Here's the deal: you should've sold a long time ago. Mutual funds are a bad place to be in a bear market. That said, you've got to know whether this is the bottom first. I'd watch for the S&P to test lows at 1223 and then possibly at 1200, worst case scenario at 1175. Either way, the market should be in full recovery mode in about six months from now. So there's really no point selling here, unless you have a better growth opportunity to divert your funds to.
Mutual funds are a joke. The people who manage them are shams. The fund managers get paid regardless or not they perform. Their goal is to preserve assets, rather then help grow them. Case in point: "Out of almost 2,100 diversified retail U.S. stock mutual funds that are open to new investors, just 17 have positive returns for both the past 12 months and year-to-date, according to investment researcher Morningstar Inc." http://www.marketwatch.com/news/sto...?guid={8C79C669-46A7-4F15-87DD-5B80248A50D6}
that's why there's no better mutual fund than an index fund. lowest management and advertisement fees which means more money not thrown away.
That is highway robbery. I do not invest in any funds anymore, just individual stocks, so my only expense are the commissions. Index funds at Vanguard and Fidelity have expenses of about .1%.
