motomotome wrote:Hi there; first poster here, though I've followed & learned quite a bit from this site in the past. I've just turned 29. I volunteered abroad for a couple years in the past so therefore limited savings. I was in graduate school, which I financed entirely with debt, but was lucky enough to land a couple of jobs. I have spent 1 year in the private sector, currently doing a year in government, with a job with my old firm lined up for when I go back in fall of 2013.
7. I am very high on Gabelli Focus Five Fund (GWSVX) (1.71%) (http://www.gabelli.com/Template/fund_ob ... d_code=840), or at least the idea behind it. I was in it earlier, and it's one of my few former holdings that I would consider re-purchasing. The expense ratio, however, seems quite high. Are there comparable funds that would provide a similar investment strategy at lower expense cost? I've seen a couple "similar" funds at vanguard, but they seem to limit themselves to a couple hundred stocks rather than just dozens.
Thanks for reading, and your help/consideration. It's much appreciated!
motomotome wrote:Thanks for the initial thoughts!! A couple of follow ups.
Occupier -- I'm not sure what you meant by NY tax free? I did a general search on Vanguard and it came up with four non-vanguard funds. Is that correct?
For Grok87 -- I'm not sure if we're discussing the same fund. I think GWSVX -- at least as focus five -- is quite new, opened in the last twelve months or so. It may have operated under a different investment strategy in the past, but I would be surprised to hear it compared to the S&P 500 when they only invest in 30 or so value stocks. But, I suppose that research does bear a cost, and perhaps I should say no!
motomotome wrote:Thanks so much for your thoughts. (Please excuse the delayed reply as my computer's been hijacked by the Genius Bar.)
I am looking through the cited thread and learning quite a bit. Thanks for the recommendation!
motomotome wrote:When in private practice, and when I return to my firm:
- $17k in 401k <-- It's now $17.5k/yr.
- $5k in IRA/Roth (with back-door Roth transfer if Roth ineligible) <-- Now it's $5.5k/yr.
- $10k in taxable (the balance of my taxable account was cash I had saved in the past)
grok87 wrote:just had another look at that Gabelli fund and the other issue is turnover. which is 140%. That is really high and quite deadly in a fund. see this thread for example
motomotome wrote:I understand, and appreciate, the concerns regarding GWSVX, and I'm planning to stick with Vanguard funds.
motomotome wrote:Are there comparable funds that would provide a similar investment strategy at lower expense cost?
motomotome wrote:...is it fair to chart a 3-year, 5-year, or even 10-year comparison given that the strategy changed completely in late 2012?
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