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<title><![CDATA[Hennessy Cornerstone Growth]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/forumview?bn=48431</link>
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<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/forumview?bn=48431</link>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=39&amp;tof=1&amp;off=1</link>
<description><![CDATA["The reality is I would have been a lot better off parking my money in a low-cost S&P index fund for the past four years."

That's hindsight.   The trick is to find the asset(s) that will outperform for the NEXT 4 years.]]></description>
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<pubDate>Sat, 16 May 2009 16:44:51 GMT</pubDate>
<author><![CDATA[mburruss777]]></author>
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<title><![CDATA[Creamed by Small cap Growth and Small cap Value]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=38&amp;mid=38&amp;tof=2&amp;off=1</link>
<description><![CDATA[I have held this fund a long time and it does throw off some great (but taxable) distributions. But I find that it has been absolutely creamed by every measure against small bap index funds like IJT and IJS. Like all funds, it works well in a growth momentum market But there are cheaper vehicles that do the same thing. When Hennessy is on CNBC he seldom talks about his funds and the talking heads never point out that he doesn't beat the benchmarks.]]></description>
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<pubDate>Sat, 09 May 2009 08:56:25 GMT</pubDate>
<author><![CDATA[itsallbus]]></author>
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<title><![CDATA[Re: underperforming amazingly well]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=28&amp;mid=37&amp;tof=3&amp;off=1</link>
<description><![CDATA[Sorry - I meant to rate it Strong Sell.]]></description>
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<pubDate>Wed, 13 Aug 2008 03:29:03 GMT</pubDate>
<author><![CDATA[copperjacket223]]></author>
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<title><![CDATA[Re: underperforming amazingly well]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=28&amp;mid=36&amp;tof=4&amp;off=1</link>
<description><![CDATA[Indeed. I finally sold the remainder of my holdings in this POS fund at 13.79 a few months ago, and not too soon. The abysmal performance doesn't justify the high fees. I also got sick of the large taxable gains it generated every year. Investor's Business Daily recently had the fund at an "E" which is it's lowest rating.]]></description>
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<pubDate>Wed, 13 Aug 2008 03:29:02 GMT</pubDate>
<author><![CDATA[copperjacket223]]></author>
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<title><![CDATA[Re: underperforming amazingly well]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=28&amp;mid=35&amp;tof=5&amp;off=1</link>
<description><![CDATA[and again....

Dow up 2.9%
Nasdaq up 2.8%
S&P500 up 2.9%

HFCGX up 1.27%.   yikes. 

