Is Genworth Financial Contra Fund a good investment?

Question

What type of investment is the contra fund? Is it too aggressive for a retired person to invest in?

Answer 1

There was a saying that "the dogs of the Dow" are often the best investments in it. Stocks that seem beaten down, if the company is good, and you usually don't see them on the Dow or S&P500 lists unless they are, then after a bad year or two, they rise more in market value than the perpetually good and stable companies. I once made a portfolio of profitable companies that lost market value and the next year they did a bangup job in the market. It doesn't always happen that way and some of the previous year's losers went on to lose and lost big. But that is what diversification and funds are for, something is going to fly high and compensate for things that sink and stink. Genworth is a good company, I bet they would handle it well.