Hi Ken, First let me thank you for posting the sells and buy you are making. It help see the market and the process from another's eyes, a very useful benefit.
Second, regarding SPGCX, why are you buying this? I looked at Yahoo's profile and see very high expenses:
Fees & Expenses
Expense SPGCX Category Avg
Annual Report Expense Ratio (net): 2.24% 1.15%
Prospectus Net Expense Ratio: 2.79% N/A
Prospectus Gross Expense Ratio 3.66% N/A
Max 12b1 Fee: 1.00% N/A
Max Front End Sales Load: N/A 5.32%
Max Deferred Sales Load: N/A 1.87%
3 Yr Expense Projection*: 1,040 474
5 Yr Expense Projection*: 1,819 774
10 Yr Expense Projection*: 3,859 1,597
Everything I've been reading (AAII and books) says that mutual funds are no longer the best choice. The "wisdom" seems to be ETFs/ETNs are more efficient overall.
What is your logic for mutual funds and then for SPGCX specifically?
Thanks,
Allen
