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Subject:  first time in fooldom Date:  8/6/1997  1:13 PM
Author:  cvillefool Number:  158 of 78166

I'm 23 years old and working as a temporary project engineer for a pharmaceutical company. A few years ago family members, thinking themselves Wise, advised me to invest my dollars with their full-service broker. Having full faith in their Wisdom, I followed their advice, and my new broker invested my money into a small cap and a growth portfolio with Alger as well as another portfolio called the Ariel Appreciation Fund. Since then these funds have grown to $2K, $2K, and $3K, respectively. Then I read TMFIG.

I checked out the funds in which my broker invested and found that they have underperformed the market by a considerable margin, and that over the past year the small cap actually posted a NEGATIVE 1% return. Needless to say, I'm pissed.

I know I need to get that money out, and I also know that I need to start putting m