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VGENX.....Time to buy?

Posted on 1/5/15 at 4:19 pm
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 1/5/15 at 4:19 pm
I just started my Roth with Vanguard about a year and a half ago. Had it all in a Target Retirement Fund because I'm more volatile and diversified in my 401K. My question is should I sell some of my TRF and buy some VGENX right now with crude oil prices dropping below $50/barrel. Or wait and see how low it can go? If I do this what kind of fees would I be looking at with these trades?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/5/15 at 4:22 pm to
I'm waiting. Might jump into VDE later.
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38741 posts
Posted on 1/5/15 at 8:01 pm to
$7 a pop on Scott trade.

And yeah, I just funded my IRA for the year. I'm buying some energy fund in the next few days...

I have a thread going where I was looking for other energy funds to look at but VGENX seems to have the best no load management fees and is deeply discounted.
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 1/6/15 at 8:41 am to
I'm with Vanguard so it might be even cheaper. This is my first time taking a risk with something like this just not sure how long to wait to buy or wait to sell when it goes up to a certain price point in the future?
Posted by Clyde Tipton
Planet Earth
Member since Dec 2007
38741 posts
Posted on 1/6/15 at 9:09 am to
Disclaimer: I'm not a financial adviser, expert, or even remotely clued in.

That said...

quote:

This is my first time taking a risk with something like this just not sure how long to wait to buy or wait to sell when it goes up to a certain price point in the future?


I buy mutual funds to hold. Right now is just a good time to get in because you can buy at prices you missed years ago. This is just a good fund to stash money for retirement.

If you want to be speculative and buy and sell multiple times when it goes up then you should look at individual companies. When you buy these funds there is a disclaimer about not trading them frequently. They will black ball you and not allow you to purchase them again. Although I think they technically only require you to hold them 90 days or so...

Someone else chime in... I may be off with those statements.
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 1/6/15 at 9:32 am to
I would definitely hold it for longer than 90 days. Probably wouldn't hold it for a long period of time due to Annual return reaching no higher than 8%, just looking to capitalize on the short term fluctuation.
Posted by keakdasneak
Member since Dec 2006
7137 posts
Posted on 1/7/15 at 5:52 pm to
I would love to hear opinions. Is this the floor?
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12577 posts
Posted on 1/7/15 at 5:58 pm to
I don't think.
Posted by Iosh
Bureau of Interstellar Immigration
Member since Dec 2012
18941 posts
Posted on 1/7/15 at 7:34 pm to
quote:

I would love to hear opinions. Is this the floor?

If you have to ask, it isn't.
Posted by MSH
America
Member since Oct 2014
2785 posts
Posted on 1/7/15 at 8:22 pm to
For later use.
Posted by Jawja_Joe
Member since Sep 2014
1386 posts
Posted on 1/7/15 at 9:11 pm to
I'm waiting for oil to hit a resistance level and tick up a couple bucks before taking a long position in XLE.
This post was edited on 1/7/15 at 9:13 pm
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