May 26 2010, 12:57 AM
QUOTE(Aurora Boreali @ May 18 2010, 03:41 PM)
When do you guys decide when to let go of a fund that just doesn't seem to be rising after your purchase?
I bought PIALEF since its launch. These 2 weeks saw the NAV dropped from slightly above 0.25 to 0.2393 today. I'm thinking of selling it if it continues dropping to 0.2110. At 0.211, I would have lost 20% of the total fund I invested (loss include the 5.5% service charge).
I guess I bought the fund in the midst of the Greece debt crisis which doesn't seem to be resolving anytime soon. The fund dropped even further following the 1000-point Dow Jones crash about 2 weeks ago. I'm afraid the NAV will just keep going lower and lower. Will the 2008 crash repeat itself soon?
Do you guys set a cut off point to minimize your losses, or just keep holding onto it and hopes that it performs better?
My 2 sen. Instead of 'holding on to it', you can check out the other funds within Public Mutual. If u think those funds got better chance of shooting up then (learn how to) switch to those funds. Case in point, after the mega rally in March 2009 for PCSF, that fund began to perform marginally and end up other funds like P Select Alpha 30 outperform it by many times.I bought PIALEF since its launch. These 2 weeks saw the NAV dropped from slightly above 0.25 to 0.2393 today. I'm thinking of selling it if it continues dropping to 0.2110. At 0.211, I would have lost 20% of the total fund I invested (loss include the 5.5% service charge).
I guess I bought the fund in the midst of the Greece debt crisis which doesn't seem to be resolving anytime soon. The fund dropped even further following the 1000-point Dow Jones crash about 2 weeks ago. I'm afraid the NAV will just keep going lower and lower. Will the 2008 crash repeat itself soon?
Do you guys set a cut off point to minimize your losses, or just keep holding onto it and hopes that it performs better?
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