LXEX55
Recycles dryer sheets
I would hold for at least five years. I realize no one has a crystall ball, but, experience and knowledge come into play when decision making. Thanks for reading. Opinions are welcome and appreciated.
Please don't buy it. FBGRX is a sector fund with above-average fees. That's two strikes in a game where it's one strike and you're out.... Opinions are welcome and appreciated.
This is the proven answer for investors, and a greater than five year horizon makes you an investor and not a speculator.... Own the entire market. ...
Sorry, past performance is not predictive. Below is a chart that I use with my Adult-Ed investing class. Apologies to anyone bored/if you have seen it posted before.This fund only has my love as long as it delivers results better than the alternative.
0.8% fee.
Nope.
0.36% for FNCMX and the same performance
Not the same performance. YTD 20% vs 28%, 3 mo 21% vs 26%, 1 mo 6% vs &7%.
I agree that the performance of funds will change. That is why I watch mine like a hawk.
To be clear, I don't see this as a matter of opinion or emotion. I was trained as a scientist and engineer to make fact-based decisions. Managed funds produce random results and, because of their costs, they underperform their benchmarks. This is not opinion or emotion, this is fact. It is really old news, actually: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=244153 If you or anyone has facts (not anecdotes) that contradict this, I would like to know as I am as greedy as the next guy.... Oldshooter has a very strong opinion... managed fund haters ...
Not me, if you count me as a "hater." There is no such concept as "overdue" in random processes. If I flip heads five times in a row, the odds of tails on the next flip are unchanged: 50/50.... Since past performance is not future results, the managed fund haters would definitely believe its well over due to perform poorly. ...
Exactly. The poster child for this was a guy named Bill Miller at Legg Mason. He outperformed for like ten years before his luck ran out and in two years he destroyed the fund. More: https://www.reuters.com/article/us-...er-leaves-firm-amid-faded-glory-idUSKCN10M1DV... no guarantee at all it would continue to outperform.