Oddly enough, over the YTD time frame it does seem to be at least performing at the level of those indices, which surprises me.   I had thought it would underperform. (Of course once taxable distributions and fees are included, it will indeed underperform)]]></description>
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<pubDate>Wed, 13 Aug 2008 03:28:10 GMT</pubDate>
<author><![CDATA[williamvollmann]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=33&amp;tof=6&amp;off=1</link>
<description><![CDATA[Look, at some point you have to objectively evaluate a fund and if it underperforms for a significant period of time (which this one has) you need to pick up and move on. There are many funds which were stellar performers for years and then for one reason or another toppled over and never came   back. This one has become a lousy investment and is not worth the fees it's charging. The reality is I would have been a lot better off parking my money in a low-cost S&P index fund for the past four years.]]></description>
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<pubDate>Sat, 16 May 2009 16:44:51 GMT</pubDate>
<author><![CDATA[copperjacket223]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=32&amp;tof=7&amp;off=1</link>
<description><![CDATA[It sounds like you have no idea what you invested in in the first place.]]></description>
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<pubDate>Fri, 02 May 2008 18:01:32 GMT</pubDate>
<author><![CDATA[lionsheadblend]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=31&amp;tof=8&amp;off=1</link>
<description><![CDATA[how true, I am adding more this week to my IRA]]></description>
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<pubDate>Mon, 28 Apr 2008 13:47:54 GMT</pubDate>
<author><![CDATA[belize91]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=30&amp;tof=9&amp;off=1</link>
<description><![CDATA[I do not live in the US and I am not a US citizen so I cannot invest in this mutual fund. However, I   have used this strategy to create my own "mutual fund" since 1997. I rebalance every year (capital gains are tax-free for me) and my average annual return is 18.7% after transaction fees. I do not look at the returns on a daily or even monthly basis as these kind of fluctuations are simply noise for long term investors. The strategy behind this fund is clearly based on a long term objective (5 years or more) so those of you who jump in and out based on a few months or even a few years of data are falling into the same trap as the 80% of investors who cannot beat the market averages over the long term. Funds like this are not for swing traders who those who look at their portfolios on a daily basis. It's for passive investors. So go ahead and try to beat the long term average of +/- 18%. I wish you luck. But the strategy behind this fund has allowed me to retire far earlier than I anticipated by simply staying the course. O'shaugnessy's principals are simplistic and unconventional but ultimately sound.]]></description>
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<pubDate>Mon, 28 Apr 2008 13:47:54 GMT</pubDate>
<author><![CDATA[pppgarmin]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=29&amp;tof=10&amp;off=1</link>
<description><![CDATA[Oh please. This fund has taken a major turn south over the past two years or so. It's bottom ranked in its category and has drastically underperformed basic benchmarks like the S&P 500 for some time now. I'm glad I sold half my position last December and I'll be moving the other half out soon. There are better places for my money than this lousy POS...what a disappointment it's been.]]></description>
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<pubDate>Thu, 01 May 2008 22:55:15 GMT</pubDate>
<author><![CDATA[copperjacket223]]></author>
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<title><![CDATA[underperforming amazingly well]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=28&amp;mid=28&amp;tof=11&amp;off=1</link>
<description><![CDATA[Today: 
Dow up 3.19%
Nasdaq up 3.67%
S&P500 up 3.59%
EFA up 3.16%

FHCGX: up 2.82%

Ugh. 


And not just today. 3 months chart:
<a href=http://finance.yahoo.com/q/bc?s=HFCGX&t=3m&l=on&z=l&q=l&c=%5EGSPC,%5EIXIC,%5EDJI>http://finance.yahoo.com/q/bc?s=HFCGX&t=3m&l=on&z=l&q=l&c=%5EGSPC,%5EIXIC,%5EDJI</a>]]></description>
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<pubDate>Wed, 13 Aug 2008 03:29:02 GMT</pubDate>
<author><![CDATA[williamvollmann]]></author>
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<title><![CDATA[Re: Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=27&amp;tof=12&amp;off=1</link>
<description><![CDATA[Yeah, right. 

I crushed the market by selling 75% of this fund in September. Wish I'd sold the rest too.]]></description>
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<pubDate>Sun, 09 Mar 2008 02:40:18 GMT</pubDate>
<author><![CDATA[williamvollmann]]></author>
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<title><![CDATA[Keep the Faith]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=26&amp;mid=26&amp;tof=13&amp;off=1</link>
<description><![CDATA[Remember, this mutual fund can have wild swings in annual returns.   This strategy will earn 18% per year over the long term.   Compare that to any other strategy over a 57-year period (backtested to 1951) and you will see just how much money you will make in retirement.   HFCGX is an ideal long-term investment for an IRA account.   You will crush the market averages by a wide margin!]]></description>
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<pubDate>Sat, 16 May 2009 16:44:51 GMT</pubDate>
<author><![CDATA[ryan_wadington]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=25&amp;tof=14&amp;off=1</link>
<description><![CDATA[<I don't necessarily believe that the NEXT ten years performance of this stock will do as well as the last decade ->


 WHY do u think this?]]></description>
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<pubDate>Sat, 27 Oct 2007 18:54:07 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=24&amp;tof=15&amp;off=1</link>
<description><![CDATA[I meant HFCGX, Not HFCHX]]></description>
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<pubDate>Fri, 26 Oct 2007 17:51:00 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=23&amp;tof=16&amp;off=1</link>
<description><![CDATA[I know it has performed well over the past 10 years - if you ignore taxes on distributions of capital gains.    I have no plan on selling my shares of HFCHX in my tax advantaged holdings, and I may even add to them next year.   

