Can't wait to jump on board once capital gains are distributed in December. I'm coming in big and plan to hold for long term. Hopefully, the fund stays with the same obstacles to get in and get out. I am going to be making a one time investment and will worry about the exit point in several years. Long, long, long.
Im not sure what your reason is to wait until December to get in, after all distributions will be based on FIFO so if you dollar costed you should still get a nice chunk in Dec.
This year I think the distribution will be high, we've made a lot of money lots of appreciation of value.
The fund price hopefully will come down immediately after the distribution and we can pile on more.
I was just like James....... an investor who does his homework and trades a lot, some good some bad decisions but in the longer scope of things beating the market and making money....... a NO brainer to sit back and let James do it for you....... makes me sleep better at night to be honest with WAY less headache! And obviously he outperforms me year after year . Bull market hold for sure and adding on dips strategy. Reminds me of Warren Buffet's fund but on steroids!
I am a new investor to OSFDX and I like what I see so far. I like how James is holding onto cash and "waiting" for the right opportunities. Other mutual funds have to keep most of their money invested but James can actually be thoughtful.
Is there a big distribution typically in December?