Posts by jsangl
The Mutual Fund Series: Janus Funds
This is a continuation of The Mutual Fund Series here on JosephSangl.com.
During each part of this weekly series, we will be looking at a specific mutual fund company.
Today’s company is Janus.
Janus Capital Management is a subsidiary of Janus Capital Group, Inc. that is based in Denver, Colorado and it was founded in 1969 by Thomas Bailey. Janus Capital Group, Inc. is comprised of Janus Capital Management LLC, INTECH Investment Management LLC, and Perkin Investment Management LLC. All three of these subsidiaries currently manage $165.5 billion. Janus Capital Management handles balanced, alternative, fixed-income, and money market funds.
What I Like About Janus Funds
- Intensive Research – Janus is a devoted to thorough research of each stock they invest in. Millions of dollars are spent each year for research purposes.
- Employee Investments – Janus requires every mutual fund employee to invest in the funds they represent in order to ensure that the interest of the employees is always in alignment with the interest of the clients.
- Award-Winning Funds – Janus has been recently honored by Lipper with awards for delivering consistently strong risk-adjusted relative performance and the company has won multiple awards for individual funds. Around 95% of Janus’ funds are no-load.
- Rejecting Buyouts – Janus Capital Group rejected buyout offers from MassMutual and FranklinTempleton, which is extremely important for their hometown Denver, CO. Even though Janus is a smaller fund company compared T. Rowe Price, FranklinTempleton, and Oppenheimer, the company has seen growing fund performance rates in the past few months, giving Janus hope of staying independent.
Something To Consider
- Reputation – Unfortunately, Janus was involved in the mutual fund scandal in 2003 by allowing favored clients to participate in illegal market timing trading. Janus eventually agreed to a $226 million settlement with federal and state regulators in 2004. Even though Janus seems to be showing great fund performance now, investors should always be cautious.
Janus Mutual Funds I Own
I do not currently own any Janus mutual funds.
Janus Mutual Fund To Look At
Janus Advisor Large Cap Growth [Ticker: JDGAX]- The objective of this fund is long-term growth of capital by investing in common stocks with growth potential. This fund’s inception date was February 5, 1970. It has an annual expense ratio of 1.04%, an average annual return of 12.06%, and a minimum investment of $2,500. Morningstar gave this fund a 3-star rating.
Read about other mutual fund companies
NOTE: Clemson student Anna Briscoe, a senior majoring in Economics with a minor in Financial Management has been so gracious to research and write the majority of this post.
The Mutual Fund Series: T. Rowe Price
This is a continuation of The Mutual Fund Series here on JosephSangl.com.
During each part of this weekly series, we will be looking at a specific mutual fund company.
Today’s company is T. Rowe Price.
T. Rowe Price is an independent, global investment company founded in 1937 by Thomas Rowe Price, Jr. The company is based in Baltimore, Maryland, with offices in 12 countries around the world. T. Rowe Price currently manages $419 Billion in assets.
What I Like About T. Rowe Price
- Award-Winning Company – T. Rowe Price is recognized by Morningstar as the number one mutual fund company based on fund return, stewardship, manager tenure, manager investment, and retention. The company has also been esteemed as having consistently strong risk-adjusted performance and was named Best Overall Large Company by Lipper.
- Community Involvement – T. Rowe Price is greatly involved in their surrounding communities by volunteering, giving, leading, and educating. The T. Rowe Price Associates Foundation was founded in 1981 and it was established to provide assistance for nonprofit organizations, educate families, and provide scholarships.
- Retirement Plan Management – T. Rowe Price has an excellent website that provides the client with account access, do-it-yourself planning tools, and target-date portfolios that allows you to invest and manage based on time. The company offers four retirement choices: T. Rowe Price Mutual Funds, One-Step Portfolios, Open Architecture (combined T. Rowe Price funds with outside funds), and Tradelink (self-directed). T. Rowe Price gives their clients many options for investing with exceptional website tools.
- 100% No-Load! – T. Rowe Price provides investors with over 90 mutual funds with no front-end or back-end loads, as well as low fee rates.
- Minimum Investment Options – T. Rowe Price Mutual Funds have a minimum investment of $1,000 or $2,500 depending on the fund. HOWEVER, they do offer a Systematic Purchase Minimum that allows you to invest $50 each month. This is a great option for those that don’t have $1,000 or $2,500 to put down on an investment!
