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No. of Recommendations: 1
Joel Greenblatt’s new “passion”.

Investors can invest as little as $5 per day. Can have a custodial account for your kids or grandkids. There’s going to be an Invest5 University to teach investing.

All money is invested in the Gotham Enhanced S&P 500 Index Fund (GSPFX), a value-weighted S&P500 fund. Expense ratio 0.5%. The fund has done well so far.

The goal of the fund is to do better than the cap weighted S&P500 index with minimal tracking error.

I liked the idea of a value-weighted S&P500 fund when Greenblatt wrote about it in his book “The Big Secret...”. Happy to see him promoting it at last and opening it up to investors of very limited means. Only concern is the AUM, which is tiny at present ($6m).
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