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Fidelity Investments...Friend or Foe?

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reprehensor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-04 03:02 PM
Original message
Fidelity Investments...Friend or Foe?
http://tinyurl.com/2ohpw

"Since 2001, for instance, individual and "soft money" contributions from privately held Fidelity and its employees have totaled $462,948, mainly to Republican causes, according to a database maintained by the Center for Responsive Politics in Washington. That's more than came from any of the 10 largest publicly held employers in the state, including Raytheon Co., EMC Corp., and Gillette Co."

Oh my.
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gWbush is Mabus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-04 03:06 PM
Response to Original message
1. they will get 2% of $500 trillion dollars
if the repubs privatize soc. security
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reprehensor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-04 03:17 PM
Response to Reply #1
2. Hey!
Do you know how that compares to other 'Investment' funds? Like, say, Oppenheimer?
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gWbush is Mabus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-04 03:41 PM
Response to Reply #2
3. if you want to invest, i recommend using
Scottrade...$7 per trade & no fees

buy: VTI or another no-load index fund.
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mastein Donating Member (294 posts) Send PM | Profile | Ignore Thu Jan-29-04 04:30 PM
Response to Original message
4. They play both sides
Investment houses play both sides. E.g. Dem. Sen. John Corzine is former head of Goldman Sachs a privately held investment banker. They throw money at everyone (at least a little) early and often that way they have their bases covered regardless of who wins.
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