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Would you buy this fund USCGX???

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  • Would you buy this fund USCGX???

    What do you think about this fund??? Just doing my research.

  • #2
    I owned quite a bit of it in my IRA for a long time. I sold it off to buy stocks but it's Hard to go wrong with USAA and USCGX is I believe still a five star fund. I believe the money manager is newer and I believe took over within the last year or so, so keep an eye on it, but I would still recommend it.

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    • #3
      Originally posted by Taribor View Post
      I owned quite a bit of it in my IRA for a long time. I sold it off to buy stocks but it's Hard to go wrong with USAA and USCGX is I believe still a five star fund. I believe the money manager is newer and I believe took over within the last year or so, so keep an eye on it, but I would still recommend it.
      Going off ratings by S&P, Moodys, or any other is a bad ideal. See how well they screwed up the ratings on mortgage back securities.

      Also, it has 20.16% in financial stocks which are still not good investments right now as they are still raising capital which results in dilution for all other shareholders. I am also of the belief that ETFs are investors best bet unless there are no ETFs for the segment of the market you want to invest in.

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      • #4
        It has a new fund manager. You may want to research his past performance.

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        • #5
          I've held USCGX for a little over a year now, and have been quite happy with it. Short of one or two other funds I'm in, it's been the only one to have stayed in the black of late.

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          • #6
            I don't know beans about that particular fund, but here's some general rules...

            1) Avoid paying commission fees. Buy only no-load funds.

            2)Beware of 12b-1 fees. To find out what they are? Read through the prospectus. Yes, that boring document!!

            c)Make sure the management fees don't exceed 1%.

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            • #7
              Originally posted by LuxLiving View Post
              I don't know beans about that particular fund, but here's some general rules...

              1) Avoid paying commission fees. Buy only no-load funds.

              2)Beware of 12b-1 fees. To find out what they are? Read through the prospectus. Yes, that boring document!!

              c)Make sure the management fees don't exceed 1%.
              Just a corollary to c), I feel management fees of up to 1.5% are ok for international funds as there is more research that needs to be done for global stocks. Just my opinion.

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