Lets see im still not even with the run up this year but with div's i will look pretty decent soon (wow and the market might turn)AGTHX posted decent gains this year but AEPGX has been on fire for a mutual fund...If you bought VALE back in March when I first posted you would have tripled now almost the same with PBR (Double].Lets hope these guys dont keep all our profits this year(2010)like they did last year 300mm +.
Funny how most investors can beat a fund or portfolio after the fact. Have had a mix of American Funds for years also some stocks and individual bonds. As the dust clears (I hope)on this mess my funds have held their own as well or better than anything else. Sorry but you can't turn the clock back and invest retroactivly.
Still here always kept AMECX,AGTHX and AEPGX(which is kicking but since March....I loaded up from March on will slow down now as mutual funds are mainly for the fund mgrs to get rich!!That is no lie but I have been in these so long I keep it just to see how far it will go.Now if I want divis and growth cant go wrong with BP (8% yield )and its oil and for growth for the next 10yrs Brazil baby!!Try BPR and VALE etc.anyway I hope you guys recovered some.
I am so sorry but can relate, I own 663 shares and it has just dwindled to nothing now....i had more but had to sell them off, to make some deals end! To see MY hundred thousand be spent by someone other thsn me was sad!!!...It just went away,,,Just were does the money go? when it leaves our accts ??? It has to go somewhere??? For now I'll just hold on to what in have and hope it all gets better......I believe to be able to bitch slap someone once a year should be legal.ust once a year...
My broker says this is a good fund. It pays 4.63% and pays every 3 months by buying more shares, the price is low and it is coming up. Stick with it. I know it was rough for me, too, but have stayed the course and I think it will be OK in time. Is there really anything out there that is super right now? I know there is some 7.5% out there but you have to tie your money up for 20 years in a corporate bond - I'll be dead by then.
You folks need to diversify out of American Funds. Check out energy Master Limited Partnerships (such as EDP and KMP) for a much better yield and tax treatment. Should be an eye-opener for you. Also do a bond ladder out of muni-funds. Healthcare REITs are another amazing dividend payer (such as HCN and HCP) with tax benefits. Do some research and make some money. AMECX with 5.75% up front fee and an expense ratio of .63% is not your best choice to create cash flow in retirement. I only have it as a custodian for several 529 college accounts and even that is not a good choice given every state has less costly funds for investment. Good luck to all of us. YosemiteGuy
Curious here. I was forcd into an earlier retirement ( downsized business ) about three years ago. I was into process of converting stks into various Amer Funds. I needed a "generous" Cap Gain Distribution in DEC to make my year. It didn't happen.
What have you done w/ your Amer Funds in the past year to maintain yr retirement ? Thanks in advance.