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Has anyone investigated the Matthew 25 fund MXXVX ?
Fund is not diversified (can be up to 25% in one company). Per M* the management "team" consists of 1 person. Their website http://www.matthew25fund.com/m25faq.html is not very informativ e (although they do give the reference to Matthew 25 text at http://www.matthew25fund.com/M25gospel2.pdf) The fund had a tough time in 2007 (-19%) and 2008 (-40%) but still has good numbers over longer periods.
Hi again NumbersGal. Eye watering numbers...tears of joy long term and across full cycles, tears of pain during drawdowns...more severe than the annualized numbers show. But I suspect not many funds have beaten the SP500 3% annualized for the past 20 years. FWIW.
>> not many funds have beaten the SP500 3% annualized for the past 20 years.
Correct, not many, though you mean 19y, right?
FLPSX is one. There may be some Vanguard likewise.
One thing that is interesting is that it began its 08-09 dive a full year prior, oddly. It is since the bottom (spring 09) that it has raced past everyone. Even FLVCX, amazingly. But that is only 5.5y.
Yes, but not as a core holding. For large positions I am more comfortable with Sequoia SEQUX or Yachtman YAFFX/YACKX. Am viewing MXXVX more as salt than as beef.
Am also trying to add to my small and micro-cap. Am particularly fond of WEMMX and BCSIX. May buy IWC (micro-cap ETF) instead.
Am also trying to add to my small and micro-cap. Am particularly fond of WEMMX and BCSIX. May buy IWC (micro-cap ETF) instead.
For what its worth, micro caps are one area it possibly pays to go active. Because of liquidity, issues most passive funds trail their benchmark, iirc. Essentially indices have problems rebalancing in thinly traded markets because the required trades move the markets so much. You end up losing the benefit of the liquidity premium, which is what you want from micro caps to begin with.
Comments
Hope all is well.
c
Regards,
Ted
http://money.usnews.com/funds/mutual-funds/large-growth/matthew-25-fund/mxxvx
A Picture Is Worth A Thousands Words: http://news.investors.com/photopopup.aspx?path=WEBlv122414.png&docId=731965&xmpSource=&width=1000&height=1152&caption=&id=731966
Correct, not many, though you mean 19y, right?
FLPSX is one. There may be some Vanguard likewise.
One thing that is interesting is that it began its 08-09 dive a full year prior, oddly. It is since the bottom (spring 09) that it has raced past everyone. Even FLVCX, amazingly. But that is only 5.5y.
Regards,
Ted
Am also trying to add to my small and micro-cap. Am particularly fond of WEMMX and BCSIX. May buy IWC (micro-cap ETF) instead.