Some of Wall Street's leading equity fund managers, including Vanguard, T.Rowe Price, and the American family of funds, have introduced a product which is designed to capitalize on the anticipated spending of millions of housing bubble bloggers who are growing increasingly impatient, anxious and desperate as their predicted crash in housing prices does not happen. The funds are known as Real Estate Anxiety Matrix (REAM) funds, and typically contain a diverse basket of equities which have been hammered by consumer optimism but are likely to rise on bubble blogger angst. Of course, we like the J.Mehoff Income-Inequity REAM
. Among the top holdings of the Mehoff fund: Roche Laboratories (Valium), Eli-Lilly (Prozac), Astra-Zeneca (Prilosec), Johnson & Johnson (KY personal lubricant), Old Crow Distilleries (Old Crow), Home Depot (ladders, ropes), Gillette (single edged razor), Pep Boys (anti-freeze), Forest Lawn (real estate).
The Mehoff fund is a bit pricey, with a front end load of between 5% and 50%, depending on where you live.
THIS OFFERING INVOLVES SIGNIFICANT RISK. PLEASE READ THE ENTIRE PROSPECTUS BEFORE INVESTING. YOU MAY LOSE SOME OR ALL OF YOUR MONEY. IN FACT YOU MAY EVEN LOSE YOUR NEIGHBOR'S MONEY. BUT HEY, THAT'S WHAT YOU REALLY WANT ANYWAY, RIGHT?