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 [...]
Vanguard Index Fund vs. Vanguard Actively Managed Fund
Interesting article over at TheStreet.com. It says Vanguard’s actively managed funds have outperformed their index fund counterparts (I have not verified these claims myself; at some point I may want to do this study). The performance of the actively managed funds is credited to the quality managers (remember, most actively managed funds are only as [...]
Front-End Sales Charge for the Growth Fund of America (CGFAX)
Bad news: I just checked into the front-end sales charge for the Growth Fund of America (CGFAX). The sales charge is 5.75% if your balance is $0–$25,000 and 5.00% if your balance is $25,001–$50,000. I recall that a lot of the actively managed 529 funds do have a front-end sales charge, so this is not [...]
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