I am looking for a few options for a go-anywhere stock fund, primarily US stocks (global is OK) and preferably focused (on the theory that I am paying for a manager's best ideas). I have a long-term outlook and I don't mind volatile, "aggressive" approaches as long as there is a method to the madness. Low expenses are important, but not too worried about tax efficiency.
What do folks think about Ariel Focus (ARFFX) and Marathon Value (MVPFX), both mentioned in this month's commentary? Any other suggestions in this space?
For comparison, I currently have holdings in CGM Focus (CGMFX), Fairholme (FAIRX), and Bridgeway (BRAIX). Believe it or not (probably not!), I am not performance chasing -- I have been in all three funds for a long time and continue to put money in as these funds "battle for last place" as one article puts it. But I am changing brokerages with a different transaction fee structure, so I am using this opportunity to look at what else might be available.
Thanks in advance!
APPLX expenses are a little high, but they are NTF through my new brokerage so that helps a little. I put some new money into APPLX on Thursday's dip. Will monitor BRAIX going forward to find a good transition point.
I added more to FAIRX and CGMFX even though it hurts. My goal with these funds was that they have relatively low correlation with each other. But of course they can still both be wrong -- like this year.