However, I did sell one-third of my shares in my taxable accounts. And I don't regret that. I might end up selling half of what I still hold, which would decrease my holdings to 33% of what I had. 

And I don't "chase recent performance." I use an asset allocation that is spread between tax-efficient ETFs, (DVY, SPY, MDY, EFA) into which I invest steadily. Over time I will add more bonds to this allocation.

Finally, I don't necessarily believe that the NEXT ten years performance of this stock will do as well as the last decade - even pre-tax.]]></description>
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<pubDate>Sat, 27 Oct 2007 18:54:06 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=22&amp;tof=17&amp;off=1</link>
<description><![CDATA[Average Annual Total Returns as of 9/30/07 
YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception 11/1/96      
HFCGX 3.24% 14.65% 14.72% 17.10% 11.67% 15.04%    
S&P 500 Index 9.13% 16.44% 13.14% 15.45% 6.57% 9.10%    
Russell 2000 Index 3.16% 12.34% 13.36% 18.75% 7.22% 9.61% 


take a look at the 10 year, easily beat the sp500 and R2.
Go ahead and chase recent performance, I'll take long term results and knowing how the fund is constructed over the latest hot fund manager of the month. good luck.]]></description>
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<pubDate>Fri, 26 Oct 2007 17:49:11 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=21&amp;tof=18&amp;off=1</link>
<description><![CDATA[Ive held the fund also.Apprently what works on wall street was just a good book and the nothing more. This was a bad premise for a fund structure. Oshauwnessy please stop writing books.]]></description>
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<pubDate>Sun, 21 Oct 2007 22:59:01 GMT</pubDate>
<author><![CDATA[samy203]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=20&amp;tof=19&amp;off=1</link>
<description><![CDATA[Should have waited, neh?]]></description>
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<pubDate>Thu, 20 Sep 2007 14:01:55 GMT</pubDate>
<author><![CDATA[investigatorsprivate]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=19&amp;tof=20&amp;off=1</link>
<description><![CDATA[10 yr period ending 6/30/07, it doubled the return of the sp 500.]]></description>
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<pubDate>Mon, 10 Sep 2007 21:08:22 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=18&amp;tof=21&amp;off=1</link>
<description><![CDATA[Short term views are not finacialy healthy. This fund has been a very good performer, over the last ten years up 9 down 1 ave. return +17%. Also low volatility during that period.]]></description>
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<pubDate>Mon, 10 Sep 2007 21:08:22 GMT</pubDate>
<author><![CDATA[gawepearson]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=17&amp;tof=22&amp;off=1</link>
<description><![CDATA[In the past month the S&P500 is down 4%. HFCGX is down more than 12%.   

Those are some ugly numbers.]]></description>
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<pubDate>Mon, 20 Aug 2007 03:14:31 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=16&amp;tof=23&amp;off=1</link>
<description><![CDATA[I hold this fund in my ROTH IRA so taxes are not an issue. But I appreciate others ideas....so what other fund would you invest in..??   Based upon your experience what % return are you getting??

Thanks in adance for any ideas.

kndlv]]></description>
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<pubDate>Fri, 15 Jun 2007 12:44:50 GMT</pubDate>
<author><![CDATA[KNDLV]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=15&amp;tof=24&amp;off=1</link>
<description><![CDATA[What is it after paying the taxes on the distribtions?   Maybe it'd still higher than S&P500, but by a lot less.]]></description>
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<pubDate>Fri, 15 Jun 2007 12:44:49 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=14&amp;tof=25&amp;off=1</link>
<description><![CDATA[as of 3/31/07, 10 year average annual return 16.6% vs. 8.2%
for the sp 500.

good luck in finding something better]]></description>
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<pubDate>Sun, 10 Jun 2007 19:11:12 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Leaving HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=13&amp;mid=13&amp;tof=26&amp;off=1</link>
<description><![CDATA[I've held - and added - to this fund for several years now and I know that short term performance shouldn't be a big deal, but it seems a lot weaker than it used to be. 

