Oh, I'm sorry, apparently you DO want some on you!
Hey, you're the one quoting 5.75% on everything, which is inaccurate..........
I'm sorry, I thought I just acknowledged otherwise. My bad. I said "If you want to throw massive amounts of money at funds that dont make as much money as cheap indexes, they wont sucker you for quite as much of a front end load"
Is that easier to read?
It's not like you can fake a prospectus......
No, but you can pick your start and end dates judiciously, and decide what you do and dont include for costs and returns. That seems to be what happened. How unusual for an expensive fund full of front end loads to do some chicanery to get people to buy in!
Otherwise, go analyze what the #1 finance site did wrong and report back to us.
American Funds are not designed to "beat in index", never have.
Thats a good thing. Because it appears that they dont. And with 5 minutes of 'work' on shaping a portfolio, which I'm most pleased to offer for way less than 5.75%, you can thoroughly beat these funds and not be a sucker.
I would discuss on, but you aren't willing to have a logical discussion
Tell me where you got that? I offered some charts from a major financial web site, gave my opinion, and one proponent said he had "some books" that said otherwise, while you cut and ran. Offer me a logical discussion and I'll be glad to engage it. Point me at data, offer me facts. So far what I see is that American funds charge too much, return too little, and stray substantially from their investment targets.
Do note though that I have ten thousand notebooks full of why actively managed funds fail, and while I've been fairly nice about it up to this point, will gladly post those ad nauseum.
You were smart in the first place to divorce yourself from this loser of a discussion. I'm truly sorry you changed your mind.
For the rest of us, American funds underperform. Their primary proponent is a salesman who offers lame platitudes and then declares victory in the absence of confirming data. Their secondary proponent suggests that if you throw enough money at them, they wont soak you as badly on the entry to the poorly returning funds that he makes a ton of money from on referrals, and then suggests that you accept his livelihood without any supporting data because "he's done".