VPMAX
VANGUARD PRIMECAP FUND ADMIRAL SHARES
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For Roth IRA’s at Vanguard, I use VMPCX/VPMAX; VPPCX; and VTWAX. I also like Vanguard’s target date funds as long as you keep switching to the newest fund \[currently 2070 fund\] and I like their life strategy growth fund \[though 20% bonds is now for all\]. I prefer Fidelity’s index funds. The Fidelity expense ratios are lower.
VPMCX/VPMAX and VPPCX. Let them run.
My VPMAX is still up today. FTSE down a bit.
VPMAX Admiral shares, sorry closed now.
19% up this year in early leanFIRE, while holding about 20% in bond and money market funds (so a little stock heavy for a semi-retired person), and that's after withdrawals of about 2% for living expenses. Mostly in VPMAX, VGHAX and VGT/FTEC with a smattering of FSELX, COST, REGN and AAPL. I've been investing since 1996, averaging 10-11% over the past three decades, and averaging 10.2% over the past 10 years as my portfolio gradually shifted to be more conservative.
19% up this year in early leanFIRE, while holding about 20% in bond and money market funds (so a little stock heavy for a semi-retired person), including withdrawals of $23,500 for living expenses. Mostly in VPMAX, VGHAX and VGT/FTEC with a smattering of FSELX, COST, REGN and AAPL. I've been investing since 1996, averaging 10-11% over the past three decades, and averaging 10.2% over the past 10 years as my portfolio gradually shifted to be more conservative.
401K portfolio suggestions? New to investing, I have a 401K through my employer. This is the investment lineup currently offered: - BAGIX – Baird Aggregate Bond Fund - Vanguard Institutional 500 Index Trust - Vanguard Institutional Extended Market Index Trust - Vanguard Total Bond Market Index Trust - Vanguard Institutional Total International Stock Market Index Trust - DOXGX – Dodge & Cox Stock Fund - JSNWX – Janus Henderson Small Cap Value Fund - QISCX – Federated Hermes International Small-Mid Company Fund - RERGX – American Funds EuroPacific Growth Fund - Schwab SDB Sweep Program - VIPIX – Vanguard Inflation-Protected Securities Fund - VMFXX – Vanguard Federal Money Market Fund - VPMAX – Vanguard PRIMECAP Fund What portfolio combinations would you recommend? I’m 30 years old BTW.
Right now I'm 100% stocks. I'm moving to 50% stocks 25 VOO and 25 VPMAX (I'm centralized with vanguard) the other 50% I'm moving to a vanguard money market totally liquid earning 4.5%. I'm locking in profits and waiting to see what happens. Tariffs = inflation so I've got some TIPS on speed dial if necessary
Not all risk is compensated with better returns. You can put all your money into gold. That’s very risky, since gold is volatile, but it underperforms the stock market in the long run for very obvious reasons. International is a diversifier, and most analysts think there’s room for a little more growth there than in the U.S. due to lower valuations. Those lower valuations are themselves *an indicator of higher risk*. International is more risky, not less risky. The fact that it has underperformed for the last 15 years is an example of the risk not panning out. The simple fact is that you don’t know what segment of the equities market will outperform next. Frankly, neither do mutual fund managers. Nothing about VPMAX suggests that it’s structurally riskier in a way that will demand higher returns.
no, there’s no ex US outside of my 401k (but 2.5% of my non TDF 401k is in FPADX). We didn’t have a straight institutional index when I started so that’s how I ended up with both and I just never liquidated the VPMAX. I get its odd to do that and partially do the TDF but my return has just been significantly better in VINIX than TDF (15 vs 10% and even 12% for VPMAX) so not really interested in changing that or shifting more into it.
My own two-fund strategy: alternate VPMAX and VGHAX and hold the course. Somewhat risky, but it's paid off.
Should've just went with 100% VTSAX or 80/20 VTSAX/VTIAX. I'm 60% VTSAX, 20% VPMAX, and 20% VTIAX in my IRA.
Thanks for the info, I’m leaning towards 70% VFFSX/ 30% VPMAX.
