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Mutual Fund Withdrawl question
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If I lost more than 12% in one month in a mutual fund would it be best for me if I were to withdraw the money or should I leave it in a bit longer, what is a good indication of when I should take it out. The MER is 2.88% by the way.
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When your mutual fund is performing worse than the average for that sector you should sell. Don't sell all at once. Hedge your bets by staggering your sell across 3 months. That way you average your loses. Looking into buying a more stable mutual fund.
http://www.amfi.com/buying/mutual-fund-store
http://en.wikipedia.org/wiki/Hedger
http://www.amfi.com/buying/mutual-fund-store
http://en.wikipedia.org/wiki/Hedger
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