Long time reader (great discussions!) who is seeking advice one of my best ever long-time holdings - VHCOX. I have held VHCOX since 1998 and have enjoyed index-beating returns (albeit with some huge drops along the way). And yet my patience is wearing thin. It's risk-adjusted performance over the past 3 years is mediocre. How much time to I give to a 13-year holding that has served me well (in the past)?
If VHCOX needs to be retired from my portfolio (with a grateful sendoff), what would be an equivalent type replacement? Perhaps VOT (Vanguard Midcap Growth) or VUG (Vanguard Growth)?
What say you?
Mike E.
Comments
First Trust Midcap Core AlphaDex ETF.....3-yrs annualized: +13.47%
Perhaps that is why index funds are so alluring - you know what you will get (market returns - no more, no less).
Thanks for everyone's input. I appreciate it.