Growth fund choices @young - I have no bias against TCW because frankly I don't know that much about them. However, the particular fund you inquired about gives me pause because:
°It is a very concentrated fund, +
52% in the top ten holdings, +12% in the top holding, There's nothing wrong particularly about that except be very aware of what you're buying.
°The fund has a pretty short history (3 years). I'd like to see a longer performance history, more info on the manager, and more info on how the fund is managed.
°Expenses or should I say the expense ratio, is all that you can control when choosing funds and this one is a bit high given most of the other growth fund options out there.
°This is a small fund in terms of AUM, $87 million. Given the concentration of the portfolio you'd better hope that the manager is on his stock picking game.
So again I repeat, there's nothing inherently wrong here but be very aware of what you're buying.
Growth fund choices @young,
Glad to hear you found folks’ suggestions helpful. Not sure what you’re looking for or where you are in the investment cycle. While it doesn’t seem like it today, an ability (
disposition) to withstand the inevitable market shocks both here and abroad is one consideration. Doesn’t do any good to own a top performer if the first 3
5% spanking is going to find you standing out on a ledge mumbling incoherently to yourself (figuratively of course).
An overlooked fund that’s not a category leader, but would be a nice middle of the road growth fund, is Price’s PRSGX (Spectrum Growth). I happen to believe there’s a margin of safety in numbers. This one invests in about a dozen different TRP funds - several of them top flight. And, unexpectedly, it’s got 36% in foreign holdings. Lipper has it middle of the pack (3/
5) on return. But it leads its Lipper’s category for
capital preservation. I realize most here will shun a fund like that. But if you’re more of a “set-it-and-forget-it” type - or just too busy to pay a lot of attention, I think it’s a great long term pick. One reason it lags its Lipper peers is the substantial foreign weighting (higher than the peers it’s being ranked against). But that will turn one of these days. Just a thought since you like TRP. I like them also for many reasons.
Hope you get a response on the TCW question.
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly It’s true that only 24% of graduates taking the test got all 4 questions correct, but another 33% got 3 of the test questions right. That might be somewhat disappointing, but it’s not too bad either. The graduates out scored the other group categories taking the test.
A far more important statistic is that college graduates earn over 50% more per year than non graduates. Getting that degree has a measurable life changing impact so just do it. It is worth the effort and any sacrifices.
+1
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly @_catch22 hi sir... Probably nothing do w politics but when I finished college I love Bill Clinton try to vote for him multiple times before previously.. I also voted for Kerry Bec ause use of gulf War . My point is probably >
50%of mellenials are democrats or favored democrats
But if u are business owner or working pay heavy taxations you may change your views though...
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly Hi Guys,
It’s true that only 24% of graduates taking the test got all 4 questions correct, but another 33% got 3 of the test questions right. That might be somewhat disappointing, but it’s not too bad either. The graduates out scored the other group categories taking the test.
A far more important statistic is that college graduates earn over 50% more per year than non graduates. Getting that degree has a measurable life changing impact so just do it. It is worth the effort and any sacrifices.
Best Regards
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly her eds also let through her stupid misspelling of pique in the lede
It’s also possible she had it right initially and her editors /
spell-checker changed it. Either way it’s frustrating to see something like that make it to publication.
I liked the math quiz. Might have gotten
50% correct when I left college - but not so sure. In retrospect, it’s amazing how poorly prepared I was for the financial road ahead. One example - Shell Oil mailed me a completely unsolicited credit card my senior year of undergrad. No questions asked. Piled up a vast sum of debt over the next 3-6 months, prior to landing a job, before realization kicked in that I needed to repay the money.
Should we blame higher education? Should liberal arts majors forsake hours spent devouring Shakespeare or Milton in order to take courses in compound interest and sound financial practice? Not sure that’s what I was paying tuition for.
The Dark-Money Lobbying Group Going After Pension Funds
. @Derf, from the paragraph you copy-pasted,
5.8% is over the
"remainder" of the year, the last 3 quarters. That's how I read it anyway.
.
"Still, history bodes well for stocks the remainder of the year. Since 1950, the S&P 500 has recorded 10 first quarters where the index gained at least 10%. On nine of those 10 occasions, the index rose for the remainder of the year, averaging a gain of 5.8%. The only year it declined was 1987, known for Black Monday, when the index fell 15% after the first quarter but still closed out the full year with a 2% gain"
If I'm reading this correctly, one should sell somewhere with the gain over 10 % ,as the yearly gain was ONLY 5.8% ?
Derf
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly If I hand out a pop quiz with four multiple choice questions, surely I know how many students aced it.
So long as at least 25% answered each question correctly, it is possible that 25%+ got all four correct. So long as the sum of the wrong answer percentages is at least 75%, it's possible that not more than 25% got all four correct. Both of those are true here.
You don't have enough information from the individual figures to do better than this. But the "teacher" does.
To make this clear, say that 25% get four answers right, and the rest are dolts who get 0% on their quizzes. Then the correct answer rates for all four questions will be 25%; still 25% of the students got all the answers correct. That's even worse than the actual individual question results.
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly Hi
@RbrtI'm not a math whiz; but I need help with discovery of that 2
5% number, too.
Can't email the author, as is the case now for most of these folks. She has a twitter account that I viewed, but nothing related to her write.
