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M*: This Big Balanced Fund Is Getting Better: (ABALX)
Funny you should post this, Im looking at its BALFX (another class of same fund) which is available ntf and load waived at Fidelity. I recently added MAPOX to my mix, and thinking I made a mistake. I thought all American Funds were load funds, so did not do enough deep research on balanced funds as I thought. It seems M* had a good thread on it in balanced/allocation funds, and was very surprised at the results I found. Despite the fact that I already paid 2 $49.95 fees to buy it (one in ira, one in roth) Im going to swallow my pride and reverse my decision.
Folks, ABALX is one of Old_Skeet's holdings. I like the fact that it can throttle its equity allocation based upon how it's managers are viewing the markets. I hold this fund in the growth & income area of my portfolio in my domestic hybrid sleeve. There are many share classes of this fund available for purchase so just because Morningstar does the write-up on the A share class know it can be bought through other share classes as well.
@VintageFreak: Looks like a nice choice. I do already have a number of global and intl funds, needed more in the domestic vanilla brand, but thanks for mentioning it.
@catch22- Well, I have to admit that the wine supply at the "River" house is now a couple of bottles fewer than it was last Friday. But whatever happened here is really weird... every time I open this thread a pre-typed identical "Have held this fund" entry appears, all ready to go: just push the "Post Comment" button.
Whatever happened evidently happened back at MFO, because the original post was made on a computer up at the River house, and now this thread is acting exactly the same way on a completely different computer here in SF. Very strange. I think I need a glass of wine...
Additional note: Interestingly, typing and posting this comment seems to have somehow cleared the problem.
Comments
Derf
How is the wine supply at the "River"????? Or perhaps "was" is the better question.
Whatever happened evidently happened back at MFO, because the original post was made on a computer up at the River house, and now this thread is acting exactly the same way on a completely different computer here in SF. Very strange. I think I need a glass of wine...
Additional note: Interestingly, typing and posting this comment seems to have somehow cleared the problem.