What I Would Like To See Improved At T. Rowe Price
- Commissions Fees – T. Rowe Price charges higher stock brokerage commissions fees than other brokers. The cost is $20 for 1,000 total shares and 2 cents more for every share above 1,000. An investor could also be charged $118 if assistance is needed to make a stock trade.
T. Rowe Price Mutual Funds I Own
I do not currently own any T. Rowe. Price mutual funds.
T. Rowe Price Mutual Fund To Look At
T. Rowe Price New Horizons Fund [Ticker: PRNHX] – This fund’s objective is to provide long-term growth of capital by investing in small, rapidly growing companies. The inception date of this fund was June 3, 1960. It has an expense ratio of 0.85%, an average annual return since inception of 10.69%, and requires a minimum investment of $2,500. Morningstar has given this fund a 4-star rating.
Read about other mutual fund companies
NOTE: Clemson student Anna Briscoe, a senior majoring in Economics with a minor in Financial Management has been so gracious to research and write the majority of this post.
Greatest Thing I’ve Learned From … Jeffrey J. Fox
Welcome to the latest series here at JosephSangl.com – Greatest Thing I’ve Learned From … In this series, I am going to be sharing the greatest things I’ve learned from financial and leadership experts. I hope you enjoy the series and will join in the conversation to share your favorite learnings from these leaders!
Greatest Thing I’ve Learned From … Jeffrey J. Fox
I was introduced to a book written by Jeffrey J. Fox when I was an up-and-coming manager for a Fortune 500 company and had just been promoted to the next position (in the next facility, in the next town, …) The book was titled How To Become CEO – The Rules for Rising to the Top of Any Organization. My current leader gave me this book, and it greatly affected me.
I know that I have the greatest “thing” that I have learned, but this one requires a couple of “things” I have learned.
Avoid Staff Jobs, Seek Line Jobs
In other words, Fox was saying, “Do work that helps the company make money.” It is a lot harder to be fired when you have a definitive and tangible link to helping a company make money. This increases your value and positions you for growth.
Send Handwritten Notes
Be personable. Be real. Let people know when they do great work. A handwritten note trumps verbal praise, congratulatory emails, and bonuses – combined. When was the last time you received a handwritten thank you? When was the last time you sent one?
Jeffrey J. Fox has written several books similar to this one. Have you read any of them? What are your thoughts?
Greatest Thing I’ve Learned From … David Chilton
Welcome to the latest series here at JosephSangl.com – Greatest Thing I’ve Learned From … In this series, I am going to be sharing the greatest things I’ve learned from financial and leadership experts. I hope you enjoy the series and will join in the conversation to share your favorite learnings from these leaders!
Greatest Thing I’ve Learned From … DAVID CHILTON
I was around 12 years old when my dad gave me a copy of David Chilton’s book, The Wealthy Barber. It taught me one of my life’s greatest lessons – the POWER of compound interest! Now, I know I was a little on the “nerdy” side as a kid, but this book actually kept my attention. So much so that when I obtained my first full-time job, I immediately raced to the benefits person and set my 401(k) contribution to the maximum allowed. I have NEVER regretted that decision. I also learned the negative side of compound interest, but it took a little first-hand experience with that for me to fully grasp that lesson (which I share in I Was Broke. Now I’m Not.)
David Chilton is also a JosephSangl.com Financial Hero.
Greatest Thing I’ve Learned From … David Bach
Welcome to the latest series here at JosephSangl.com – Greatest Thing I’ve Learned From … In this series, I am going to be sharing the greatest things I’ve learned from financial and leadership experts. I hope you enjoy the series and will join in the conversation to share your favorite learnings from these leaders!
Greatest Thing I’ve Learned From … DAVID BACH
There are two things I have learned from author, investor, and speaker David Bach:
1. Latte Factor
This is the one thing in each person’s life that they could give up and save $5 – $10/day on. For some it is StarFourbucks lattes. For others it is lunch at restaurants. For others, it is the home phone.
Consider your spending habits. Is there something you can give up that would save you money nearly every day?
2. Make it automatic
His books and speaking have reinforced to me the importance of making every important financial goal automatic. My retirement savings is important. So is my son and daughter’s 529 college savings plan. (so cool to say “son” and “daughter”!!!). I’ve made each of them automatic draft. What do you need to make automatic?
David has authored several books, but one of my favorites is The Automatic Millionaire
By the way, David Bach is another JosephSangl.com Financial Hero – HERE.