The quiz should have a re-do as to whether any of the original quiz takers are able to understand the math behind the 2
5% number...........now, there is the test.
Perhaps too tired tonight, for me.
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly How did they arrive at the 25%? I know if the percentages were say machine up time then you could say all 4 are probably only available 19.2% of the time - but how do we know that the 54% that got #2 right didn’t get the other 3 questions right?
BTW, if kids weren’t sure and they picked “not sure” did they get credit?
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly If they can't do their finances, can they write grammatically correct headlines?
Marketwatch is the source of this thread's subject line (fewer than 2
5% of grads); other sites like ZeroHedge served up a different article with a headline reading "less than 2
5%" of grads.
Fidelity Sales Tactics Called Out In Settlement Of Retirement Plan Lawsuit
Fewer Than 25% Of College Graduates Can Answer 4 Simple Money Questions Correctly
DODFX re-opening on 5/1
At least they're being honest! Though given their utter reluctance to adjust their holdings as the GFC was confiming itself didn't sit well with me ... they were too stubborn at the time and the fund suffered more than it probably needed to.
The Dodge & Cox International Stock Fund will reopen to new investors on May 1, 2019.
The Dodge & Cox International Stock Fund will reopen to new investors on May 1, 2019. The Fund was closed in 2015 to proactively "tap the brakes" on the Fund's growth, but remained open to existing shareholders.
Since then, we have continued to deepen our global research and shareholder services capabilities. Volatile global equity markets have also created what we believe to be many attractive long-term investment opportunities outside the United States. This volatility, industry trends, and the Fund’s recent relative results have contributed to outflows, creating ample investment capacity to accommodate reasonable growth into the foreseeable future.
All of these factors led us to conclude that this is the right time to open the Fund to new investors. Our primary objective at Dodge & Cox is to serve our existing clients and shareholders well, and we believe reopening the International Stock Fund supports this objective.
Growth fund choices
Growth fund choices ”I am lookin for a growth fund that is not heavily weighted on Tech, not above 50 % at least.”
Your question suggests that such a fund would be an
exception to the rule or an
aberration from norm. Frankly, I’m not aware of any
diversified growth funds that would ever exceed
50% in technology under normal circumstances. With growth funds I think the most important thing is to buy-in for the long haul. Each will have its day - but their performances diverge sharply over shorter periods as various sectors wax and wane. Trying to always own the best performing one might be the equivalent of the proverbial
elephant chasing his tail.
Lots of fine growth funds out there. Just a couple that come to mind:
TRBCX - 28% technology - per Lipper
http://www.funds.reuters.wallst.com/US/funds/holdings.asp?YYY622_FomFGKRzy/Zlxw7oh/nFxhuZTH3KwZb8EX/lL+8rQLf+NFFYgOPjGud+qERLyR7vDODGX - 1
5% technology - per Lipper
http://www.funds.reuters.wallst.com/US/funds/holdings.asp?YYY622_ku+B2TlKptBi+tpivKaWyBuZTH3KwZb8EX/lL+8rQLf8SJRq1qRCsCbi0+hJj/WIDifferent rating services and observers may define “technology” companies differently. One might include a company like Amazon under
consumer retail and another might consider it a
technology company.
Telecommunications is sometimes listed as a separate category and at other times considered part of the broader
technology area. Some of that is just
games people play. But sometimes it’s because there’s considerable “gray area” when deciding where a particular company best fits.
That said, Lord help anyone who ends up in a
“diversified” fund that has committed over
50% to the technology sector. It’s one of the most volatile areas in which to invest.
@hank, Dodge & Cox is most definitely not a Growth shop....
10 largest etf's by A.U.M.; which have exposure to A.I./M.L. holdings @MFO Members: The linked article was poorly written by not explaining the criteria for AI ETFs.
Artificial Intelligence ETFs are funds that meet at least one of the following three criteria:
They are funds that specifically invest in companies involved in the development of new products or services, technological improvements in scientific research related to artificial intelligence, or
They are funds that have at least 2
5% of portfolio exposure to companies that spend large amounts on artificial intelligence research and development (R&D) expenses. Examples of such companies are Amazon, Tesla Motors, Apple and Alphabet, or
They are funds that use artificial intelligence methodologies to select individual securities for inclusion into the fund.
Regards,
Ted
Growth fund choices @msf - Re:
SEC -
“Truth in labeling”? That’s new to me. That would suggest HSGFX should have omitted the word “growth” from its name. Maybe
HS#FX. :)
From your source
“The rule requires a fund with a name suggesting that the fund focuses on a particular type of investment (e.g., "stocks" or "bonds") to invest at least 80% of its assets accordingly. Under Commission staff positions, these funds previously were subject to a 65% investment requirement.”Not what I had in mind, but very interesting. PRMTX must than be legally obligated to have 80% in those 2 sectors? (Fortunately, it’s a spectacular fund).
What I had in mind was the rule referenced in a Zack’s article (cited below). The article’s so skimpy I was reluctant to post it. (And I’d previously assumed - incorrectly - that by law “diversified” funds could not concentrate heavily in
one sector.)
(From Zacks)
“Diversified funds cast a wide net for assets, catching bonds, cash, and stocks from many companies. Under federal law, a fund cannot tie more than 5 percent of its value in a single company's stock.” https://finance.zacks.com/difference-between-diversified-nondiversified-mutual-fund-5139.html
