What Does Dow 10,000 Mean to Your Portfolio?
Numerical milestones, whether a wedding anniversary or your car's odometer hitting 100,000, mean different things to different people.
I recently turned 30, and for me that just means starting to lie about my age.
But I am more concerned with finding out what people think about the
Dow Jones Industrial Average
closing in on 10,000.
Does this milestone mean anything to you? Does it change the way you are investing your assets?
You will often hear journalists, professionals and pundits talk about the number's psychological meaning. Does this number have any meaning for you or is it just that -- a number?
Send your comments to me at
fundforum@thestreet.com
Finding a Fund With Your Favorite Stocks
Last Monday, I
described for one reader how to find a mutual fund that most closely resembles his stock picks.
Reader
John Wenn
wrote in to offer another suggestion. Rather than searching by fund, search by each stock.
Using the
Morningstar site, enter a stock's ticker symbol to pull up its Quicktake report. Under "Price/Ownership," you will find information on which funds own that stock. (This ownership data are part of Morningstar's premium service, which costs $9.95 a month or $99 a year.) This section will tell you the funds with the largest holdings of a particular stock.
I hope this is helpful.
TSC Fund Forum aims to provide general fund information. Under no circumstances does the information in this column represent a recommendation to buy or sell funds or other securities.