If you are an investor who likes a simple and transparent buy and hold strategy, you will like the “Voya Corporate Leaders Trust Fund”.
CNBC points out that this incredible Fund hasn’t made an original stock market bet in 80 years.
Apparently, the Voya Fund was set up in the year 1935. The funds were invested equally in 30 major U.S. corporations like DuPont, General Electric, Procter & Gamble and Union Pacific. While some original holdings continue unchanged, some were amalgamated/ demerged etc into other companies. A few companies such as Pennsylvania Railroad Co. and American Can have disappeared. Twenty-one stocks remain in the fund.
The Buy and hold strategy has worked very well. The Voya Fund has outperformed 98 percent of its peers, over the past five and ten years.
The out-performance has attracted record inflows: Since 2011, the fund has taken in about $708 million from investors.
Investors are also drawn to the Voya Fund by the fact that its operating expenses are even lower than that of an Index Fund.
To be honest, anyone who says “our holding time is forever” is either a jackass or else he sits on the board of the company. Warren buys seat on board.
Well the original fund manager deserves credit for his impeccable selection, eighty years is really long..but I agree that if somebody invested in the fund 80 years ago he would not remain alive to see the benefits…which is why performance over shorter duration is also very important
Also, “buying forever” is just a parameter for selection of the business i.e. “Business for ever”. This gives you at least a considerable longer period to remain invested, relaxed and getting benefits. He does not believe or plays short term volatility at all. It does not mean that Warren never sells a share of that co OR he never see the performance of the co.
sometime doing nothing is the best investment
like our late Rao ji
inaction can sometimes be the most deadly /lethal /strong weapon
rather than talking loud and getting hurt
silence is golden so too meaningful
when the national was on fire he ( muni) did not talk for one week
so the fund must have done v well
jacob mathew
http://www.businessinsider.in/A-fund-that-hasnt-bought-any-new-stocks-in-80-years-is-beating-98-of-its-competitors/articleshow/46442405.cms