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I am looking for an optimal strategy for investing $400 each month with the objective of long term capital appreciation. I am 43 and my wife is 35 and we have one child who will need to start college in 2007. We are modest wage earners, own a few stocks, have a little equity in our house and expect an inheritance of around 300K sometime within the next 15 years.
I am finding the management of my discout brokerage stock portfolio tedious, and feel a monthy contribution to a DRIP or no-load would more suit my lifestyle, but I somehow can't resist thinking the inheritance allows me to take on the additional risk trying of trying to hit an occasional "homerun".
Anybody got'ny ideas?

joe
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