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  • varia_nada varia_nada May 24, 2012 12:16 AM Flag

    added more @ $63

    It was many years ago I invested 25K in this fund, at that time it was the minimum required. Then in less than a year, it grew to 32K, I was real happy, never had such a luck since I started saving and investing at a younger age. I almost sold it, but there was a redemption fee if held less than a year. Then very quickly the price started dropping around the time of the Great Recession. Even with dividend reinvestment, It took me about another 2-3 yrs
    to break even and got my 25K back.

    Looking at the price history,it looks like there is a cycle, IMHO buy at the low and get out at the high is a better strategy than just faithfully hold it for years.

    I just got back in at the low 60's for the initial $3000. I am watching the oil price to start adding at 52 - 45.

    Good luck.

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