Quote:
Originally Posted by raymr
Does anyone else have money in this pig of a mutual fund. It has sunk almost 10% during the same time everything else is +10-20%. It represents about 1/5 of my investments. It used to be a high-flyer when it was 20th Century Ultra. So now the question is should I: Sell, buy more (because its 'cheap'), or just hold on to it?
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I've got money in that fund. Yeah, they're certainly not flying as high as they did back when they were 20th Century Ultra. I've had money in it for 8-9 years and have watched if soar and plummet. It has been coming back recently.
I forget which index it is most closely aligned with, but that's usually the way I determine whether to raise, hold, or to fold.
If your portfolio is properly diversified, some of your holdings will be up when others are down. Keep that in mind, too. Good luck.
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