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Selling
nick22
06-11-2007, 6:12 PM | Post #2398627
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You should definitely sell to simplify. The bulk of any funds returns are determined by the overall market performance, and not anything particularly unique about the fund itself. I think it was Fama and French who looked at pension fund returns and determined that 97-99% of returns are determined by stock/bond ratio, company size, and company price/book ratio of holdings. So specific funds and fund managers had very little to add.
I think the above would be very simple if it were just Vanguard total int. index, total domestic index, and REIT index. 3 holdings. I do like Dodge and Cox and might be tempted to keep some Dodge and Cox int. fund and stock fund, but that is it. All of these funds have major overlap and own similar baskets of stocks, so you are not losing anything by selling and consolidating.
Nick22
Originally posted in thread: 59295
Topics
fund managers
Gene Fama
pension
price/book ratio
REIT index
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