Hitching Your Portfolio To A NewsletterDean Foust
John Klosterman has a thing about stockbrokers: He doesn't think they safeguard the interests of small investors. So when the 61-year-old computer consultant wants financial advice, he turns to Dick Davis Digest, an investment newsletter. It was after studying Davis's recommendations last year that Klosterman scooped up shares in Federal National Mortgage Assn. and later a Fidelity bond fund. The result? His FNMA stock has more than doubled, while the Fidelity fund has risen nearly 20%. "I can't recall having ever done that well with a broker," muses Klosterman.
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