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Subject:  Re: Good News! TinkerShaw reports wife expecting Date:  4/15/2000  3:16 AM
Author:  BruceBrown Number:  2100 of 8813

Dan wrote:

There is but one conundrum...whaddaya gonna do for an education IRA? At only $500 per year it's tough to purchase stocks. Uh-oh...a mutual fund?

Yes, congratulations goes to the Shaws for the exciting news. I guess it is time to get a job, Tinker. ;-)

I did take advantage of the educational IRA for both my children as soon as it became available. I didn't spend too much time shopping around, but went with the American/20th Century Ultra Fund for both kids and in spite of the correction we are in - even at only $500 contribution per year, the returns to date have been doing just fine. Mabye in another 12 years when my son enters college, the investments in the educational IRA will provide for a few milkshakes and hot lunches. <ggg> Not sure it is the best vehicle for investment, but combined with an UTMA/UGMA brokerage account our children can enjoy the benefits of being long term investors as well.

By the way, I neglected to provide the link for the long term Nasdaq (ICIX) chart:

or the same time frame for the Dow Jones (DJIA):

or for some of the companies we know and love to see how they performed since 1983 through the list of correction/recovery phases in technology (including the current correction thus far):

Intel: +14,333 %

Microsoft: +38,715 %

Cisco: +141,614 %

Oracle: +49,476 %

EMC: +29,233 %

JDSU: +29,876 %

Dell: +48,637 %

Not bad, these technology adoption life cycles that is....


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