Thursday, January 05, 2006

Mutual funds

...And here's a look at some of the mutual funds I'll have to consider selling. These have mostly done so well I don't really want to get rid of them, but some of them seem like they might just be teetering at a peak after big gains in the last couple of years, so perhaps I'd be locking in the best returns I could get. Of course if I actually had any way of really knowing that, I'd be a millionaire by now...

current price % change since I bought
BRSIX $ 18.23 112.89%
ICENX $ 34.12 65.83%
RYTRX $ 12.82 58.47%
RYVPX $ 12.35 31.38%
VEIEX $ 20.02 14.97%
TIVFX $ 15.71 7.50%


Anonymous said...

You say, "These have mostly done so well I don't really want to get rid of them," when actually SELLING HIGH IS GOOD. Of course you never know how much higher something will go, but don't talk yourself out of free money by waiting for the funds to drop before you sell them.

Madame X said...

I did have some funds that were not doing very well (this post from July mentions them) but I sold them in November, basically breaking even. They were tax free bond funds, so I didn't think there was much potential for them to do better any time soon.

Amdollar said...

Nice work! Your returns have been phenomenal! Im curious to know how you came across those funds? My mutuals have only gained 10% on average with my 401k. no complaints though :) could be worse

Madame X said...

I use a highly technical analytic method when picking mutual funds. I use the fund screener in E*Trade and check the star ratings and returns over the past few years, as well as expense ratios. I then attempt to consider portfolio balance and try to buy an international fund if I don't have one, or a small cap one if I haven't tried one of those yet.
Then I say "uh, this one looks nice" and I buy it.