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Printable version |
From: | "DR" <kat47@bigfoot.com> |
Date: | Sun, 5 May 2002 20:17:45 +1200 |
Be aware that these funds start at about 94c for
each $1 invested (5% skimmed off for fees) plus you will lose another 3% because
in the first three years they refund at about 97% of the current value. The
guarantee only kicks in at the full term although the ratchet does allow for 50%
lock in of gains on top.
However Man Group have an excellent reputation for
the products. The future downside (yet to be proven) may be the increasingly
crowded market in which they operate will make it more difficult to make the 20%
theysuggest.
I have taken up some of an earlier issue but have
planned on 12% tax free.
On the other hand it is frequently possible to get
12% in a day with the right share purchase.... also to lose that
much.
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