July 1989 Money Magazine: Where to put $1000 Now!

[njhowie]

Thank TheWizard.


No skin off my back.

 

[jazz4cash]

Fascinating!! Thanks
Edit: that’s why most of my efforts to declutter fail. I call it encyclopedia syndrome.

 

[Mr._Graybeard]

I'd scoff at the "advice," but Money Magazine got me motivated to start investing in equity mutual funds about that time. Twentieth Century Ultra, baby!

I wonder if Hans Utsch and Larry Auriana had a two-page ad for their Kaufmann Fund in your issue -- sleeves rolled up, and ready to go to work for a paltry 2.25% management fee.

To its credit, Money ran a lengthy article on Auriana and Utsch in 1998 pointing out their fund's weak performance vs. exorbitant fees. By then, of course, the duo had made a zillion dollars and Money was riding the boomer bull market, so it could afford to alienate a big advertiser. https://williamgreenwrites.com/wp-content/uploads/2020/11/Do-These-Guys-Deserve-60-Million-a-Year_.pdf

 

[FiveDriver]

Oh my goodness, Mutual Funds with a 5.75% Load ?!?!
What's the matter....was a 6% Load too high to advertise ??

I think Nancy Reagan's Astrologist probably had the best idea of them all.

 

[TheWizard]

That's a rather long quote from Money.
Perhaps after 34 years, copyright restrictions no longer apply...

 

[aja8888]

Arthur Rosenberg, Jenkintown, PA financial manager whose clients include the recently retired baseball slugger Mike Schmidt (1988 salary: $2.25 million) and catcher Bob Boone ($883,000): "I would give $200 to the Philadelphia Child Guidance Clinic and another $200 to the ALS Association (for Lou Gehrig's disease). I'd invest in $90 worth of baseball cards, and, for $10, I'd join a really good dating service. With the remaining $500, I'd go away for a long weekend and think about what I'd do if I had some real money."

My kind of guy!

 

[pacergal]

"by 2025 everyone will long for Big Bird."

So true!

"Sunny day sweeping the clouds away...."

 

[Ian S]

What "Great Depression of 1990?" I guess I missed that one lol.

 

[MichaelB]

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