[quote=gzz]80%+ of active funds under-perform the S&P. If you’re good enough to pick and buy the best 20% of funds in advance, you might be even better at picking stocks.

That JPM fund was ranked 11 out of 600+ funds in its category.

Also, “Front load 5.25%”

Wow![/quote]

I’m not claiming I’m super skilled at mutual fund picking. There are only so many funds offered in my 401K, I look at their history over the long term and select my investments based on that. Pretty simplistic.

I don’t have the time nor desire to put a lot of energy into studying individual stocks.

Front loads usually range from 3.75 to 5.75, so yeah 5.25 is on the high end of that. Need to leave $$ in there long term to make it worth it, not doing buy/sells all of the time.

Finally, I just found out that Warren Buffett has positioned Berkshire Hathaway at 37% cash, 63% stock so I came to about the same conclusion as Buffett independently!