Open Question
I hope this question isn't stupid. In the past month I've made a great deal of
money (on paper) from CGMFX--just today I had a near 1,000 gain. Should I be
trimming off the top when so much is coming in or just let it accumulate. I know
that mutual funds don't set gains, etc. until after trading hours, and any sales
don't happen until after the next trading day to keep one from doing much
trading and market timing, but is one supposed take a little profit when things
are so up, or should I just let the money rise and fall as if it's on auto
pilot? (By the way, for anyone considering a mutual fund and you don't mind some
risk, this one really goes to work for you)
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Just make sure you re-invest the divies.
I have mutual funds too, but since I have learned to buy on my own (I still hope
to learn to TRADE) I don't add to my mutual funds. I just buy stocks. I
re-invested the dividends in my mutual funds. I do sort of skim some off the
top (I am allowed to do that with Vanguard funds) and move them around a little
bit with the markets. I made some $$$ off the VFINX when the market was high,
and I took that amount and put it into an emergenging market fund.
Kathy in NJ
VFINX, VEURX, and can't remember the tickers of the other two...(Emerging
Markets, 2025 Retirement Fund)
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The point of a mutual fund is autopilot stockpicking. They do the work so you
don't have too. I'm long CGMFX as well, and my advice is let it ride. Heebner
is great at catching the trends both short term and long term and is generally
ahead of the market. When he is out of step with the market, it always turns
out that it was a great buying opportunity. If anything invest more.
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most mutuals don't let you trade in an out of them. i've rotated sectors in
mine, but you probably can't trade them. mike
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