Vick . . . . At this stage of the market bull run, I would park that money in a bond fund, cash account or strong dividend stocks and wait for the next serious market retreat and then pull the trigger. You would be better served to wait if you have time on your side. Yes, FBIOX could go higher in the near term but this bull market (and only my opinion) can't last too much longer. I'm not trying to rain on the parade or discourage you from entering the market. I just can't see this being a very good time on the back side of the bull market and something will have to give sooner than later!