I know I am all over the map here, but I'm a 4D person, living in a 3D world, in other words, I'm complicated. :). Part of what I would like to accomplish in this blog, is to explore wisdom on sound, old-fashioned, Geo. Washington-style wealth building.
Today I wanted to share some investment research I recently completed (in case you don't know, I'm a research junky) hoping it is a value to some of you. The email I sent family earlier, FYI:
Dear Family,
I've mentioned a mutual fund to you that has been a really good investment for us over the years, having doubled our modest 401k/IRA in 5 years, it was John Hancock's Blue Chip Growth Fund JBGAX or JIBCX, depending (same fund, one is IRA, the other 401k).
In case you've considered that investment, or even invested in that fund, I wanted to tell you about an even better fund, and one I've moved our retirement funds into this month, and that is the T.Rowe Price Blue Chip Fund symbol TRBCX. It has the same fund manager, and a very similar investment profile, indeed, it appears the top 10 investments are the same in each fund, as I recall. The reason it is better, is that it has outperformed JBGAX over the years, AND, importantly, the fees are 40% less, which adds up A LOT over time, considering compounded returns.
Here's a snapshot of the investment trend, with a top rated Lipper score of 5, and good reviews which I'll copy you on. I thought, just in case you have invested in JBGAX on my recommendation, I didn't want to leave you out of this better opportunity for growth.
Review links:
You might note the historical 111% growth over 5 years on the graph above, in other words if it performs as it has historically, which is no guarantee [and you should seek a 2nd opinion on this investment considering your appetite for risk (moderate in this case), and life stage], you will double your investment in 5 years. Not too shabby :).
Expect this fund to rise and fall over time, but ultimately it is likely to have an upward trajectory as you see in the graph over the long haul, which is what I, like Warren Buffet, seek in an investment. Trust in investing in strong, well-managed, profitable American companies long-term, and don't sweat the short-term corrections, which are inevitable. Later life stage folks may have to be careful about how much of their nest egg to put in this fund, since it can be somewhat volatile short-term (Warren, for example, has suggested his wife invest in index funds when he shuffles off this mortal coil).
If you've questions, please let me know.
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