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Subject:  Re: Convertibles Date:  8/1/2000  4:35 PM
Author:  TMFPixy Number:  4676 of 20640

Buy2win asks:

<<The use of Convertibles that provide income and Equity exposure in one instrument. I haven't read all your articles, but would you care to comment on the use of converts in the retirement portfolio ?>>

I have no objection to them save I think greater equity appreciation is found in common stock. They can work, I just don't favor them myself for the reasons I stated in the column.

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