Autopilot Investing and Gabelli Small Cap Growth Fund

We all have very busy lives. Often, you will have to make financial decisions including planning your retirement. Even if you are not a stock market investor, sometimes you are forced to do it because of your 401(k) or IRA. (It is RRSP and TFSA for Canadians). But one barely has any time to make these decisions. Sometimes you wish these things work like autopilot on a plane.

For those folks, I have always recommended investing in an index fund like Vanguard Index Fund. But once in a while there is a great mutual fund that is run by a veteran who understands long-term investing better. We have earlier seen lot of other value investors but one of my favorite investment managers of all time is Mario Gabelli.

His Gabelli Small Cap Growth Fund had its inception during 1991 and has produced over 13% returns over these long years.

See a small summary of the fund’s performance over the years here.

Here is the latest quarter letter from Mario himself and I would say his ideas are some of the best!

Mario Gabelli is not only a good value investor but is also a great businessman who understands business cycles. He is often seen on CNBC ( US). Here is one such video