is. No matter what you buy go to www.sec.gov and look at disclosures (last annual statement). Make sure you know what the fund expenses are and the effect on investment returns.

Given the large number of working years you have ahead of yourself, investing in yourself and ways of increasing your earned income would be your best bet. Spending $250 on cloths or drinks after work with the 'right' people might turn to have the best return on investment.

I personally am not impressed with the sharebuilder concept and would avoid it. consider www.freetrade.com if commisions are an issue.
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