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Former Vanguard Health Care (VGHAX) manager Ed Owens died on Nov. 27, 2022. VGHAX had an annualized 16.4% return during his long tenure compared to a 10.7% return for the S&P 500 index. Link1 Link2
If I recall, back in the day there was a $25K minimum entry for the fund. Glad I took that leap of faith, even though that was a significant portion of the portfolio at the time.
DECEMBER 4, 2000 Effective immediately, Vanguard Health Care Fund has raised its minimum initial investment amount to $25,000 for all new accounts, including IRAs and custodial accounts for minors.
@PRESSmUP - I remember the $25k minimum - It was just as I wanted to invest the previous minimum ($3,000?) and was told it had just gone up. Didn’t have the 25k at the time, so bought the S&P 500 fund instead.
Comments
My best investment ever. If I had just DCA most spare money on this fund, not too late?
Gus Sauter on Bloomberg TV:
Before that (starting Dec 20, 1999 when the fund reopened), the min was $10,000, and before that, $3,000
https://www.sec.gov/Archives/edgar/data/734383/000093247199000519/0000932471-99-000519.txt
https://www.sec.gov/Archives/edgar/data/734383/0000893220-98-000900.txt