American Growth (AGTHX) - the mutual fund you mention you have --- has a 5.75% FRONT LOAD --- which is a BS word for "commission". Gawd I hate Mutual Funds... and the horse they rode in on.
And it had a pretty good year this year -- however - it's 10 year average is only just that - average - @ 7.94%
It's not a bad fund -- it's just average -- and in a bad year such as 2008 - it was down damn near 40%... but everything was crushed then so it just went along for the ride.
RE: P/E -- that's just ONE metric.... and is rather useless IMHO and that's why what's the most important metric you'll hear me beat into everyone around here is TOTAL RETURN -- who cares how it got there and why and what all the other pretty little numbers are ---- the big question is DID I MAKE MONEY ON MY MONEY AND IF SO - HOW MUCH. If you have a 5 year Total Return number that's over 100% --- you doubled your money in 5 years.... That's an important number.
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