Hey Duke, don't disagree with what you are saying, but how can the manager of D&C explain that index funds are outperforming them in a significant manner over the past 5 years?
Sure, but over the past 5 years index funds have even outperformed this one. That's a pretty good indication that the fund managers have made some pretty bad calls over the past 5 years. And we pay them for this?
Hey green beret, do you realize if your money would have been in an index fund you would have made a lot more than $10k? Run the numbers. I'm not lying. It's pretty pitiful that a fund manager can't even match an index fund in performance over the past 5 years. Sure you made money, but you missed an even bigger opportunity. I wouldn't be too excited about that.
So tell me Mr. Gunn, why is it you can't manage this fund to out-perform an index fund or at least match it? Why do you get paid to do what you do? We could all just put our investment in an index fund and end up better than you are doing, and we wouldn't have to pay as much for it either. You should maybe think of a different line of work. If I was that bad at my job, I know I wouldn't have a job anymore. I hear Walmart is hiring.
So, the Dow and the S&P have basically recovered to their pre 2007 levels, but Dodge and Cox still has some recovering to do. How much did the Dodge and Cox fund managers get for bonus incentives over the past 5 years?
As of today, DODGX has under performed the S&P500 index for 5 and 10 year periods. I certainly would not be happy with that.