I put 15% of an inherited IRA into USAGX 2 weeks ago and commenced to go straight down 13% since. Its been hard to watch. Been listening to all the consultants say get long into gold with part of your portfolio. Okay if you got lots of time. Im 2 years to retirement and might cut back when i get a little recovery. Seems very volatile but so is everything else.Good luck.
You people need to chill out. Did you not see the risk rating on this fund? You cannot look at it day to day just wait and hold and you will be rewarded. My IRA is 100% this fund, why? Because im young and willing to deal with the risk. Deal with this risk and you will be rewarded. If you can't handle it then get out.
You are right about the longer term committment to this fund. It's not day trade stock. It's a hedge against inflation. Compare USAGX to a small cap like USCAX on a 5 year or longer chart and you may change your thinking about putting 100% of an IRA in any one fund despite your youth. Although I wouldnt be getting into small cap just yet, you may be limiting your total growth by half over a very long haul. It's called Diversify.