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We have some of our plans with AF's. As for how they are doing, well, the market is up so they are moving up. It is a pretty broad statement as there are many, many different funds you can be with inside American Funds.
We have some of our plans with AF's. As for how they are doing, well, the market is up so they are moving up. It is a pretty broad statement as there are many, many different funds you can be with inside American Funds.
Right there are about 15. Which ones are you favorites? Who is your broker?
I have AmCap and like most everyone else, I've put more into it than it's worth. My boss/broker likes AmCap, Fundamental Investors and New Perspective...seems to sell a lot of those.
I have AmCap and like most everyone else, I've put more into it than it's worth. My boss/broker likes AmCap, Fundamental Investors and New Perspective...seems to sell a lot of those.
American Funds has some pretty good funds, but IMO it's not smart to pay a big load for a fund when it's likely there are NO-LOAD funds out there which are just as good if not better. That is, unless, you really need the hand-holding of a GOOD advisor (many are just a salesman) and you're willing to pay for it.
American Funds has some pretty good funds, but IMO it's not smart to pay a big load for a fund when it's likely there are NO-LOAD funds out there which are just as good if not better. That is, unless, you really need the hand-holding of a GOOD advisor (many are just a salesman) and you're willing to pay for it.
You can't buy AF's without a 5.75% sales charge. AF also beat the average market so I think its totally worth it to pay the load and know that someone is managing it.
AF also beat the average market so I think its totally worth it to pay the load and know that someone is managing it.
Like I said, there are other funds out there just as good or better--and which don't require you to give up a large chunk of your dough for the privilege of investing in them.
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The other funds have a high MER.
I don't know about American Funds, but on average, no-load funds actually have lower ERs than load funds. And given the difference in expenses/commissions, it's no surprise that, on average, no-load funds outperform load funds according to studies.
But I'm not trying to change your mind. If you're happy with your funds, that's all that matters.
Like I said, there are other funds out there just as good or better--and which don't require you to give up a large chunk of your dough for the privilege of investing in them.
I don't know about American Funds, but on average, no-load funds actually have lower ERs than load funds. And given the difference in expenses/commissions, it's no surprise that, on average, no-load funds outperform load funds according to studies.
But I'm not trying to change your mind. If you're happy with your funds, that's all that matters.
No load funds outperform loaded funds? Any source?
"...It turns out that load funds consistently underperform no-load funds, even when you back out fees.
That's what Tim Hanson and I found in our survey of the best funds of the past decade. Of the top-performing funds, 76% charged no load.
Academic research drives the point home even more: In 1998, Professor Craig Israelsen found that "even after ignoring the impact of loads, no-load funds had, on average, significantly higher returns."
Five years later, in Financial Planning Magazine, Israelsen wrote about a different time frame. The result was the same: No-load funds were superior to load funds."
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