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Mutual Fund Outperforms Using 51-Year-Old Investment Strategy
Here is a performance chart comparison (see link below) of FDYZX which include other funds that were around in 1968...such as LEXCX, VWINX, VWELX.
LEXCX would have been a better all stock fund choice. I find that a mutual fund needs a consistent higher upside capture (I'll call this alpha) in order to overcome its periodic downside. LEXCX achieved this "two steps forward...one step back" over the long term much more so that FDYZX has.
VWINX and VWELX even achieve a better performance ride most of time and with a lot less volatility compared to FDYZX.
Comments
http://financials.morningstar.com/fund/purchase-info.html?t=FDYZX®ion=usa&culture=en-US
LEXCX would have been a better all stock fund choice. I find that a mutual fund needs a consistent higher upside capture (I'll call this alpha) in order to overcome its periodic downside. LEXCX achieved this "two steps forward...one step back" over the long term much more so that FDYZX has.
VWINX and VWELX even achieve a better performance ride most of time and with a lot less volatility compared to FDYZX.
Chart Comparison
LEXCX would be good if it had a lower ER. Sorry, for an essentially unmanaged fund, the ER should be like .15 or less.