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American Funds Family
Posted on 1/15/14 at 2:25 pm
Posted on 1/15/14 at 2:25 pm
We are going to start funding an IRA and my financial planner guy is suggesting american funds. What are your thoughts on this fund family?
4
Posted on 1/15/14 at 2:37 pm to bobaftt1212
A+ for mutual funds.
Below average expenses for these funds. However, they perform about market average for funds. They have pretty solid options on the equity side of things. Bond funds are a little meager.
Below average expenses for these funds. However, they perform about market average for funds. They have pretty solid options on the equity side of things. Bond funds are a little meager.
Posted on 1/15/14 at 2:47 pm to Cmlsu5618
Not a big fan of loaded funds.
Posted on 1/15/14 at 3:31 pm to bobaftt1212
They are a good mutual fund, but they do have loads. That is a break point for some.
Posted on 1/15/14 at 4:06 pm to GoCrazyAuburn
They don't have loads in a managed account.
Posted on 1/15/14 at 4:08 pm to Broke
quote:
We are going to start funding an IRA
Will not qualify for a managed account anytime soon.
Posted on 1/15/14 at 4:09 pm to Janky
what he said.
Posted on 1/15/14 at 4:14 pm to GoCrazyAuburn
what would some similar options be with no loads? Or tell me where I can look it up myself? I am just trying to get a handle on investing in the market outside of my 401k. We have 3 rental properties and I am looking to use some of the profits from the monthly rent to fund the IRA.
Posted on 1/15/14 at 4:17 pm to bobaftt1212
I will let some of Bogle heads answer that. I would think no load indexing is the best way to go until you can build the account up. Just my opinion.
Posted on 1/15/14 at 4:43 pm to bobaftt1212
A lot here will recommend Vanguard. They are very good as well.
Posted on 1/15/14 at 6:20 pm to Broke
quote:
They don't have loads in a managed account.
Would that be the high expense R shares or the cheaper, but not cheap, A shares?
Posted on 1/15/14 at 6:23 pm to tirebiter
American funds? Must be an ed jones guy. Don't let him get a shares
Posted on 1/15/14 at 6:26 pm to bobaftt1212
They've done quite well for my kids' mutual fund accts.
Posted on 1/15/14 at 8:47 pm to roguetiger15
Why?
Posted on 1/15/14 at 9:58 pm to RebelOP
Look at the healthcare mutual funds under VG, T Rowe or Fidelity.
Then VDAIX.
Then Fidelity Low-cost.
Then VG Wellington (a balanced fund)
Then VDAIX.
Then Fidelity Low-cost.
Then VG Wellington (a balanced fund)
Posted on 1/16/14 at 8:05 am to matthew25
You would be hard pressed to beat American Funds. Even with A shares. Yes it's not pretty initially but in the long run the dreaded "load" won't make any difference. Run a 10 year comparison with an Am Funds A shares against a low cost Vanguard. You'll be surprised. You could also consider C shares if you don't like loads.
AmFunds has gotten a bad rap over the years but theres a reason their early critics are now singing their praises and even writing books on just how wrong they were to criticize AmFunds.
AmFunds has gotten a bad rap over the years but theres a reason their early critics are now singing their praises and even writing books on just how wrong they were to criticize AmFunds.
Posted on 1/16/14 at 8:21 am to Janky
quote:
I would think no load indexing is the best way to go until you can build the account up.
How do you stay in business?
Posted on 1/16/14 at 8:38 am to Cmlsu5618
Just go to Morningstar and look at the funds.
I don't do mutual funds very much but there is a smaller fund family I like when I do funds and that is Wasatch.
LINK
You can invest directly with most any fund family.
American funds are often recommended by Edwards Jones reps. They must pay good commissions.
I don't do mutual funds very much but there is a smaller fund family I like when I do funds and that is Wasatch.
LINK
You can invest directly with most any fund family.
American funds are often recommended by Edwards Jones reps. They must pay good commissions.
Posted on 1/16/14 at 2:12 pm to Cmlsu5618
quote:
How do you stay in business?
I don't open $5000 IRAs very often and when I do it is a favor.
Posted on 1/17/14 at 12:03 am to Janky
rjt: Why doesn't The Street (Cramer) list any Am funds? Or Money Magazine 70; Or Kiplinger 25?
Frankly, the only people who have ever recommended an Am Fund mutual fund to me have been employed by Edward Jones.
(I did have through my company some Am Funds -- set up by Ed Jones -- and I thought they were good funds - Growth fund of America; Income Fund of America; Washington Mutual)
But I will not pay a 6% fee to buy in a fund.
Frankly, the only people who have ever recommended an Am Fund mutual fund to me have been employed by Edward Jones.
(I did have through my company some Am Funds -- set up by Ed Jones -- and I thought they were good funds - Growth fund of America; Income Fund of America; Washington Mutual)
But I will not pay a 6% fee to buy in a fund.
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