Conference nyoss1::market_investing

    
    Yes, I called them and recv'd the prospectus from them.
    
    By the prospectus, it seems it's doing quite good past couple yrs.
    No load. Expense ratio is low. I put away its prospectus now to give
    you more details, unfortunately.
    
    I don't have first hand experience with them, since I was thinking
    to start put money into it.
    
    Another one I'm looking now is Gateway Trust (Growth Plus Fund, or
    Index Plus Fund). It's in the same category as Monetta Fund.
    
    
    Michael..

    I have the prospectus, I'm just not used to dealing with such a "small"
    outfit (have an account with Janus Twenty currently). Monetta is
    currently  listed in the WSJ at 15/share. The prospectus was rather
    brief (didn't give a listing of current investments rather a very
    generic description, "will seek to invest the equity portion of the
    portfolio in companies that have had an improving record of growth in
    revenues and earnings in the last 3-5 years..."). 

(From May 1992 Kiplingers:)
((#4 ranked Growth & Income Fund for the month, ranked by 1 YR return; 
  didn't make the top 10 list for July issue and I don't have June with me))

	Volatility	--- Total Return ---	Min.	Phone
Fund	Ranking		1YR	3YR	5YR	Inv.	  #
Monetta	   5		37.11%	102.03%	115.95%	$250	(800)666-3882

I recently invested in the Monetta fund after hearing so many great things about
it.  Notably, there was a very favorable mention about the fund in Kiplinger's
Personal Finance (March or April issue, I believe).  Apparently, the fund 
manager, whose name I can't remember, started an investment club with some 
friends and relatives and they did extremely well.  That investment club evolved
into the Monetta Fund (monetta means "mint" in Latin).  


The fund follows a VERY disciplined investment policy.  The manager (I'm going 
from memory hear :*) 

1)	Reads the research of other analysts

2)	Speaks to both Bulls and Bears about a particular security

3)	Speaks to the particular company's management directly

4)	Does extensive research of his own

5)	Sets _reasonable_ performance goals for the security

	a)	Sells the security as soon as the goal has been reached

				or

	b)	Sells the security if it does not perform as expected

This approach has been praised by several mutual fund rating services (I believe
Morningstar had some very bon mots) as providing consistent returns without 
undue risk.  If a stock doesn't perform, it gets sold.  If a stock reaches its 
goal, it gets sold.  No "Well, the stock went way down but maybe if I sit on it
a while it will go up" or "Gee, it's already gone up _this_ much, maybe it will 
keep going".  

In the month or so that I have held it, the NAV went from $15.00 to about $15.40
and back to $15.00.  

As for dealing with such a small fund:
	When I called to request a prospectus, it took about 4 calls before I
got through.  After about 3 weeks of waiting for the prospectus, I called back 
to see if it had been sent.  The woman at the "service" said that she was "sure 
that it was sent; it's just that so many people have been calling to request 
information that the fund was overwhelmed".  Sure enough, I received the 
prospectus a few days later.  Once I sent the check, my account was processed 
very quickly, which I feel shows that their priorities are in good order.  The
good press I mentioned is part of the reason for the funds recent popularity, 
I'm sure.  I read somewhere that the total assets of the fund went from 
something like $50M to over $300M(?) in less than a year (this was probably in 
the prospectus' "history" table).  At that rate, it won't be a "small" fund for 
long!  Incidentally, I also read that when the fund hits $500M in assets, it 
will be closed to new investors.

> 			...  The woman at the "service" said that she was "sure 
> that it was sent; it's just that so many people have been calling to request 
> information that the fund was overwhelmed".  
    
    Do I hear a bell?
    
      John

Re : .2

>    I have the prospectus, I'm just not used to dealing with such a "small"
>    outfit (have an account with Janus Twenty currently). 

Small and large fund both have its own merit and drawback.

Small fund tend to be more volatile and risk, aggressive.  Gateway trust even
allow certain percentage (3-5%) of fund assets to be play with put/call options.
However, the award is compartive good to pass by.  It's like any investment
decision, you take your risk, then you get your award. It's just how you
manage it based your own taste and stomach.

For me, I had existing profolio on Janus Twenty. I plan to put fresh
investment into some other fund in same category with better growth
potential percentage wise than Janus 20. This is solely will be on the
hand of fund manager in my opinion.

Michael..

(P.S as .3 said, it growing bigger and bigger as this writing end)

    The Monetta Fund is not registered in the state of N.H. as of 3/92.
    

On the radio talk show, Don keeps on highly recommending this fund.

    Money recently favorably mentioned this one also. (again).
    
    re .6, does anyone know if it is now registered in NH? Specifically
    what does 'not registered' imply? Is it not for sale, or are there
    buyer beware implications (moreso than any other purchase).
    
    tnx -Chip
    

    I am not sure about this fund. But, not registered means "no sale". I
    am interested in the Berger 100 fund. And New Hampshire is the only
    state is is NOT registerd in. (I am still trying to figure out why?)
    But, since the fund is not registered in NH, they don't even want to
    send me a prospectus.
    
    Mike

Monetta is now registered in New Hampshire (it didn't used to be).

I have Berger 100/101 prospecti, but was unaware of the NH restrictions.  I
will double check.

- Chris

  Monetta is planning on closing its Monetta Fund to new subscribers as soon as
it reaches a certain level of assets. They said this would not happen before
March 1 but were not certain when after that it would take place. If you already
have the prospectus then you can join at any time as long as you have the
original form (no photocopies). If you are thinking about it then you should at
least call to get the prospectus now.


	/Ken

Just an FYI on Monetta.

I asked for a prospectus from them in Nov 1992.  They
sent it and one of the stocks they highlighted as being
in their portfolio was CADENCE DESIGN (or something
close).  

Within the last week, Cadence went from 16.00 to 10.00
per share... 

Unless they sold in the last few months, they just
took one big hit...

-Dave

Monetta (1-800-MONETTA) has about 30% of it's assets in cash right now.  It's
fund price is not that volatile.

John Piekos

    the latest moringstar shows they dropped cadence.
    
    mtb

Mutual Fund Forecaster rates Monetta as being "Low Risk."

./chris

    It's rated low low risk because of the style of investment.  The rules
    they go by for selling (@30% then no reinvestment in that stock for
    30days) may miss some high running profits, but the loss side (don't
    remember the prameter right now) is just as rigid.
    
    This does, though, cause a fairly high turnover of the portfolio if the
    market is going up fast and their rules keep them inthings to buy.
    
    

   Monetta has just added another group of funds independent from the Monetta
Fund. They are calling it the Monetta Trust and consists of 3 funds called
Mid-Cap Equity Fund, Intermediate Bond Fund, and Government Money Market Fund.
I beleive that if you are already a shareholder then you will get the prospectus

Unlike the previous find the minimum is $1000 and can be divided across the
3 funds with the minimum in any fund being $250. Other than that I have not
really looked at it.


		/Ken

    Re .17, Monetta trust.
    
    I was reading the prospectus last night.  Monetta Trust seems to be an
    umbrella set up for you to self manage asset allocation.  I did not
    see any reference to access to the Monetta fund from the Trust set.
    
    You get the investment style of the current Monetta fund (including the
    rules and potential turnover) on a wider list of stocks (Mid Cap).
    
    You also get a Bond component to allow allocation to suit your
    particular risk tollerence and/or view of the market.
    
    The money market component is suggested to be a holding pen for dollar
    cost averaging the other two funds in the Trust.
    
    

  From the Monetta Trust you do not have access to the Monetta Fund. It did say
that you could transfer holding from the Fund over to the Trust in writing only
(no telephone transfers).

		/Ken