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Hi
I am newbie. I want to start buying mutual fund for long term investment.
I know it is hard to recommend which fund is good but I need to get some feedback of what I choose.
I want to buy 2 Large cap growth,2 mid cap growth, 2 small cap growth and 2 international.
So far I chose
Matthews Pacific Tiger investor-MAPTX
Matthews Asian Growth & Income-MACSX
T.Rowe Price Health Sciences-PRHSX
T.Rowe Price New Horizon-PRNHX
Touch Sands Capital Select Growth Z- PTSGX
Fidelity Small Cap Discovery- FSCRX
T.Rowe Price Media & Telecommunications- PRMTX
I chose these only based on morning star rating but I am not sure I chose right one.
Please tell me what you think about these funds.
thanks.
I think the T. Rowe Pirce Media & Telecommnications PRMTX and T. Rowe Price Health Sciences PRHSX don't fit what you say you want. They are specialized funds. Not that they're bad...but they don't match up with what you say you want. It's the same deal with the Matthews funds...they invest all or mostly in Asian companies...not diversified.
Also, those are all really aggressive funds. They have good performance, but most people can't handle the volatility of those kinds of funds...so they buy and sell these funds at the worst possible times (they buy high and sell low). Maybe you are the exception...the problem is everyone thinks they're the exception when they're not.
In general, I just think your portfolio is badly constructed. Too many overspecialized funds, and too volatile.
Personally, I think you'd be much better off with something like T. Rowe Price Capital Appreciation PRWCX (a balanced fund that has done better than most stock funds over the last 15 years). If you like small cap...T. Rowe Price Small Cap Value PRSVX is also good with lower volatility ..although I will concede their New Horizon fund is a good fund.
For international I like Dodge & Cox International Stock (DODFX). It had a terrible year in 2008 but otherwise has a great long term track record and low expenses (.64%).
Given your tastes, I'd say you could construct a good portfolio with fewer funds:
T. Rowe Price Capital Appreciation PRWCX: 70%
Dodge and Cox International Stock DODFX: 20%
T. Rowe Price Small Cap Value PRSVX (or New Horizon PRHNX...your choice): 10%
Hi
I am newbie. I want to start buying mutual fund for long term investment.
I know it is hard to recommend which fund is good but I need to get some feedback of what I choose.
I want to buy 2 Large cap growth,2 mid cap growth, 2 small cap growth and 2 international.
So far I chose
Matthews Pacific Tiger investor-MAPTX
Matthews Asian Growth & Income-MACSX
T.Rowe Price Health Sciences-PRHSX
T.Rowe Price New Horizon-PRNHX
Touch Sands Capital Select Growth Z- PTSGX
Fidelity Small Cap Discovery- FSCRX
T.Rowe Price Media & Telecommunications- PRMTX
I chose these only based on morning star rating but I am not sure I chose right one.
Please tell me what you think about these funds.
thanks.
Hello,
Buy index funds as the cost is less. You can buy one index fund at Vanguard and be done. The Total Stock Market Index fund. You can buy a Total Bond Market Index fund as well. Two funds, nice and easy and low cost.
I want to pick the funds what Dave Ramsey recommends .
As far as I understood, he recommends 25% Large Cap Growth, 25% Mid cap Growth, 25% Small Cap Growth and 25% international.
He did not recommed Bond funds. Can you suggest the best fund options within that categories based on the long term perfomance??
thanks...
I personally think that is a long term strategy you have there. I might not go with an equal share in each. I like small caps and mid caps more. International is a higher risk and therefore has more earning potential as well as the loss potential so I would put less there. Large caps are over valued and I am not a big fan of them. Still this is my opinion.
Were you looking for fund families? Particular funds? If you are looking long term then bonds are not for you.
I want to pick the best one available. What is your favorite funds in each categories?
I picked lists of funds so far below but some are sector funds because I could not find good ones for Large Cap Growth and Mid Cap Growth. I want to invest in Roth IRA. I agree that the international ones I chose were not speaded out much. So if you know better international funds than I chose then please share your idea.
I want to pick the best one available. What is your favorite funds in each categories?
I picked lists of funds so far below but some are sector funds because I could not find good ones for Large Cap Growth and Mid Cap Growth. I want to invest in Roth IRA. I agree that the international ones I chose were not speaded out much. So if you know better international funds than I chose then please share your idea.
So far I chose
Matthews Pacific Tiger investor-MAPTX
Matthews Asian Growth & Income-MACSX
T.Rowe Price Health Sciences-PRHSX
T.Rowe Price New Horizon-PRNHX
Touch Sands Capital Select Growth Z- PTSGX
Fidelity Small Cap Discovery- FSCRX
T.Rowe Price Media & Telecommunications- PRMTX
thanks..
Let's start with ones I do not think are good.
PRMTX too specialized. Especially if you are just starting. You need a balanced
PTSGX not a good performer and over priced
PRNHX not a good performer
PRMTX not a good performer and over priced
FSCRX Okay reasonable price. It would be good provided the operating costs are low.
PTSGX Okay reasonable price.
MACBX and MAPTX are good. CBX is a lower cost per share. Both have decent track records over the last couple of years.
My opinion pick one of those MACBX or MAPTX and go in for about 10 to 20%. The other two I say are okay could give you steady growth.
It is quite interesting that all of the ones you have are listed NASDAQ. Are those the only funds you have available? Is this your first time in the market? You never answered any of those questions. Those are very important questions. You need to remain balanced in your investing. Not being balanced and diverse will affect your overall performance.
I would not recommend 100% equities because most people would bail if we had another market correction like we did in 08-09....
It really depends on what else he has. Also how long he has for investing. Honestly if he is 45 years old he is going to need to be agressive. If he is in his 20's or early 30's that gives equities a good bet.
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