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American Funds Growth Fund of Amer A Message Board

  • jorebstock2002 jorebstock2002 Sep 24, 2010 8:43 PM Flag

    what is AGTHX and James Drasdo doing with 10.8% cash holding ??

    AGTHX has a 10.8% share in cash.....this is pathetic and embarrassing. I do not pay James Drasdo exorbitant mutual fund management fees to sit on cash....I can do that on my own.

    I do not diversify with mutual funds to have holdings in cash....I can do and often do that on my own.

    James Drado nneds to get those billion$$ in funds invested in equity stocks that have the potential to earn more than a woeful 1% return....If James Drasdo is too afraid to invest in the stock market he should pursue another career or he should be managing another mutual fund.

 
AGTHX
45.81+0.28(+0.61%)Apr 24 6:25 PMEDT