Re: Effect of Outgoing Link from Index Page on Site...
OBL's from your home page would only serve to pass the highest amount of page rank, only because your home page is most likely to be have your highest page rank. This is what makes a link from your home page so valuable and the reason why so few sites give them away.
Other than that, as long as they're relevant and all of them lead to quality sites, there's really no risk in having them there.
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