DGIFX

Ben

I have an investment in DGI Fund (Disciplined Growth Investors/DGIFX). I am happy with how they invest and I am puzzled by their paperwork. First of all their printed quarterly statements do not contain my full account number. It is a few digits followed by asterisks. If I hadn't written the account number on the front of file folder containing the statements, I would have no way of knowing it. I don't memorize these numbers. I can understand and appreciate the asterisks on an internet statement but not on a printed one. Are they afraid I will steal my identity from myself? Nah. Is it mental laziness? I suspect the latter as the cause of an anomaly on their form for making an additional investment in an IRA. There is a line to enter the name of a co-owner. The I in I-RA stands for "individual". There can be no co-owner. I suspect the culprit is "boilerplate" copying from another form without proofing and without thinking.

I realize that the individuals who select the fund's investments are probably not the ones who write the forms. But surely there should be some oversight,

It's perhaps irrational but this mental sloppiness makes me a bit wary of making a further investment.

Are there any thoughts about this?

yogibearbull

Many firms do this to protect you when your snail mails are lost or stolen. You can look at an older statement and write down the full a/c numbers somewhere for all financial accounts.

Ben

Good point about the asterisks. Thanks.
Do other firms provide a line for imaginary IRA co-owners?
That's the part that worries me.

yogibearbull said:

Many firms do this to protect you when your snail mails are lost or stolen. You can look at an older statement and write down the full a/c numbers somewhere for all financial accounts.

BenWP

I used to own DGIFX. It seemed to me they were trying to upgrade customer service as there had been some glitches. The fund amassed a huge position in SuperMicro (SMCI) that necessitated huge capital gains distributions, hurting recent fund owners. I listened to two of their yearly round-tables with the investment team. Quite boring and reflective of the culture in the upper Mid West (to put it blandly). You do get a mini-box of chocolates in December, more than an other fund company has given me.