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No. of Recommendations: 0
A good friend is planning retirement and has been approached by a stock broker who has recommended that they invest in five different mutual funds. Putnam Voyager, Putnam International Growth, Morgan Stanley Dividend Growth and MSDW American Opportunities and Van Kampen Emerging Growth. These funds would account for 25% of their available cash, the remaining would be invested in a laddered portfolio of bank cd's. The total available cash is just over $200,000. which is the extent of their net worth, excepting their home and personal effects. I question the mutual funds and wonder if anyone could suggest a web site that could compare these funds with say a Vanguard Index fund or other comparable no load, low expense fund that would offer these folks some entry into equities, yet supplying them with needed income.
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