Importance of Fees
We are seeing that the front-load fee of the actively managed Growth Fund of America (CGFAX) is really lowering the overall return of that fund. All new shares that are purchased have to make up 5.75% just to break even. There are other fees, ones that are a little hidden. Funds have expense ratios. They [...]
October 2010 529 Vanguard Index Fund Portofilio Performance
The month of October was a good month for the market. The Dow Jones Industrial Average (^DJI) was up +3.06% between September 30 and October 29. During the same period, the S&P 500 (^GSPC) was up +3.68% and the NASDAQ Composite (^IXIC) was up an awesome +5.86%. Impressive gains considering the excellent performance of the [...]