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Subject:  Re: 401(k) allocation Date:  1/8/2004  4:59 PM
Author:  THagenah Number:  38421 of 98534

Joel: I do not have the stats right handy but if my recollection is correct the Legg Mason Value Trust has beaten the SP 500 for at least the last 10 years if not more. It has a high management fee (around 1.75%, I think) so that is a negative, yet you can't argue with the success that Bill Miller has had. He invests in about 30 stocks and limits his turnover. If you can access James Glassman's latest column in last Sunday's Washington Post Business section you will read all about Value Trust. If I were you at the mid 20's age I would split my bets. Go with a 50% committment to SP500 index or the Total market as you suggested and the other 50% with Legg Mason. Good luck. Let us know what you do.
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