Word: stanasolovich
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Dates: during 2008-2008
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...Stanasolovich, CEO of Legend Financial Advisors in Pittsburgh, is eying a few reopened funds for clients - Artisan Mid Cap Value and Schneider Small Cap Value are long-time favorites - but he's not looking to buy anytime soon. "Historically speaking, three months before the end of a recession, when things feel the worst, it's usually a good time to buy," says Stanasolovich. "I just don't think we're coming out of this recession anytime soon...
...risk with waiting around, though, is that a fund that closed once before in order to protect current shareholders is likely to do it again. One idea that Stanasolovich floats is investing the minimum amount required - often $2,000 - in order to lock in as a shareholder; existing investors normally can keep putting in more money even after a fund is closed...
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