The Following Information is provided by a Person who spent 30 yrs in the Limousine Business (serving a lot of the Financial Firms and their Pro's ), just proved to me that how Unscrupulous they are and I retired at age 55 and is now 61, following the Principal by Benjamin Graham :
An investment operation, is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative." . The Following content is not based on the knowledge of a reader's individual needs or circumstances and is IMOO (In My Opinion Only). If you insist on managing the investing of your own money , it's important to learn how to do the right kind of research to determine the best fit for your investment objectives & take your chances or Use Balanced Mutual Funds or Hire a Firm to manage your Money for you..
RE: OBIX?
Ouch!
Well..
1. Not to feel alone, we've all done these kinds of dumb mistakes , both as new and thereafter over the yrs..
2. Whomever led you down the path to buy this fund, let alone any Int'l fund now, you should go hit them in the head
3. This was Your First Fund? And it's a Fund with No Track History? Seems to me, you need to "regroup" and learn the Basics first myfriend..( Mine was the S&P 500 Index Many Decades ago )
4. As for this fund? Probably has done it's worse ( maybe another -10%) thus might as well just ride it out.. Since Int'l sector has a better chance are recovering alot more than the bond funds..( Eg: Int'l Index did over +40% in 03') and this One might do double that? ( One and hope )
5. But, I expected Int'l to loose at least the same as it did in past bear ( - 51%)..thus not more than 5% of my $ went into it..and I bailed Last yr..
6. When if gets even? I'd Then Bail and if you Learn the Baisics in the meantime?, you will know where to put it next..
I advocate all New Investors just Put their $ into Balanced Funds until they Learn the Basics and then maybe take 20% for Trying their Luck on other Ideas they get .
Starting with:
Indexed Bal. Funds of:
VWELX for while working..
VWNIX for Those with HNW and Retired
Or: FPACX,OAKBX,PRPFX,PRWCX that have a history over the past 8 yrs of doing about + 3% apy better than those Index funds. but expect them to underperform in Bull markets 1 out of every 3 yrs.. and all are like Hiring a Mgnt. Firm to handle your Investments at a pretty cheap price ( ave 1/2% over an above The Funds Fee)
Why Bal. Funds? Might want to ck out:
Read this> 11 reasons passive investors let Wall Street steal their money - MarketWatch
If investing for your retirement? " Safety of Principal and a Moderate Return" is a Priority..What is A moderate Return? Btwn 6-10% apy. Trying for anything more is Not only Riskier but Alot more chance for failure..
Only Invest whatever Money you have left over ( Extra $) into other and Higher risk investments that you are accepting to loose upto 50% a yr on..
If making $50k yr? and have at Least 35 yrs before retiring? New General Guidelines are using the 8% Rule. Thus Saving a Minimum of $4,000 yr in a Retirement Port is Now required.. For every 5 yrs less? Add 1% (and this includes investing into a Home, even if you downsize after retiiring.)
Otherwise, if you save less? Odds are you will have to continue working beyond the traditional retirement age for you and more than likely work at Wal Mart Handing out shopping carts..
