Conference nyoss1::market_investing

    
    Carrie,
    
       A no-load mutual fund is the way to go.  With $1000 to invest, your
    transaction costs will eat your profits otherwise.  Most funds have
    minimum investments, so you'll need to review that.
    
       /jim
    

	Also, trying to make a stock pick requires a bit of work on your
part: research into the company you want to invest in, etc.  With a mutual
fund, a company has a team of people who do the investment research on 
behalf of the fund's owners.  I agree w/ .1:  get a no-load fund, that is,
a fund that does not have a "sales charge".   Many of these funds are
available.  call fidelity and ask them for their mutual fund handbook (i
have one of these somewhere).

	Re. .0

	Is it Price Waterhouse, or just Waterhouse? I doubt if PW will take 
	you on as a client if you only have 1K to invest :-). Besides, they do
	not deal with investments directly anyways.

	PS. Yes, go for NL mutual funds. 

RE:-1
>>should I just dump it into a mutual fund or IRA

	You can do both. Set up an IRA with a mutual fund company.
	I think JANUS still has a $250 per fund minimum on IRA accounts.
	Set up an IRA account and spread it across a couple funds.

	Janus Funds 800-552-8983 

    re ,few previous:
    
    At Fidelity most (if not all) minimums are $2500 except for IRAs so 
    that may not be an option.  Other fund companies let you start with
    a smaller balance. A lot of these you can invest $25,50,100
    a week/month with no minimums if they take it out of your checking 
    account or paycheck. 
    As far as that $1000, I'd open an account with that and add monthly.
    
    

    to 548.3
    
    I believe it's Waterhouse Securities Inc.  I do hope to have more to
    invest in the future.  I had to fill out an application for an account
    and met their criteria...no problem getting the account and no mention
    of a minumum investment at first pass.
    
    Thanks,
    Carrie

   If I were you, I would open a Janus No-Load Mutual fund account. They require
   no minimums if you start with a monthly payment plan (Min 25$, I think!).
   This way you would not be buying a block of shares all at once at current
   prices but spread it around at various prices (Dollar-Cost Averaging).

   Good Luck!
   Nari

    Try VANGUARD out of Pennsylvania They are all
    no-load. Their reps are helpful
    
    For retirement try DIGITAL 401k it has tax advantages also
    
    
    RON

    I would open a Fidelity Brokeage IRA account.  It has a minimum
    investment of $250 (I think) and you can invest in most of their
    mutual funds without load.
    
    Wendy

    Thanks to all of you for your good advice.
    
    I got risky and decided to dump the 1000 into some stocks that
    so far are holding up quite nicely, up 1/2 since I bought them.
    At the same time, have setup and IRA and am going to put away so 
    much $$ / week.
    
    /C
    

>              -< is this note another indicator of a market top? >-
    
    "...In a reflection of the public acceptance of the idea of "investing"
    (as opposed to saving), some banks are now offering customers the
    option of buying and selling stock and bond mutual funds at their
    \automatic teller machines/.  This is the modern version of the
    "investment wise" elevator operators and shoeshine boys of the late
    1920s.  The yield on the Dow Jones Transports recently fell to a new
    record low of 1.18%.  Given the dire straits of the industry, the yield
    could easily fall to zero.  Yet, the stocks are near all-time highs,
    reflecting not merely euphoria, but a Bhudda-like state of
    immeasurable complacency that comes (temporarily) from ignoring reality.
    A new book is out, which is endorsed by three authors, four CEOs, five
    corporate presidents, three economists/investment planners, one Group
    Chairman and a professor.  The title, \The Great Boom Ahead/, would
    have been well timed in 1982.  1993 is another question.  The author
    states flatly, "We are going to scream out of this recession."  That is
    probably an accurate statement.  "
    
    -- Robert Prechter, _The Elliott Wave Theorist_, 8/27/93 P.O. Box 1618,
    Gainseville, GA 30503 USA, 1-404-536-0309.  Reprinted with permission.
    
    This issue features a picture of a ringing bell on page 1.  First time
    I've seen that alert in this newsletter.  Note Prechter's decade-old
    projection of DOW 3686 is within spitting distance.
    
      John

	Re. .12

	Not only does Mr. Prechter misspell Buddha and has a misplaced sense
	of who Buddha was (hardly complacent), but he also predicted that
	DOW would be 3686 in 1982!!

	:-)

> but he also predicted that DOW would be 3686 in 1982!!
    
    Not exactly.  In 1982 he predicted a bull market that would top out 
    at 3686, which was greeted with roars of laughter since the DOW was
    under 800 at the time, and showed no signs of taking off like it did.
    
    The newsletter spells it Buddha.
    
      John

    The real mark of a market top is when Time or Business Week feature a
    snorting bull on their front cover.

	Re. .15   

	> The real mark of a market top is when Time or Business Week feature a
    	> snorting bull on their front cover.

	Oh no, that's the sign that the top occured 2 weeks ago :-). 

    
    
    
    I am no expert but.... after researching mutual funds, the DJIA, the
    S&P 500, I believe that the top is near. I am one of the "first time
    investors" like the base noter. I have some money from 8% CD's
    that expired this year. I've eyed the returns on stock mutual funds
    with envy, but did not want to "panic buy". While I am just a novice
    investor wanna-be,  my research tells me several things: 1)
    the market WILL top out sometime, 2) when a correction occurs, it 
    will probably take anywhere from 6 months to three years to regain
    its lost value, and 3) NOBODY has accurately timed this market. 
    Though conventional wisdom says you can't time a market, my gut 
    feeling is that when the market correction finally occurs then
    I'll know it. Historically, the market has ALWAYS recovered
    (eventually), so that the best time to get into the stock market 
    (or stock mutual funds) is after a crash.
    I am currently tracking mutual funds that handled the bear markets
    of 1987/1990 well, and have also performed well over the past 5-10 
    years. When the correction does occur, I'll be ready to buy into 
    the recovering market. 
    
    I have a question that other's may be able to answer, though: 
    how would a 20% market correction affect Japan, SE Asia and Europe. 
    In otherwords, how will it affect international stock funds?
    The stagnating Japanese and Europeon markets of 1992 seemed 
    "disconnected" from the U.S. market. How will they be affected 
    by a U.S market correction?
    
    
    
    doug
     

>    how would a 20% market correction affect Japan, SE Asia and Europe. 
>    In otherwords, how will it affect international stock funds?

There will be a rippling/domino effect.  In 1987, if I remember correctly,
on Black Monday, the morning news greeted us with news of Tokyo's market
fall, and London's fall before Wall Street even opened.  I don't remember
the exact percentages of the world market drops, but they did drop.

John Piekos

  Taking advantages of market corrections can be done with a combination
  of market timing and automatic monthly investments.

  Although it's very difficult to do market timing, you can sell your mutual
  fund positions at times like these (if you look at the DJIA graph in your
  local newspaper for the past month or two), it's not usually very difficult
  to find market local maximums and minimums. Funds such as twentieth
  century have programs where they can redeem shares from one fund, place it
  in a cash reserve account and start a automatic monthly investment program
  from there into the same fund or another fund. This way you can take
  advantage of market maximums and cruise through corrections taking
  advantage of lower prices too.

  Nari