I feel your pain man. No way I ever thought we'd go under .50 and here we are at .22 and I'm down 12,000 avg. pps at .71
I looked up every individual company and the collective performance of all of them. Their stock prices are still 4-5 times more than what they were in 2005 as opposed to now (UNLIKE EKWAX). Have they had a dip? Yes, but not nearly as bad as EKWAX. By the way, Yahoo has been deleting my posts and I think it's because someone at EKWAX is complaining. So much for freedom of speech. DO NOT INVEST WITH FIDELITY. I highly recommend not saving in a 401K. Invest in high dividend yielding companies in foreign countries. Invest on your own and don't let any brainwash you. Educate yourself and become a savvy investor. These crooks will just rob you blind. Good luck
This was their response (a garbage response at that)
As a publicly traded mutual fund the underlying investments in this fund are in many companies that focus on precious metals. The performance of the fund depends on the performance of those companies collectively. Though the price of gold may be trending in one direction if the performance of these individual companies is trending in the opposite direction it could result in a drastically different outcome that what you may have expected.
I wrote to Fidelity who offers this fund for my 401K to ask them this simple question:
Dear Fidelity, I am a client of NetBenefits. I have invested in your Wells Fargo Advantage Precious Metals A (EKWAX) and am down 41% for the year. I'd like to know why this particular fund is down to the same levels it was in 2005 when the price of gold was $500 an ounce. Given that the price of gold is currently $1300 can you please explain to me why this fund doesn't have a much higher share price? And why should I keep investing with you?
huh? How? This is good news man. Leaning up the company for future success. The tree has been shaken now and the weak will bail.