The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Saturday, October 01, 2005

An interesting Mutual Fund..........

I really do not like Mutual Funds! I really think they are boring, slow movers with mostly horrible returns! Yet, there are some winners out there! I like mutual funds that focus on energy, telecommunications and bio-tech/pharma! Then there are other mutual funds that invest on an idea, better yet, in a method! I am talking about a new mutual fund that Duncan-Hurst is about to roll out, named the Can Slim Select Growth Equity Mutual Fund! The CSSGX (for short, lol) is a fund that will basically be betting on a system that Investor's Business Daily's William O'Neil has created. The Can Slim method searches for stocks that have certain high quality characteristics such as, especially high (current and annual) earnings growth, institutional ownership, and the leader of a hot industry group. The company must also have a hot new product or service that is fueling the earnings growth, increased trading volume as stock price increases (supply and demand characteristics), and the market trend must be bullish (which it is), because 3 out of 4 stocks follow the market. There we go! Those are all great characteristics that a good stock should have! Note: Minimum entry for fund is $2,500

So keep your eyes peeled for this hot new mutual fund, and get in before the ride!

1 Comments:

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