But a dirty secret is this: Average, no-load fund investors do much worse than the funds--or the market.
Discount brokers and no-load fund companies generally offer different levels of service.
Sheldon Jacobs , editor of The No-Load Fund Investor, has a ten-year risk-adjusted return that puts him among the top five fund letters, according to Hulbert.
It's rare, but sometimes a good manager at an expensive load fund can be found making a little extra money on the side by also running a cheaper, comparable no-load fund.
Front-loaded funds put less money to work right away because of a front-end commission of 8% or so, but if the fund is well managed, it is a better investment than a no-load fund that underperforms.
Veteran fund picker Sheldon Jacobs, editor of the No-Load Fund Investor, is delighted with the boost his favorite international equity fund gave his model portfolios last month: Longleaf Partners International ( LLINX) was up 14.2% in April.
The panelists included Janet Brown, editor of No Load Fund X, Richard Lehmann, Editor of Forbes Lehmann Income Securities Investor, Marilyn Cohen, editor of Bond Smart Investor, John Reese editor of Validea Hotlist and Mark Gerstein editor of the Forbes Low Priced Stock Report.
Your spouse will love you, and you will find yourself holding longer--like a load-fund investor.
Liken it to the difference between a no-load index fund and an index ETF.
Consider discount brokerage companies like Charles Schwab and TD Ameritrade and no-load mutual fund companies like Vanguard and Fidelity.
They can buy a no-load mutual fund from Nomura Asset Management Co.
You can minimize these by choosing a discount brokerage or no-load mutual fund company like Vanguard, Fidelity, Charles Schwab, TD Ameritrade, or Scottrade.
Dull but highly tax-efficient and extremely low cost: This no-load index fund attempts to mimic the Wilshire 5000 by investing in large, mid and small caps.
Rowe, which operates one of the largest no-load mutual fund complexes in the U.S. Some 75% of its assets under management is invested in equities and 25% in target-date retirement funds.
As I point out in the forthcoming third-quarter issue of the Quarterly Low-Load Mutual Fund Update (which will be published soon), foreign funds outperformed their domestic counterparts in most categories.
My picks declined an average 6% by year-end and would have left you 3% poorer than a hypothetical investor putting the same money at the same dates into a no-load index fund.
His no-load Thurlow Growth Fund for U.S. investors is up a stunning 28% through Aug. 31.
The AmSouth Small Cap Growth Fund, with a 5.5% load and 1.6% expense ratio, has beaten the Target Small Capitalization Growth Fund, which is a no-load and charges 1%.
Additionally, Dow is in the process of addressing the heavy debt load taken on to fund the April 2009 purchase of Rohm and Haas.
The cost of a fund includes the sales load (if you buy through a broker) or transaction fee (if you buy through a fund supermarket).
Another good bet for a 529 would be Treasury Inflation-Protected Securities (TIPS), which currently return approximately 3% plus whatever the inflation rate turns out to be. (Currently, that works out to a combined 5.5%, according to Vanguard's John Hollyer.) Unfortunately, the only 529 investors with access to reasonably priced TIPS are residents of South Dakota, who can buy into a Pimco TIPS fund with no load.
Berry likes the similar Eaton Vance Floating-Rate Fund, yielding 1.9% after expenses of 1.8%, for its "steady performance and proven management" and the no-load Fidelity Floating Rate High Income Fund, which is returning 2.9% after expenses of 0.9%.
Most of the supermarkets levy a transaction fee if you sell a no-load-no- transaction-fee fund within 45 to 90 days.
As pensions load up on multi-tiered hedge fund products created and recommended by their so-called independent consultants, fiduciary principles fall by the wayside.
The easy choice here is the Vanguard Health Care Fund, a no-load with low expenses and a superb performance record: 16% a year since inception in 1984.
Hardly a single mutual fund company with a sales load structure could justify offering only its own mutual funds to its employee 401(k), based upon fees and performance.
Since a broker, if one is involved, receives a fee from the mutual fund instead of charging a load, this could be causing average fees to rise (loads are not included in most expense ratios).
AllianceBernstein International Value Fund, which has a front load of 4.25%, is among the most French-heavy at 18%.
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