If you could only have one mutual fund ...
- Thread starter TallPaul
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I don't know about that; they're a value fund, correct? Frankly, my mutual beacon holdings have been taking tweedy, browne to the bank:
http://finance.yahoo.com/q/pm?s=BEGRX
Of course, the 'Z' series is not open to new investors. I don't see what you're buying with Tweedy, Browne that's so special. There are any number of balanced funds that would give you a nice, conservative investement with excellent returns -- for a much lower price. This one doesn't quite fit that bill but Vanguard's LifeStrategy Growth Fund has been good to me the past couple of years: http://finance.yahoo.com/q/pm?s=VASGX
Your comfort factor is important, of course, and if you're happy with where you are then so be it.
JHZR2
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If I could only have one fund, Id consider approximately when I would plan to retire, and buy the lifecycle fund pertaining to the target year. This way Id own one fund, but it would be diversified as necessary so that risk is optimized. It would automatically change with time, and as such, always be near the optimal combination.
One lifecycle fund targeted to your retirement date, utilizing index funds with extremely low expenses would be my choice.
JMH
One lifecycle fund targeted to your retirement date, utilizing index funds with extremely low expenses would be my choice.
JMH
It's great that some folks have a lot gains in the Fidelity leveraged fund, but I hope it doesn't have a black swan in it's near future.
Other good investment articles by same author.
Other good investment articles by same author.
Dude, please cool down on hacking the Leveraged Company Stock Fund. Let me say a few things.
1) I don’t even directly own the fund anymore (I sold my shares and moved on earlier this year – dummy me). My wife does. She has since inception in 2000. Her money more than tripled in 7 years. That does create some good brain implants.
2) I chose the fund to show you that your fund choice is weak. I meant no offense. It really would be a good fund pick if you only picked one fund AND you have the correct mutual fund time frame in mind. But I'm not in love with the fund by any means.
3) Average annual returns of 24.75% - yeah I know it’s only seven years, but that includes 9/11. But it easily whomps on the SP500 and it’s own index. And it’s up 19% this year.
4) Lipper ranking #1 out of 238 Capital Appreciation funds for the 5 year category.
5) Reasonable 0.85% Expense ratio for this type of fund. (1.59% average for the group)
6) You could easily moderate the risk of Leveraged Company Stock Fund by holding cash at the same time, but then you wouldn’t get the good returns.
7) I won’t hack on your fund any more, and only say the low returns of that fund are not worth the risk, both of which seem not readily visible to you. (Just an observation about being in love with investments)
BTW Thanks for the articles - the first one seems like he sniped several paragraphs right out of William Smith’s (IBD) Book. Or more commonly the seven blind spots of investors.
1) I don’t even directly own the fund anymore (I sold my shares and moved on earlier this year – dummy me). My wife does. She has since inception in 2000. Her money more than tripled in 7 years. That does create some good brain implants.
2) I chose the fund to show you that your fund choice is weak. I meant no offense. It really would be a good fund pick if you only picked one fund AND you have the correct mutual fund time frame in mind. But I'm not in love with the fund by any means.
3) Average annual returns of 24.75% - yeah I know it’s only seven years, but that includes 9/11. But it easily whomps on the SP500 and it’s own index. And it’s up 19% this year.
4) Lipper ranking #1 out of 238 Capital Appreciation funds for the 5 year category.
5) Reasonable 0.85% Expense ratio for this type of fund. (1.59% average for the group)
6) You could easily moderate the risk of Leveraged Company Stock Fund by holding cash at the same time, but then you wouldn’t get the good returns.
7) I won’t hack on your fund any more, and only say the low returns of that fund are not worth the risk, both of which seem not readily visible to you. (Just an observation about being in love with investments)
BTW Thanks for the articles - the first one seems like he sniped several paragraphs right out of William Smith’s (IBD) Book. Or more commonly the seven blind spots of investors.
Sorry, didn't mean to hack the Fidelity fund, just place it in a risk category. It is/was and excellent fund for a portion of investment capital that is free for wilder investments. Again, glad you and your wife have done well in it. Yes, Tweedy is not looking very hot right now, but I expect they will prevail in the long term with decent SP500 beating returns.
Good discussion and you got me to thinking. May even make some revisions to my portofolio.
Good discussion and you got me to thinking. May even make some revisions to my portofolio.
You make a good point, if you had one fund. And that was the title of the post.
But, for the record I am not a fan of these things. What they do is bundle stock and bond funds into a "Life Cycle" Fund. Problem is that you pay the administrative costs of the bundled funds and then pay another administrative cost for the "Life Cycle" Fund Correct me, someone, If I am wrong. Its a clever way to part you from some of your money.
I can't speak for other fund companies, but Fidelity life cycle funds suck the chupacabra, in performance...and expenses (as I recall)....
TIAA-CREF "Managed Allocation" perhaps?
I just put some dough into Exselsior Value and Restructering. It's a no transaction fee fund, is a tad high on expenses and has a redemtion fee, but man has it performed. Beat the shiite out of the S&P 500 and has weathered Bear markets very well.
As far as balanced funds go (and I think I mentioned this above) Oakmark Equity and Income looks great.
It's the best, but like all the best funds, it's closed. Oakmark Select was a good fund with that really renowned manager I can't think of, but it's been sucking as of late.
I think some companies will let you in a closed fund if you go in via a retirement fund or possibly a monthly automatic payment.
American Funds Capital Income Builder.
been a winner for me.
been a winner for me.
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