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Sell now after it doubled?

tchandy

Contributor
Read Millionaire Fastlane
Aug 16, 2007
460
95
46
Kansas, for now
I have a mutual fund, Dodge and Cox stock, I opened in 2003 for about $80 a share. Since then the fund had doubled to $165 and then slipped back to around $153. Would you sell now and reinvest into undervalued stocks or wait and let the fund weather the Wall Street storm. :nonod: Any opinions would be appreciated. Thanks.

Tom
 

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DustinS

New Contributor
Aug 11, 2007
31
1
9
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If you think your mutual fund is going to continue to decline nothing is going to stop those undervalued stocks from declining some more as well if more bad news comes out :)

Besides it looks like you're getting 20% a year for at least the last 4 years which means the fund is pretty consistent. I would leave it alone unless you need the money or something, but thats just my opinion and I am a novice.
 
OP
OP
tchandy

tchandy

Contributor
Read Millionaire Fastlane
Aug 16, 2007
460
95
46
Kansas, for now
Thanks for the comments. I took about $5000 out when it was at $159 a few months ago before the market went into its recent frenzy. I looked at what the fund owns and there are a few stocks that have not performed as well as others that have performed well. I have a feeling the market will continue on its current path for at least the remainder of the year.

Tom
 

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