I like this fund and thier results, but I may not purchase since thier front-end fee of 4.75% is steep.
Considering there are other good fund and ETFs, I'm unclear if this is a good long-term investment.
Maybe it's perception, but I associate front-end fees w/ highly speculative investments and a lazy management group who is less hungry to discover and make investments.
All thoughts & opinions are welcome.
LOL...I wouldn't say they are lazy. What I would say is that they need youth aiding them in their decisions, as well as broadening the scope of the investments. They won't consider even small investments in BB listed stocks from what I can see. AKNS, VTKT, PLKT, CPTC are all good investments had they stepped in early on or at least given them consideration. I'm not suggesting they make large wagers, but buying $50-$100k in smaller, solid companies like those might pay off huge for investors. They are opposed to investing in Chinese companies as well, as they see conflicting interest in wages they receive and treatment of the employees. But I'm fairly certain, a few of the companies they should invest in ie JASO, STP, SOLF, pay their employees pretty well.
All in all, I think the 4.75% may be a bit steep, but I also think its a great fund, that is managed pretty darn well. They seem to do a good job at making solid investments into established companies...just wish they would take a few small wagers into up and coming companies and buy into some China stocks if indeed they are good to their employees.
Please pass this on. If you open an account with Chas. Schwab you may purchase NALFX without the 4.75% fee. I have found numerous "loaded funds" that can be bought no-load @ Schwab for only a small fee. Usually around $35.
fair points. You seem knowledgable on the green space
What funds/stocks/etf's are:
- making smaller bets?
- investing in China?
- investing in India?
Seems like Winslow Green Growth (WGGFX) is a good one. Any opinion? (http://finance.yahoo.com/q?s=wggfx
This load keeps the fund expenses lower since people to trade it in their brokerage accounts. Don't buy this fund unless you plan on keeping it for a long time. I bought recently but I have already seen the nav increase to the point where I have unrealized gains from this fund. It might not last for much longer with a possible market pullback.
This is very steep, but given their performance and the fact that the economy is ripe for alternative energy, I'm going in. The front load is a good tool to prevent Day-traders from making profits on dividend day (at the expense of the holders), but I think they can achieve this with a 3% rate which is more typical for this type of fund.