I may hold onto the small amount I have in an IRA, but considering the big cap. gains distributions it makes, I am considering selling my shares towards the end of the year before the next payout, and investing elsewhere. 

After taxes and fees, even with the good years averaged in, it's tough to see a really compelling case for this fund anymore.]]></description>
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<pubDate>Sat, 27 Oct 2007 18:54:06 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=12&amp;tof=27&amp;off=1</link>
<description><![CDATA[The expense ratio is a little high but given the long term performance, I am willing to accept it.   It is still cheaper than many mutual funds out there.   HFTFX is another great mutual fund too...]]></description>
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<pubDate>Sat, 19 May 2007 03:21:57 GMT</pubDate>
<author><![CDATA[ryan_wadington]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=11&amp;tof=28&amp;off=1</link>
<description><![CDATA[How to Retire Rich is a great book that actually got me interested in HFCGX (Jim has another book he wrote and published last year for those of you interested).   I bet Jim is regretting selling the mutual funds to Hennessy Funds.   I understand he is running a Canadian mutual fund with similar principles (the returns have lagged Hennessy's performance).   Not to mention, the expense ratio is over 2%.   One last note on the Cornerstone Growth and Reasonable Runaways strategies:   You don't need to invest in 50 stocks.   It is possible to reap the benefits of these strategies with as little as 10-20 stocks.   There might be a little more volatility, but the returns are very similar.]]></description>
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<pubDate>Sat, 19 May 2007 03:19:10 GMT</pubDate>
<author><![CDATA[ryan_wadington]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=10&amp;tof=29&amp;off=1</link>
<description><![CDATA[COMPLETELY agree.   And I DO like the fund.   I've been in it for almost 10 years now (I enjoyed the book too, and it's what got me into OShaugnessey's funds which soon became Hennessey's).   However, after 10 years how come the return isn't closer to the 18% p.a. that the book's data shows over 45 years? Maybe 10 years isn't enough time yet, and we will in fact see 18% on average over time.   But I'd bet part of the reason the returns are lower is the built-in transaction costs, as well as the high expense ratio that the fund charges.   I too, have been thinking lately about jettisoning the fund.   Nearly 10 years ago, I thought, WOW, great returns - 18%, great research, great book, etc. I should invest all my money in it. I was tempted to invest more at the time, but now am glad I did not - I'm glad I'm diversified and hold several other funds as part of a cohesive plan.]]></description>
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<pubDate>Sat, 19 May 2007 03:21:57 GMT</pubDate>
<author><![CDATA[fockercasa]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=9&amp;tof=30&amp;off=1</link>
<description><![CDATA[the fund has consistently beat the 500, if taxes are an issue have   u considered holding it in an ira?]]></description>
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<pubDate>Thu, 29 Mar 2007 22:42:00 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=8&amp;tof=31&amp;off=1</link>
<description><![CDATA[<<Anyone considering investing in this fund might want to read "How to Retire Rich" by James O'Shaughnessy.>>

Yeah, it's a good book. I remember liking it a great deal, and it's how I discoverd Hennessey Funds.

However, as the years go by, and the costs of owning this fund increase (As taxes, the built-in transaction costs, and the high basic expense ratio off the top), I'm leaning more towards jettisoning the fund rather than dollar costing any more money into it. 

As my overall holdings increase, I become more convinced that indexing is going to provide me with the biggest chunk of the market's returns over 3 decades. 

