Dodge & Cox Stock Message Board
-
This funds performance.....
is tracking at +2.93 percent year to date!
My money market fund at the bank did better then this.
A very unusual low performance this year for this great fund.
I wonder what the problem is....did our fund manager's spend too many hours out on the golf course this year?-
This is a fund for LONG TERM not 1 year or 2. It did not lose funds as others.
-
As a value fund, DODGX has stocked up on a lot of bank and other finincial stocks and that is the reason for the troubles.
As the Banks go this year, so goes this fund. Remember that hugh funds like this are not very nimble. They will never hit the top. You buy them for their reliablity.
I look for the fund to do poorly 2007 and 2008 DODBX should do as well or better.- 1 Reply to marilyn1002000
-
I had a ton of money in this fund much to my regret. I did better in a taxable money market fund. I think this fund has gotten too large, and when it closed it was a sign that it was having trouble finding good places to invest.
-
look at the top ten stocks they picked for the fund. Pretty crummy picks.
Notice no AAPL, RIMM, AMZN, or GOOG, no wonder!
Company Symbol % Assets YTD Return %
HEWLETT PACKARD CO HPQ 4.10 26.14
COMCAST CP A CMCSA 3.22 -25.41
MOTOROLA INC MOT 2.96 -7.84
CHEVRON CORP CVX 2.92 27.16
News Corporation, Ltd. A N/A 2.89 1.44
WAL MART STORES WMT 2.88 -0.67
SONY CP ADR SNE 2.67 15.98
SANOFI-AVENTIS SA SNY 2.60 -2.32
WACHOVIA CP WB 2.53 -17.00
PFIZER INC PFE 2.50 -1.77- 1 Reply to sonnyboy95476
-
You can't apply the YTD return % to most of their top 10 holdings. They just did a rotation into many of them and have not held them very long. They got into HPQ a couple years ago at the right time. I think they just made a move on PFE, beaten down and pays a 5.5% div.
Note that DODGX will be paying a $12 distribution in Dec because they sold off some of their holdings. Sucks cuz my shares are in a taxable account.
-
This thing is killing my 401.....
-
You morons! This is a GREAT fund when "value stocks" are popular. They AREN'T NOW! "Growth Is IN now" and these cycles usually run for YEARS.
Leave your manager alone...he's doing what he was hired to do.
They will do fine over the next 5-10 years if they stick to their disciplines.
This comes from a "growth manager" with 45 years experience, so I have some perspectives you lack.- 2 Replies to bcwood_32963
-
"They will do fine over the next 5-10 years if they stick to their disciplines."
The problem is that they are NOT sticking to their disciplines...they've been shifting assets to growth...
http://www.marketwatch.com/news/story/buttoned-down-dodge-cox-tries/story.aspx?guid=%7BBC7A1FFC%2DE6C1%2D4DEF%2DB7BD%2D9DB0D4D1BED3%7D&siteid=yhoof -
Who is the moron. If you are correct and we are in for "years" when this funds investing approach is out of favor why would you recommend someone stay in?
Dodgx has gotten too big ( almost 70 billion ) and its holdings show it. Comcast ( among others ) you've got to be kidding.
I'm a long term investor and have been in Dodgx for over ten years but their investment selection has changed dramatically over the past year. I'm still in but have reduced my position significantly.
-
I bought this fund in the 90's it has done well but market cap is 74 billion now. Dollar may collapse soon glad im in gold and foreign funds.
-