Monday, June 12, 2006
Mutual Fund Madness
Should I rescue myself from a mutual fund? I know, I know...mutual funds are inherently a risky venture (although with less risk than some other options). However, I've been clinging to a particular fund, Putnam Discovery Growth A, for more than four years now. I've had a great 2006 up until this month when the whole thing took a nosedive. As you can see by the 5 year time-scale things have been on the up and up. But until March of this year, I have yet to really turn a profit. The whole game, though, is wait and see.
To give you some type of perspective. I began the investment in January of 2002 (just before I left for Italy, and right after 9/11). The gains aren't as big as they seem.