I haven't figured out what my REAL return is on HFCGX after taxes VS. an index fund portfolio over the past 5+ years, but i'll do that math before the '07 distribution.]]></description>
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<pubDate>Thu, 05 Apr 2007 23:40:53 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=7&amp;tof=32&amp;off=1</link>
<description><![CDATA[i have written the fund about the expense ratio but to no avail. with 50K and 1.5% expense ratio = $750.   For me, round trip on 50 stocks at $5 bucks a trade is $500. And of course, the fund itself has transaction costs that eat into performance so to me it's a no brainer if you are going to own this fund and don't mind doing a little work, why not run your own fund?, you have the formula. Best regards]]></description>
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<pubDate>Tue, 06 Mar 2007 22:08:23 GMT</pubDate>
<author><![CDATA[chips_dont_lie]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=6&amp;tof=33&amp;off=1</link>
<description><![CDATA[I've been a long term holder too, 9 years, of the fund.   It's great but I agree with you, I also don't like the expense ratio and think it's too high.   In your experience how much do the transaction costs end up costing you when you replicate the fund on your own? What's the best way to keep costs low if you're going to hold 25 or 50 stocks according to the formula? If you have to sell all 50 stocks one year, and buy 50 different ones, those transaction costs could really add up.

Thanks,
Disciplined Investor!!]]></description>
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<pubDate>Tue, 06 Mar 2007 22:08:23 GMT</pubDate>
<author><![CDATA[fockercasa]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=5&amp;tof=34&amp;off=1</link>
<description><![CDATA[I still like the Fund but like the formula more, as well. I started my own screening, using screens at Schwab and second-guessing with MarketEdge.]]></description>
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<pubDate>Fri, 23 Feb 2007 19:15:21 GMT</pubDate>
<author><![CDATA[bigcat13203]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=4&amp;tof=35&amp;off=1</link>
<description><![CDATA[i too have been a long term holder in this fund - 10 plus years.   Look at the 10 year record, it has consistently beaten the sp 500 by a wide margin. Whatever else anyone says about the fund, they must include the fact that historically the system has worked, may not in the future but at least we all know what we are getting. As far as the distribution goes, that is a product of the funds formula, most of it should be LTCG. My main beef is the expense ratio of the fund. So much so that i have in effect started my own similar fund. I use the Reuters screening tool and use the same formula as the fund.   So far since i have been replicating the fund in my own stock account, i have beaten the HFCGX, plus if set it up around the 1st of Jan. you can cherry pick the losses and take them in the prior year. Best of luck to you]]></description>
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<pubDate>Thu, 01 Jan 1970 00:00:00 GMT</pubDate>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=3&amp;tof=36&amp;off=1</link>
<description><![CDATA[The discipline this fund uses is outstanding and has thus far been able to achieve superior returns. IMO, when this type of fund lags the market for a protracted period of time, it might be time to consider to dollar cost average.

Anyone considering investing in this fund might want to read "How to Retire Rich" by James O'Shaughnessy.

Good investing to all.]]></description>
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<pubDate>Sat, 19 May 2007 03:19:10 GMT</pubDate>
<author><![CDATA[Scmooz]]></author>
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<title><![CDATA[Re: HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=2&amp;tof=37&amp;off=1</link>
<description><![CDATA[Hey - look at that - message boards for mutual funds!

I used to believe very strongly in this fund, and have held it for several years now, but my faith has been shaken.   I still hold a lot of it but don't add to it anymore, especially after the big distribution a couple of months ago which will cost me a lot in taxes. In the short term it has not kept up with the market, after taxes and expenses. I hope that will turn around, but then again, most funds don't consistently beat the market.]]></description>
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<pubDate>Sat, 17 Feb 2007 17:50:12 GMT</pubDate>
<author><![CDATA[Shrieked]]></author>
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<title><![CDATA[HFCGX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_H/threadview?m=tm&amp;bn=48431&amp;tid=1&amp;mid=1&amp;tof=38&amp;off=1</link>
<description><![CDATA[This is the best mutual fund PERIOD!   This fund will make you a millionaire...]]></description>
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<pubDate>Sat, 19 May 2007 03:21:57 GMT</pubDate>
<author><![CDATA[ryan_wadington]]></author>
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