Investing with Merrill Lynch

[Buffalo]

Was on the verge of taking out a Merrill Lynch fund and now it is apparent that they are caught up in the sub-prime mortgage fiasco... I was thinking primarily of it's "growth" fund which has reasonable and consistent returns from past years...

My question: If it was your money, would you still invest, or wait a bit to see what might occur..?

I haven't been able to find any performance data relating specifically to the fund i was thinking of using, since the sub-prime admittance.

Cheers... ~PHIL

[Simpo Two]

My hunch is that even in a recession there are areas which will do well - the trick is anticipating them. Because I'm not that clever, I'm keeping my neck in for now and plan to stay cash-rich while the rest of the world falls about my ears...

[LeTim]

Simpo Two said:

My hunch is that even in a recession there are areas which will do well - the trick is anticipating them. Because I'm not that clever, I'm keeping my neck in for now and plan to stay cash-rich while the rest of the world falls about my ears...

The stock market in general often does rather well during a consumer recession ironically.

[Fittster]

If I had choosen a fund I would invest in it. Trying to workout where the fund is going in the short term is very difficult.

Personally I would stick to tracker funds as I don't want to pay for active managers who don't in general out perform the index.

[Buffalo]

Thanks for the replies - will double check my notes before i decided to chose that fund and see how much of it is property related and go from there i think.

Very confusing times though, trying to steer through it all. There are still good investments to be made AFAICS...

Cheers ~PHIL