I think I'm going to sell my bond funds (CHTMX, MBDFX and HXBAX). The more I learn about how they are affected by rising interest rates, the more now seems like the time to do it. I think having these funds in my portfolio helped me out when the stock market wasn't doing as well, but I think they might be heading into a long term slide as interest rates increase, so their usefulness may be over. The share prices are down slightly from when I bought them, but my ROI is still in the black because of dividends paid, so I don't feel like I'm losing a ton of money from a panicked dump. But I definitely could have earned more from that $7000 over the past couple of years. Oh well, lesson learned.
This will only be the second time I've ever sold any of my investments. Some people seem to have the problem of selling too soon, perhaps I am just the opposite... BRSIX is up about 107% from when I bought, but I can't decide if I should take the money and run, or wait it out and hope it keeps going up.
Now I have to research some other funds to put that money in...
Sunday, August 28, 2005
Time to Sell?
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They are not in a tax sheltered account, and are about 25% of this portfolio, which is just a savings/investment portfolio, separate from IRA/401K etc.
Hmm, two of the funds are tax-exempt bond funds... I do seem to remember that being part of the reason I bought them!
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