No. of Recommendations: 2
hclasvegas wrote on 6/20/24
ADX top ten holdings, that's enough tech for me.
https://adamsfunds.com/funds/diversified-equity/Adams Express. Why have I neve heard of this until today (3/26/26)?
A closed end fund established in 1929, it has returned an average of 9.8% per year since 1929.
The fund pays out at least 8% per year so this does not mean that the fund has grown to 8,678 X its value in 1929. That is only ~ 1/4 the appreciation that BRK has had since 1965, but 97 years!
I think I'll buy me some of this. Its like owning a Duesenberg or something.
R:)
