I finally got the prospectus for the Rogers fund, along with a lot of other stuff. I like the balance and (as best I can tell) the mode of operation: just rolling forward futures and other contracts so as to replicate the Rogers index.
I have got to decide, however, if I really want to pay $600 up front for every $10,000 I put into the fund, plus a 2.25% annual management fee. If you hold for four years, that means almost 4% annualized management fee. Of course, if the fund doubles or triples in that period, that's insignificant.
I could also put the same amount of money, at a total commission cost of $19.95, into Energy Split and collect, probably, at least 20% yield over the same period of time and quite possibly get capital gains as well. If the Rogers fund doubles, Energy Split most likely would double.
So what does it come down to? I think, just for the hell of it, I will put the minimum ($10,000) into the Rogers fund and see what happens. Kind of like I am planting Japanese eggplants, just for the hell of it and because they are different. |
