OT-Would you Invest In This Mutual Fund Company After Reading Their Disclosure?

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Would you invest in this mutual fund company after reading this disclosure?

http://www.ipsfunds.com/risks.html

-- bardou (bardou@baloneyyy.com), February 05, 2000

Answers

I'd give them some points for honesty, if nothing else.

-- I'm Here, I'm There (I'm Everywhere@so.beware), February 05, 2000.

Link

At first I thought that was a joke. But linked back to prospectus and It looks like a real company. The prospectus is dated 1998. The above link is dated 1998-2000.

-- Kyle (fordtbonly@aol.com), February 05, 2000.


Ya know, if I was their lawyer I'd be very pleased with the wording. Plain English doesn't come any plainer than that. You couldn't very well say you weren't WARNED.

-- Gia (laureltree7@hotmail.com), February 05, 2000.

Bardou - its priceless, the way prospectus should be written. Here's an excerpt:

Just so you know. Don't come crying to us if we lose all your money, and you wind up a Dumpster Dude or a Basket Lady rooting for aluminum cans in your old age.

Five star post *****, thanks bardou

-- Guy Daley (guydaley@bwn.net), February 05, 2000.


That was great! I loved it!

If I was to gamble into this stratosphere, I would give IPS a call. Sounds like they have both eyes open.

-- Tommy Rogers (Been there@Just a Thought.com), February 05, 2000.



What a great find, bardou. Can we have daily updates on how this is doing?

-- Pam (jpjgood@penn.com), February 05, 2000.

If found the following comments most interesting:

"We buy scary stuff. You know, Internet stocks, small companies. These things go up and down like pogo sticks on steroids"...

"We also get killed if interest rates go up, because that affects high dividend companies badly. Since rising interest rates affect everything badly, we could get killed even worse if the Fed raises rates, or the economy in general experiences higher interest rates beyond the control of those in control, or gets out of control. Whatever."

"Many of the companies we buy are growing really fast. Like, 50% - 100% per year sales growth. Many of them also don't make any money, although they may be relatively large companies. That means they have silly valuations by traditional valuation techniques. We don't know what that means any more than you do, because we have never seen anything like the Internet before. So we might overpay for these companies, thinking we are really smart and can get away with it because they are growing so fast"...

MY FAVORITE:

"Please e-mail us if we haven't scared you enough, and we'll try something else."

If this is for real, you at least have to admire them for their candor :-)

-- Tim (pixmo@pixelquest.com), February 05, 2000.


Wasn't it too much? I thought it was upfront and to the point! Kinda like how I am...tee hee.

-- bardou (bardou@baloneyyy.com), February 05, 2000.

The more I think about it, the more I think I might send them some of my money to play with if everything is still hanging together in a few months and Goldman Sachs doesn't bring it all down around our ankles. And yes, they can be tracked -- the symbol is IPSMX (on NASDAQ). Hey, what can I say? I'm a sucker for a company with a little attitude.

-- I'm Here, I'm There (I'm Everywhere@so.beware), February 05, 2000.

For years and years, I have been trying to explain the risks of mutual funds to my dear mother, to no avail. I will print this out and mail it to her. Even mom will be able to understand this prospectus! Thanks...

-- Daisy Jane (deeekstrand@access1.com), February 06, 2000.


Bard

Great catch!

-- Brian (imager@home.com), February 06, 2000.


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