VFFSX is an SP500 index fund. It will give you exposure to a lot of tech companies. VPMAX is an actively managed large cap fund BUT it operates very cheaply and has demonstrated its value. If I were in your shoes I would use a large portion of the SP500 surrounded by smaller portions of VPMAX, an international fund and a small cap fund.
VPMAX is a great fund and I have 20% allocated to it. Why one or the other? Split them 80/20, 70/30, etc.
This was the detailed approach I was looking for thanks. 1 year avg is still off from vanguard's site. No one has the same data! [https://stockanalysis.com/quote/mutf/VPMAX/dividend/](https://stockanalysis.com/quote/mutf/VPMAX/dividend/) Showed everything as a div yield which is cool.
If it’s a tax-advantage account, VPMAX/VPMCX is one of those “active never beats index” exceptions. PRIMECAP is one of the most consistent fund managers and the fact Vanguard of all places partnered with them is kind of a testament to their style. Far more systematic and long-term oriented than something like ARKK. Everyone in this thread harping on the 5 year return (vs VOO) while ignoring the [2% CAGR beat over 40 years.](https://investor.vanguard.com/investment-products/mutual-funds/profile/vpmcx#performance-fees) + Every other timeframe other than 5Y. Unfortunately their method involves more frequent rebalancing and that results in cap gains distributed every December.
Look at total return doofus. VPMAX has a tone of distribution.
The five year total return on VOO is about 110%. The five year total return on VPMAX is about 101%. The five year price return is 92% versus 31%. Apparently VPMAX is way heavier on dividends. In any case, VOO works out to be about 10% better, so switching makes sense for 10k.
Create a chart on Yahoo. 5 years -- VOO 91.77%, VPMAX 30.68%
Can you explain a little more -- the link OP posted indicates that VPMAX has a 5 yr avg return of 11.37% and VOO has a 5 yr avg return of 12.47. Where do you see your numbers?
They are not “quite similar”, as an example, VPMAX performance over the past 5 years is around +27% while VOO was 87%. So yes, I would recommend transitioning to a more agressive fund depending on your age and diversify as needed.
Won't fit in a screenshot but I'll list the options: BlackRock Total Return Bond Fund M VIPIX - Vanguard Inflation-Protected Securities Fund Institutional Shares Vanguard Institutional Total Bond Market Index Trust Target Retirement 2020 Trust Plus (managed by vanguard) Target Retirement 2025 Trust Plus (managed by vanguard) Target Retirement 2030 Trust Plus (managed by vanguard) Target Retirement 2035 Trust Plus (managed by vanguard) Target Retirement 2040 Trust Plus (managed by vanguard) Target Retirement 2045 Trust Plus (managed by vanguard) Target Retirement 2050 Trust Plus (managed by vanguard) Target Retirement 2055 Trust Plus (managed by vanguard) Target Retirement 2060 Trust Plus (managed by vanguard) Target Retirement 2065 Trust Plus (managed by vanguard) Target Retirement 2070 Trust Plus (managed by vanguard) Target Retirement Income and Growth Trust Plus (managed by vanguard) Target Retirement Income Trust Plus (managed by vanguard) Vanguard Developed Markets Index Fund Institutional Plus Shares -VDIPX Vanguard Emerging Markets Stock Index Fund Institutional Shares -VEMIX Vanguard Federal Money Market Fund -VMFXX Vanguard Institutional 500 Index Trust Vanguard Institutional Extended Market Index Trust Vanguard Mid-Cap Index Fund Institutional Plus Shares -VMCPX Vanguard PRIMECAP Fund Admiral Shares -VPMAX Vanguard Small-Cap Index Fund Institutional Plus Shares -VSCPX Vanguard Value Index Fund Institutional Shares – VIVIX Company Stock Fund Those are the options. So if that's a law then they're probably compliant with the blackrock bond fund (lame) or by allowing a self-directed brokerage options for $50/yr, which I take.
I have Vanguard PRIMECAP Fund Admiral Shares(VPMAX), actively managed, and Vanguard FTSE Social Index Fund Institutional Shares (VFTNX), 50/50 invested but I want to move all funds to only one of them which one of these two should I choose?
