UUPIX -- give it time?

Greetings,

I recently invested some money on UUPIX. After my investment, it performed nicely. So nicely that I was almost willing to take Fidelity's $75 fee for not leaving the money invested at least six months. However, after the initial few weeks of good performance, it took a turn for the worse. Now I'm significantly below my initial investment and I was wondering if anyone had any insight on the fund. Should I give it time to recover, or should I sell now?

Any assistance would be greatly appreciated.

Alra111

an ultra emerging market fund? this is as risky as it gets. I dont think you could have found a more risky mutual fund. what are your plans or investment strategy? It sounds like you trade rather than invest in mutual funds.

I looked it up on yahoo finance. under holdings it says 100% cash. did they liquidate everything or is that a yahoo error?

I cant really give you advice. It sounds like you want to know what will happen in the next 2 weeks. Anyones guess has a 50% chance of being correct.


with that said..........I dont think that emerging markets are finished emerging. I think there are still gains to be had in Russia and Brazil in particular. Im not sure about the very near future and how this whole credit thing will play out but a year from now the market will be back if anything does happen. This fund does alot of leveraging so the highs will be higher and the lows lower. So if you think you cant handle that may be you should switch to a non ultra fund. thats just my opinion but I dont know anything just like anyone else.

alra,

You have to remember that this will happen and you can't just leave because it turns in another direction. I have lost hundreds of dollars on mutual funds but I stuck it out and the market recovered. From looking at the graphs it looks like its been going up (as of Sept 07 it was had 67% this year!) I'm not sure what you're talking about, but I wouldn't sell because of a 2 week downfall. Mutual funds are a long term investment.

qk

UUPIX has doubled in past yr. don't know when you bought it. Not sure as to why you are concerned. But if your goal was to invest and its now worth 30,000 ( since 15000) was minimum)! the $ 75 is nothing compared to your profit. You can take your money off the table and just reinvest since you have done so well.
But in the long term you should do very well, if you stay put and invested there. That's not to say that the mardet could tank and you lose your double for a period. Since this fund only started in 2006, no track record and from history, these funds could tank for a period.
Sometimes a hard choice especially when you have doubled your money in a short time.
If you withdraw it and then reinvest then at least you have a definite profit but where else to invest your profit? Choices....
Good luck

CCB,

I think he/she got caught up in the dip in mid-Aug and panicked, then missed out on a huge opportunity.

http://finance.yahoo.com/q/bc?t=3m&s=UUPIX&l=on&z=m&q=l&c=

Good point Dingobiscuit, I should have looked at the post date, but the slight drop was small, and hopefully there was not a sell.
But a point well taken about investing, the losses and profits are all part of the game. Stay within your investment philosophy as these funds will test your resolve and decision making skills in this matter. If you overreact to every market burp then perhaps you are not invested in the right vehicle. Its good to accept the reality of knowing when to sell when you have given a fund a reasonable time to perform when compared to the market, but also to know when to stay put in order to give a fund time to perform over a period.

UUPIX was a nice call for someone and that is the problem with my investment style as I tend to stay away from new funds and miss many of these surges.....Oh well!

I will watch it now! But could it do 200% gain in another year.....Perhaps still more upside but so much in so short a time, I would be inclined to wait until I see some selling off of the fund, if it ever happens!
Good luck

UUPIX slipped way under my radar, too. I am still long PRIDX and have some overseas exposure in my 401(K), but I took the plunge and cashed my my CEE after taking in a 21% gain after a several months. I kept it risky and stuck it in some investment grade corporate bonds. :eek:

Not a bad return for a several months. I use CEE to help predict how my TMRFX and EUROX are doing, they track pretty closely and all continue to do well. I like those 2 based on their track records and will see how all three make out to further assess over time. I'm not sure about investing in corporate bonds but it depends on where you are in your retirement planning and the returns. I still need alot of growth and really need to try for the investments to double within a 5 yr. period which seems to be realistic right now. But like everything, never any guarantees, but at least there is potential.

I hear you.

The CEE was in my Roth and I wanted to transition some of my funds where they would be the most tax-effective in the long run. I have a lot of growth-earning equities in my Roth and my dividend/interest-bearing equities in my taxable funds and am slowly trying to reverse that to a large degree. I also had (and sold) KIE (KBW Insurance ETF ), which I had predicted to do well with a slow hurricane season, but that did not pan out and these terrible fires in CA won't help in the long run with insurance companies, in my opinion.

I used the funds from both of them to buy some investment-grade bonds that are both paying out over 13% and were bought at a decent discount. Now, the companies just need to stay in business! :eek:

Out of curiosity, how is your investment in high grade bonds doing, the one with the 13% dividend ? I am curious to see how your prinicpal is fairing given the market. I am interested but have always worried about the prinicpal and having it tank, but then again if you get your dividend, maybe the world is right!
Thanks for sharing your investment ideas.
I am not looking to criticize here, just learn!

CCB,

They are doing pretty well overall. At the markets' high, they were up about 15% from where I had purchased them, but now they are about even, which is good, because I have them for the long haul, and only look to make any capital gains when the bonds are called or mature (although anything over 20% very short-term will probably be liquidated and redistributed, depending on the company's standing and remainder of bond life).

I am eyeballing a particularly good one that I want to pick up after I get my check from my Fidelity sector funds that I finally liquidated. Hopefully by Thursday/Friday.

This method is combining fixed income with an aggressive touch. I am making over 13% in interest even with factoring in my 2001 I-bonds, which bring more stability to the overall mix.

I am curious to see how your prinicpal is fairing given the market. I am interested but have always worried about the prinicpal and having it tank, but then again if you get your dividend, maybe the world is right!
As long as the company doesn't default or go bankrupt, all is good. You buy at face or discount and make a hefty interest payment over 5-7 years (that's the range I seem to encounter) and reap the rewards.

I use Yahoo's bond screener to find what I like, use a few bond websites to track trading aspects, then go to Hoover's, Edgar online, ThomasNet, and/or PR Newswire for company news and financials for my homework.

Are you still in?

Articledon,

The OP never logged back into the system after posting.

If you are asking me about the bonds, I am still in. Just purchased some Burlington Coat Factory notes not too long ago.