OAKMX
OAKMARK FUND INVESTOR CLASS
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\> 55% VOO 10% VXF Why on earth people do this instead of just VTI... You haven't told us if this prospective holding is in a tax advantaged retirement account, or an ordinary taxable brokerage. It makes a difference. US stock dividend funds are for retired people in a taxable account, because of their favorable tax treatment, i.e. qualified dividends are taxed as if they were Long Term Capital Gains. That is their only quantifiable advantage. They also might be sought out to counterbalance high flying growth stocks, even in a retirement account, although a solid "value" fund like OAKMX might be a better choice.
If you insist on equities, diversify into a fund that is less correlated to S&P/Nasdaq. I.e. less concentrated, lower multiples, small caps, potentially international. Pick one of the following: VFLO, DSTL, OAKMX, AVUV, AVDV. These will each likely hold up relatively better if the major indexes draw down. Remember, value stocks and many cyclicals had very positive returns during the crash that followed the dot com bubble.
Checkout the holdings in OAKMX. Fund usual rated 5 Star. More value oriented stocks.
OAKMX valve oriented That's all I got for you.
The questions wasn't whether or not the government was onto him in 2008 -- that doesn't change what he was claiming. His firm was claiming returns of ~6% at the end of September and he only called it quits with like two weeks left in December... He took in over $250m in investments December. I think it's a fair to say he was claiming a positive return for til almost the last day of 2008 when none of the other were. Anyway, that's just an example of why his numbers were unrealistic. Millennium, FCNTX, and OAKMX are also only just approaching madoffs numbers after experiencing the mostly bull market of the last decade plus. At the time Madoff stopped trading with his 'returns', the others had average annual return closer to 10-10.5% so Madoff was actually beating them by 40%+
14% since inception. Nygren at OAKMX returns 12.8% Danoff at FCNTX returns 13-14% Both are mutual funds accessible to anyone and have outperformed Millennium the past 3 years.
it was OAKMX, thats the mutual fund