Anyone know anything about CGMFX?

**kv968** · 06-18-2008, 03:27 PM

It's a very good fund run by a great manager in Kenneth Heebner. Hell it's up around 15% YTD and that's saying a lot in this market. However there are a few things you should know about the fund also...

One is that the annual turnover percentage is nearly 300% which is skyhigh and may really hurt tax-wise if held in a taxable account. Another thing to consider is that the top 10 holdings of this fund constitutes over 50% of its assets and only holds about 25 securities in total. With that it can tend to very volatile. I'm not knocking this fund at all and as a matter of fact I was thinking of throwing some money into it in my IRA also. I just wouldn't make it a core fund of your portfolio if that's what you were thinking.

**jIM_Ohio** · 06-19-2008, 12:28 PM

I will own it shortly... it has been on my watchlist for years and this market made my decision easy.

**lucasrd** · 06-20-2008, 11:06 AM

I bought it off of Jim Cramer's recommendation in his book.

Bought in January and i'm up 23%.

**JBinKC** · 06-21-2008, 02:18 AM

I like the fund and I am not a fan of mutual funds. Ken Heebner is top dog in the USA.

**braxton** · 06-22-2008, 05:11 PM

Up 30% over 2 years.

**braxton** · 06-22-2008, 05:11 PM

I throw money at it at random times throughout the year... I'd probably be better off waiting until its down.

**noppenbd** · 06-23-2008, 04:46 AM

I would call this an extraordinarily risky fund. The narrowness of its focus makes it appropriate for no more than 5-10% of a portfolio in my opinion. Although Heebner seems to have a stellar record, most fund managers do not continue to outperform benchmarks over long periods of time. I would wait for this one to fall from the sky before buying in.

Anyone know anything about CGMFX?