Mutual Fund Question?
Tuesday, February 26th, 2008
Jay H asked:
I have money in a vanguard mutual fund that I plan on using in two to three months for the purchase of a home. Lately the fund has dropped alot and rapidly, more than I thought could happen with a mutual fund that is diversified. Would it be wise for me to cut my losses and get out now or wait a while and see what happens? I know there is no magic answer but perhaps someone has a better understanding of mutual funds and can clue me in on if and how it will balance itself out over the next couple weeks. Thanks for any info.
Question posted courtesy of: Allison
I have money in a vanguard mutual fund that I plan on using in two to three months for the purchase of a home. Lately the fund has dropped alot and rapidly, more than I thought could happen with a mutual fund that is diversified. Would it be wise for me to cut my losses and get out now or wait a while and see what happens? I know there is no magic answer but perhaps someone has a better understanding of mutual funds and can clue me in on if and how it will balance itself out over the next couple weeks. Thanks for any info.
Question posted courtesy of: Allison
