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Re: American Funds
Old 05-02-2007, 09:25 AM   #21
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Re: American Funds

Originally Posted by choices1945
I am taking early retirement in a couple of weeks so I have to make a rollover decision soon. I've had my 401K in Fidelity for 20 years and I think their record is below average at best. I had no other choice in my 401K. I was solicited by a Planner for American Funds and I was skeptical. I did some research and their returns are much better than either Fidelity or Vanguard. I talked to a CPA last night and his opinion was that the $8000 load I would have to pay is "nothing". There is a reason that American Funds are rated highly by Money and Fortune.
I have owned AF for over 10 years, and have NO regrets about their performance in good and BAD markets. My WORST quarterly return in my portfolio of AF was -8%. I can think of a TON of people who would have traded places with me.

AF took a lot of heat when a bunch of their funds was 10-20% in cash during the last bear market, but it sure helped curb volatility.

Bond Fund of America has been around since 1975, and it's lifetime average return is almost 9% a year ...............
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

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