JDMAX
JANUS ENTERPRISE FUND CLASS A
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Gotcha. Nice to be speaking with someone with experience. That carries a lot of weight. I’ll do my best to keep it simple. I like the idea of setting it up and forgetting about it. I’m definitely not dumb enough to think I would be able to beat the overall market, so my plan is to just keep adding and let compound interest and consistency do the heavy lifting. Step 1 will be adjusting my 401k account slightly. It’s set up through Empower and It’s composed of equal parts FCIGX, FXAIX, and JDMAX at present. Others below recommended getting out of JDMAX immediately and adjusting the percentages. Thanks once again!
They have returned more than 1%. That 1% isn’t including distributions. If you include distributions JDMAX is up 61.7%, and FCIGX is up 51.1%. That’s still less than FXAIX, but pretty much anything other than a large cap US fund is going to be less than FXAIX when you look at the last 5 years.
I would get out of JDMAX personally as it is a high expense fee fund (1.1%), which is like 7-10x more expensive than FXIAX, and for the last 5 years returned a whopping 1.3% while FXIAX is up nearly 89% in the same period. In general you want to get low cost (e.g. Expense Ratio) funds as that those fees drag down your performance over time -- over 10-20 years you are taking about 5 figure sums of money or more. I think there are many good funds out there with under .5% , if not below .25% in fees. Espcially for any basic things like SP500 fund, a growth, or small cap fund, etc. As you want to set and forget this, I would consider reading up on something like the [Bogleheads lazy 3 fund portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio) to get you started, and adjust the percentages accordingly. Its a great baseline investment strategy that will work for you over time. My only caveat that I suggest to newer investors with a longer investment time horizon is to maybe do less bonds (maybe 10%), and slightly lower international allocation (15%). However that is up to personal preference! Best of luck and good job getting started!
JDMAX and FCIGX both have fees of 1% which is totally unacceptable, run away from those funds. Ideally you would hold 60%-80% FXAIX and 20%-40% of a low fee international index (maybe they have FTIHX). If there's no good international fund in the 401k plan holding 100% FXAIX is also good, and maybe get some international equities in a Roth IRA. If they have a low fee target retirement date fund (like Fidelity Freedom maybe) that would also be good, it can be 100% of your portfolio.
Thank you for the correction. Still lots to learn, obviously. My 401k holding account is currently comprised of equal parts FCIGX, FXAIX, and JDMAX. Does this sound reasonable?