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From: mazlack@ernie.berkeley.edu.BERKELEY.EDU (Lawrence J. &)
Newsgroups: net.invest
Subject: Re: A comment on "no-load" mutual funds
Message-ID: <12132@ucbvax.BERKELEY.EDU>
Date: Sun, 2-Mar-86 21:44:21 EST
Article-I.D.: ucbvax.12132
Posted: Sun Mar  2 21:44:21 1986
Date-Received: Tue, 4-Mar-86 01:50:11 EST
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Reply-To: mazlack@ernie.berkeley.edu.UUCP (Lawrence J. Mazlack)
Organization: University of California, Berkeley
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>> I know of no reason whatsoever to invest in a load fund.  All the factors
>> dictate investing in a true no-load fund will be the superior investment.
>> The only people who recommend load funds are the people selling them and
>> of course they are not unbiased.  A percentage of the load that is paid
>> will go straight into their pocket in the form of commissions.
>> 
>> 				Keith Boucher HSI New Haven, CT
>
>I agree.  As a matter of fact, all Vanguard mutual fund portfolios are 
>available with no sales commissions.  (I think they mean no redemption
>fees as well when they make this statement).
>So, choosing a "group" of no-load mutual funds which you can exchange
>to/from without ever having to worry about loads makes life a little 
>easier. Then all you do is worry about individual mutual funds performance
>within that group. I'll bet you could do even better with that
>strategy than on most loaded funds.

I own/have owned several different Vanguard funds.  None of them had either
a front-end or back-end load.

Another advantage that Vanguard has is that it has comparatively low 
management fees.

The only disadvantage that I have experienced is that their service is not
so great.  But, if your management fees are low, they have to save someplace.

   ....Larry Mazlack
       mazlack@ernie.edu