Does anyone have any opinions, thoughts etc... regarding the claims below and is anyone in the fund. Being newer to the index funds I just came across this article and I know alot of people have alot of knowledge on funds, links etc... to check stuff like this out. ( I have been allocating my money to 4 Vanguard funds). As i said was just curious what the longer time Index fund users feel.
General American Investors (GAM), which has operated since 1927. General American's 2013 annual report showed some stunning results In fact, over the most recent one-, five-, 20-, 30-, 40- and 50-year periods, shareholder returns outperformed the S&P 500, with dividends reinvested. The fund has generated 11.9% compounded over 50 years of bull, bear and dull markets, and that can go a long way toward dream achievement.
After the initial purchase, you'll own some of world's best companies without having to lift a finger. The indicated returns are net of all fees but before taxes.