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How to Buy a Glider Afordably, or Euro vs ContraFund
A year ago I suggested that the way to counter the high Euro was to
invest your money and wait. As an investment vehicle I recommended the Fidelity ContraFund (FCNTX). Now, I am not one to make idle suggestions: I am personally heavily invested in this fund. Here are the results one year later: Euro: DOWN 9.4% ContraFund: UP 20.4% Difference: 30.2% Of course, most will have to pay capital gains on the ContraFund, which is 15% max in the U.S., so the 20.4% becomes 17.3% (or more). Tom Seim Richland, WA |
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