FDGRX is an incredible fund, I had it for years in my 401K but sadly my employer was acquired and we no longer had access to it. Closed to new investors. VPMAX is a great actively managed find as well, but FDGRX is amazing.
Great points. I appreciate all of the help! I was thinking of going 100% VPMAX but was concerned with no diversification.
Two things 1. Past returns are not an indicator of future returns. Yes, of course they help but you need to internalize that each investment you will make in your life is all about timing. Tesla is up over 1000% over the last 5 years, but obviously we all understand that the likelihood of repeating that is almost zero. 2. You also need to look at the expense ratios of these funds. I don’t know the ticker symbol for your target date funds but VPMAX has an expense ratio of 0.3% while FOCKX has an expense ratio of 0.7%. These may sound incredibly small but they make a huge difference in your final sum of money. I’ll link below an article but essentially a difference of 0.4% in expense ratios over a 30 year investment horizon will reduce your returns by almost 15%. So in your case I’d say that if you’re wanting to try to juice your returns a bit then I’d go with the VPMAX but just remember that increasing returns almost always come with increasing risk. https://time.com/personal-finance/article/what-are-expense-ratios/#
My only concern with them was that their rate of return averages out around 7 percent whereas VPMAX lifetime avg is a little over 10 percent and FOCKX is around 14 percent
So rather than some like like VPMAX I'm better off with something like FOCKX? My deferred compensation plan has a limited number of selections that go based off large, medium and small cap, bonds, intl and retirement funds.
So overall do you guys think I should just go 100% on VPMAX? The only retirement fund they have is T. Rowe Price Trust Class G. They also have Fidelity OTC K.
VPMAX and VGHAX with a liberal helping of VGT/FTEC.
started off with zero, and began maxing my 401k about 15 years ago. About 10 years ago I started maxing my Roth as well. Roth is QQQ and VTI. 401K is VIIIX, VPMAX and VWENX. Decent low cost investments and good market conditions grew me just over 1M during that time frame
Jack was heavily invested in active vanguard mutual funds. he never disliked them, just the costs. which is why when he started vanguard it was the ownership structure that changed everything as much as the index fund did. VWUSX VEIPX and VWNDX were/are dirt cheap compared to their competitor counterparts. they were never more than .50. meanwhile the other funds in all the lists were 1+. creates a much greater opportunity to outperform when you are already cheaper by a percent or half. VPMAX is closed to new investors. its difficult to even consider or discuss because its just not a choice anyone but current investors can make.
Watch out for actively managed mutual funds - even ones with low fees. I got burned by Vanguard this year as they made trades within some actively managed funds (specifically: VWUAX, VPMAX, and VHCAX) - I didn't sell - but had realized gains (within the funds) that BURNED me at tax times.
If you add up my 401k and my taxable account, my largest position is Primecap admiral shares (VPMAX) in my 401K at 26% of my portfolio. Second is cash at 21%, third largest is Solana (5%), fourth is UUUU (4%). Otherwise pretty diversified so nothing else is really above 5%. If you look at sector, first is tech, second is crypto, third is industrials, fourth is energy. Then remaining (all about equal) is financial, healthcare, communication. My 401k funds aren't included in my sector calculation though.
>It is well established that passive funds outperform active That's not really the conclusion of that study. Passive beats out *most* active funds, after fees. For that to be an accurate statement, there has to be a pool of active funds that consistently beat passive funds, after fees. Considering the vast majority of active funds are junk, it should not be surprising that most of them do worse. Just look at PRIMECAP, which manages 4 funds: 1: [Beat](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFIAX&allocation1_1=100&symbol2=POSKX&allocation2_2=100) 2: [Beat](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFIAX&allocation1_1=100&symbol2=POGRX&allocation2_2=100) 3: [Beat](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFIAX&allocation1_1=100&symbol2=POAGX&allocation2_2=100) 4: [Beat](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFIAX&allocation1_1=100&symbol2=VPMAX&allocation2_2=100) and a Vanguard exclusive.