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11-07-2009, 09:18 PM
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Mutual fund up 116.43% in 1 year!
I just checked the performance of one of our funds in order to respond on another thread. Our gold and special minerals fund (OPGSX) is up 116.43% for the year ended 11/6. I've been investing in mutual funds since 1992 and that is by far the best 1-year performance I've ever seen. The previous best was about 70% a number of years ago for HRTVX.
I only wish we had a larger position in this fund. It is in my wife's old 403b plan but she is no longer at that job and thus not contributing to that fund.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. 
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11-07-2009, 09:44 PM
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Just remember, the quicker they rise, the quicker they fall. Although it might continue solid gains, just be on the lookout for a rapid pullback/correction.
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11-07-2009, 09:54 PM
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Do you have control of OPGSX? Could you sell that particular fund and buy another product when this gold price bubble breaks? If so start researching where to go next.
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11-08-2009, 06:59 AM
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Quote:
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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11-08-2009, 10:29 AM
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Congrats Steve, however if that fund had not been in a 403(b) there's probably no way you would be invested in it since it has a hefty 5.75% load.
The best fund I've ever had so far was T Rowe's Latin America fund (PRLAX) which is up 102.55% YTD  I'm contemplating pulling the trigger on that one, but I want that exposure in my retirement account.
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The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true. - Demosthenes
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11-08-2009, 05:31 PM
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Quote:
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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11-30-2009, 02:39 PM
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Rebalance...
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11-30-2009, 02:55 PM
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Quote:
__________________
Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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12-01-2009, 05:15 PM
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I love these returns! Gold is not a bad hold but I'd be loath to buy any at current rates.
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12-01-2009, 08:35 PM
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Regardless of the amount/scenario that return is fantastic and definitely something to be excited about. It makes you want to work just a little bit harder to find that next best stock or mutual fund!
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