My Mutual Fund Holdings
"No person will make a great business who wants to do it all himself or get all the credit."
It's taken me a very long time to get comfortable with putting a lot of money into mutual funds, but eventually I learned that funds can be very cost effective. And if you search long enough, you can also find funds that share your investment philosophy. While the majority of my money is still in individual stocks, I've been gradually increasing my mutual fund holdings over the past few years. I'll probably have over $200K invested in funds by the end of the year.
Here are my current holdings:
| DODGX | DODGE & COX STOCK FUND | $66K |
| GATEX | GATEWAY FUND | $2K |
| MERFX | THE MERGER FUND | $2K |
| NOIEX | NORTHERN FUNDS INCOME EQUITY FUND | $3K |
| PEMDX | PIMCO EMERGING MARKETS BOND CLASS D | $2K |
| TASCX | THIRD AVENUE SMALL-CAP VALUE FUND | $2K |
| TAVFX | THIRD AVENUE VALUE FUND | $12K |
| UMBIX | EXCELSIOR VALUE AND RESTRUCTURING | $5K |
| UMBWX | UMB SCOUT INTERNATIONAL FUND | $9K |
| VEIEX | VANGUARD EMERGING MARKETS STOCK INDEX | $20K |
| VEURX | VANGUARD EUROPEAN STOCK INDEX FUND | $19K |
| VINIX | VANGUARD INSTITUTIONAL INDEX | $16K |
| VLAAX | VALUE LINE ASSET ALLOCATION FUND | $7K |
| VLEOX | VALUE LINE EMERGING OPPORTUNITIES | $7K |
| VSCIX | VANGUARD SMALL CAP INSTITUTIONAL INDEX | $10K |
You can probably infer a few things from the funds and the weightings:
- I think Dodge & Cox is a great fund for me!
- Vanguard is a good choice for me, especially considering I can get into the institutional class funds through my 401(k) at work. The total expense ratio on the Vanguard Institutional Index is an amazing 0.05%!
- I think Marty Whitman (TAVFX) is an investment sage.
- I'm not afraid of holding international stock indexes. And as you may know, Dodge & Cox is also fond of holding international stocks.
- I like to sprinkle a little money into non-traditional asset classes, like convertibles and merger arbitrage. Small amounts!
If you'd like to read more about any of these funds, I've linked each ticker symbol in the table to its corresponding mutual fund summary page at Yahoo Finance.
(Disclaimer: The above is merely a personal commentary on my own holdings. It is not a solicitation to buy or sell anything. It is not advice to buy or sell anything. Investments that are suitable for one person are often not suitable for another person. Perform your own due diligence and/or consult with a financial professional before making any financial decisions.)
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