"You have a target entry and exit price on an actively managed mutual fund whose holdings you arent completely aware of?  How does that work, exactly?

Ajw "

Re: Well, this is were some of us differ in our reasons for Owning what we do..

My Buying Target Range PPS is my when to be Adding to my Exisiting Funds.. Not Exiting/selling..haven't really sold anything in several Yrs in my Primary Funds/Port..  2ndary -higher risk port, I gamble with? Yes.. eg: Int'l and some others..

Ie: I buy Funds that I want The Fund/Mgrs to make most of my decisions on which are the Better sectors to be in and "leave the driving to us', seeing as I went thru several yrs of Playing the Indexing Game and guessing which Index to have more in, than the other and Failed in comparison to these guys.( Success in running a Business is to Hire People smarter in their Fields of profession than you )  and based upon my past 9+ yrs doing this? I gots to stay the Course...& just Plan for the Worse and Hope for the Best!

But? I do watch them and if things turn for the worse after a few Qtrs? It requires more of my attention to see what's going on and Put a Hold on it or Maybe even Reduce or even sell it.. I've found every AMF I've owned or Looked at eventually Goes Flat to Worse... ( Like LCORX did a hard Close or D&C Funds ) So, "Happiness is a Back Up" comes into play for me.. and that's the price one pays for owning AMF's vs Index Funds..

And I could care less what a fund Owns, since I'm not Good at determining wether it's best to be more in Financials, Energy, Health or Hoola Hoops...( And let's face it.. If your a true Capitalist? Who cares What they Invest in, just as long as it makes enough Money! Leaving Morals aside.. A Good example is how many have been investing in China! They're Commies aren't they?  A major threat to our Way of life! )

If I was? I'd be playing More Individual sectors, some ETF's and More stocks..

Just Like owning WB's >Berk.B shares.. I am betting on the Mgr., not so much the Fund..  and they have given me alot more time to Go Fishing and Boating...vs having to devote Hours every week on charts, etc..ie: Life's Too Short for me for doing all that Crap! ( and if it means I make 5% Less a Yr from my Money? Then I just have to either (a) ADD more to make up the difference or (b)  Live on Less)

Kinda like Betting on a Horse at the Track.. I don't care if the Horse Took a Dump that Morning or if the Jockey got Lucky the Nite Before..or the Horse is In among better one's... I follow the Trainer and Owner's..1st...(and usually able to talk with them as well )  and that's worked out pretty good for me over the past 30 yrs of going out  to the track on Wknds for some fun and Play with a couple of Hundred $. and End up either Even or ahead by 50-150%...

As for The rest of you who ARE able to do a better job of Determining Which sector to be more in than others?

God Love yah! And Hope it works out for you..

Now, I'd like to find a Top guy that runs a Fund that Does well with The Horse track, Craps at Vegas and Football Games! 

and I'd love to find a Fund/Mgr. that Owns All My funds and He does a Better Job of managing it!  Then I can have even another couple of hrs a week on the Lake ( In Wonderfull Door County & Eagle River, Wi. , Fishing and Boating....

( FYI? I've ck'd out 8 Advisor Firms so far and None will do this, they will only invest My $ Their Way..and They Hate Bal. funds....Gee, Wonder Why? LOL )

it's the old > To each their Own Trick