For my new car savings fund, I've decided to go with, T.Rowe Price Value mutual fund (TRVLX). It was the top recommendation in February's Smartmoney for Large-Cap Value funds.
I already have my IRA's with T. Rowe and even though I hate their website, I haven't had any problems with their service by telephone or mail.
The fund manager is John Linehan and he's been with the company for 9 years, with this specific fund since March of 2003. It's 5 year return is up over 59%.
5 year return is 9.75 and 10 year is 10.94 with .90 expenses.
I'm planning on depositing $400-$500 per month by automatic withdrawal and will probably start it with $2000-$2500.
My car is a 1998 and I should be able to squeeze out a couple more years. It has a ton of mileage on it but I get regular oil changes and it's still running good. The body isn't A++ but I'm not a car person and with 150 mile commute each day, I just need to get back and forth to work.
I ordered the forms and prospectus (for some reason I couldn't download them) and they usually mail quickly. I've already received my statement for the $2,000 I invested in this year's IRA and I just mailed it last week.
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