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From: mazlack@ernie.berkeley.edu.BERKELEY.EDU (Lawrence J. &)
Newsgroups: net.invest
Subject: Re: GinnieMae funds
Message-ID: <12014@ucbvax.BERKELEY.EDU>
Date: Mon, 24-Feb-86 12:52:36 EST
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Posted: Mon Feb 24 12:52:36 1986
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Reply-To: mazlack@ernie.berkeley.edu.UUCP (Lawrence J. Mazlack)
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>Are there any general disadvantages to buying GNMA's?
	
GNMAs and GNMA funds sell at a premium interest rate because their
interest rate return is not secure.  I.e., you are not guaranteed the
rate of return as the debt tends to be repaid when interest rates fall.

>Are there any penaltys involved in selling your shares
>after a year?

Depends on the fund.  True no-loads can be cashed in at anytime with
no charges.  Read the prospectus wherein all is made known.

...Larry Mazlack