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Papa Chuck | What is your opinion about this mutual fund? |
USAA Precious Metals and Minerals Fund (USAGX)
Provides concentration in precious metals and minerals companies.
Seeks to protect principal in inflationary times.
Reduces portfolio volatility; often performs differently than other stock and bond funds.
NAV: 2 As of 02/22/2008 $36.61
Lipper Category: Gold Oriented Funds
Newspaper Listing: PrecMM
Overall Morningstar Rating™: As of 01/31/2008 = 4 stars
Expense Ratio:1 = 1.21%
Lipper Category Expense: As of 01/31/2008 = 1.51%
Morningstar Fund Category: Specialty-Precious Metals
Funds in Category: 61
Year To Date=8.83%
1 year=37.80%
5 Year=32.77%
10 Year=23.21%
I am a 30 yr old beginning invester and I am interested in making the most possible money that I can before I turn 65. Are funds like this one, ones I should invest in. I would be investing through my bank so can I do better through somewhere else? Can you explain to me what each of these means? |
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Mary Ann V
 |
First thing I would like to say, is to look at every recommendation you get from this forum closely, and that includes mine.
I would like to point out to you that there are other conservative investment vehicles you can use other than mutual funds. I am not against purchasing them, however, about 75% of them under perform the market. All of them have management fees, and some of them have sales loads.
This particular fund has a 1.21% expense ratio, much too high for my personal taste.
Also, it is in the precious metals sector. I personally do not believe that sector will rise much further. Many people disagree.
You might look at ETF's. They are basically the same thing as mutual funds but with lower overall expenses.
My best investment is a DRIP Plan I started about 15 years ago. It has performed quite well over the years.
They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........
They are inexpensive to start and maintain, and your dividends are reinvested for free.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. |
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Common Sense
|
First the good news. Morningstar gives this fund a four star rating. I read the review (I'm a premium Morningstar subscriber). Part of what it say is;
"Good relative performance in both up and down markets for gold"
This is encouraging. I may look into this fund.... so "thank you". I'm also an "aggressive" investor...... but I've learned some important lessons in the past 30 years of investing (I'm also a stock trader).
First & most important. Always use a pre-determined "asset allocation" plan. It can be aggressive, but never (ever) be heavily weighted in one specialty sector. My current exposure to gold is 2% of my assets.
I'm thinking of increasing it.... but it will never be more than 5% of my total assets. In the past I "chased" performance only to find these stocks & stock funds drop by 35% - 55% in a relatively short period.
I will always have an "exit plan" for any of my investments. I learned a long time ago never to change my plans once set. If I decided a certain point is time to bail (and I made this plan before getting in) it's always better to follow that plan then break it while owning (so I won't be subject to Greed, Fear or Indecision).
Does this mean you can't double your money in less than a year with this fund. No... it doesn't. But none of us "know" what's going to happen. Try not to think you've got the edge over any other investor. Investing in funds like this only, would be no better than gambling. As part of an overall "asset allocation", recognizing that things can go differently than you expect & taking that into account.... that's "OK".
The number one job of a stock trader is protecting their assets. The next most important thing is not to make your fortune on any one investment.
Anyway I'm starting to ramble. One last thing. Stay away from banks and insurance companies for investment products (there's a host of reasons). Read as many books as you can before you get to "married" to any one position.
Here's an article on brokers;
http://webreprints.djreprints.com/1662510805516.pdf
I hope this helps. I'm just trying to stop you from making the same mistakes I and others have made. |
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Knox
|
I like long-term investing because it is fairly simple.
Make use of dollar cost averaging and dividend reinvestment and the rest will take care of itself.
ETF's and DRIP Plans are my favorite. |
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bud68
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Potentially high return, but also high risk and volatility. |
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bgrace12
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Hi,
In my opinion, this is about as good as it gets in a precious metals mutual fund. Check out reviews on this fund at www.moneyrec.com. This is a new site and it is designed specifically for questions like yours. And, it has a couple of reviews on this fund. It is free to users and is a serious investment site. You need to get ideas as to how to allocate.
Best of luck!
Grace |
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Beau.Gus
 |
If you compare the return of USAGX with that of the S&P500 (which is, for all intents and purposes a "zero-risk" investment), its performance lags by a good 20%....so you would have made more money over the last 25 years by taking NO risk than by taking the risk of a "specialized" precious metals fund.
At age 30, you should be putting money into aggressive growth funds, you have 30+ years to ride out any market volatility, and long-term, growth stocks will always outperform speciality metals funds. You can also find dozens of growth funds with 10-15% annual returns and 0% expense ratios, so why buy a fund charging you 1.2% or 1.5%?
http://finance.yahoo.com/q/ta?t=my&s=USAGX&l=on&z=m&q=l&c=&c=%5EGSPC
Precious metals are a hobby (or a hedge), far more suited to old men with large, diverse portfolios and nervous natures! |
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Jordan G
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OK, You seem to know the gist of this but this does not diversify you enough that I would be satisfied with but also you know that metals demand are always going to grow.
If you want the BEST mutual fund its CGMFX managed by Mr.Heebner. He returned I belive over 70% last year and produced over 40% the bad market in 2000.
He diversifies you everywhere.
ok now to expalin to you the terms.
The percentage that you are looking at showing you the funds return over 1 year 5 year or 10 year period.
Lipper average is the average preformance for all mutual funds.
(THIS USELESS INFORMATION JUST COMPARES STOCKS TO EACHOTHER IS PLAIN BULLSHIT)
Although the company is up almost 9% this year dont expect it to continue to this way.
Hopefully you make a lot of money for retirement GL. |
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Luis G
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Before you invest a dime you should read Why we want you to be Rich by Trump and Robert Kiyosaki.
Never invest in anything you don't know completely. Remember diversification is the refuge of the ignorant. Warren Buffet said that. Ask your self why banks won't loan money on an investment in a Mutual fund? Because they consider them to be risky. They loan money on Real estate and on owned business. Before you invest go get a financial education.
Most people invest in mutual funds and they have financial advisers who tell them to diversify. This is because their advisers know nothing also. Most people are poor or middle class and won't get any farther. If you want to be rich from your investments use you brain.
I invest in what I know. Real Estate and Vintage guitars. I made one small 750 dollar investment turn into 9100. I once bought a guitar for 75 dollars I sold it too soon but today it's worth 75,000 dollars. You can;t get that return without knowing what you are investing in. I'm not saying invest in what I invest in. I am saying find something you know and can learn about and learn everything about it. Then when you invest in it you will do well. Right now Oil ,Gold and Silver are getting the best returns. Gold is safe because the dollar is not based on it it is based ....well on confidence. It's a floating currency. So Gold will always be worth about 30-40% more then a dollar. But don't buy when the price is up. Real Estate is down and interest rates are good for people with credit. If you buy in the right place like Seattle you can make some good money. You need to learn what you are investing in. Real investors do not invest in Mutual funds or for the long term on one product. Warren Buffet puts all his eggs in one basket because he knows the basket. So just read their books first and look for a good investment.
By the way this is a precious metal fund. It may be safe but it won't make you any real amount of money. |
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