How can a diversified fund be down 7% on a day when the DOW is up 130 points. Why is this fund performing so poorly. I am down 33% and am trying to decide when or not to just give up on this fund and take my losses or hold on a little longer until it comes back. Any ideas?
i was holding out for 11/08 distribution, but just couldnt take the heat anymore,dumped 2/3 of my position yesterday, on too many occasions this fund has pissed me off when dow is up 300 they are up .02cents..i'll need to double the remaining 1/3 just to break even, probably should dump that too but then it would go up, lol..had averaged down on many occasions only to find myself down 25%(in 2yrs)..i knew in my heart of hearts these guys were taking the "all or nothing" approach to mutual fund investing..they seem to have no defensive approach in volatile times..simply put when you put all your eggs in one basket(commodities-oil,metal)and energy, you have a formula for disaster if supply exceeds demand...having said that, if you have faith in the top 10 holdings(which i dont-especially-drys,txi,chk,cmi,dvn)then you can gradually dollar cost average if you have dough laying around..tough call to time the bottom here..if they made an amendment to their top holdings like adding say...HNZ/KFT/MSFT/GE you would have some buffer from the really really bad days that commodities impose on you..just one dumb investors opinion.