gryffindor
Recycles dryer sheets
- Joined
- Mar 8, 2008
- Messages
- 51
One of the beneficial aspects of market turbulence is that there's been a whole wave of value funds opening their doors to the public as value becomes less popular again.
One of the "classic" Graham philosophy funds, the Sequoia Fund has been closed to new investors since December, 1982.
It is opening again on May first for an undetermined period of time. I've been waiting for this for a long time and plan on getting in.
Horrible fund if you want to track the market. Great fund if you want to buy your share of a few great companies and have some good experts track those companies for you. They're also planning on going more international in the future and kicking out all shareholders with have less than < 2.5k to minimize expenses. Not the greatest total admin costs of 1.02%
10k invested in the fund in 1970 would have grown to 2.1 M by 2007.
One of the "classic" Graham philosophy funds, the Sequoia Fund has been closed to new investors since December, 1982.
It is opening again on May first for an undetermined period of time. I've been waiting for this for a long time and plan on getting in.
Horrible fund if you want to track the market. Great fund if you want to buy your share of a few great companies and have some good experts track those companies for you. They're also planning on going more international in the future and kicking out all shareholders with have less than < 2.5k to minimize expenses. Not the greatest total admin costs of 1.02%
10k invested in the fund in 1970 would have grown to 2.1 M by 2007.