Back in his younger days, before he became a political meddler and was just a shrewd, savvy trader, Soros used to say, “Invest, and then Investigate”, a bit of wisdom that is echoed in the saying, “If you want to know how the ponies are going to run, you gotta place your bet,” which is echoed by Talib’s insistence on “skin in the game”.
All of that is preface to this. There are roughly 218 mutual funds that have $100 (or less) initial investment mins AND no ST redemption fees. Some are leveraged. Some are inverses. Some cover the usual ‘style-cap’ nonsense. But some cover the major US equity indexes, the key industry sectors, the $US dollar, and a few countries. In short, with them, it’s possible to make bets on pretty much everything that needs betting on. I ran a scan just now, and nothing popped up as a timely buy. But that doesn’t mean I’m not going launch my campaign this Monday anyway, and one of the funds I’m looking at is RYMFX.
Standard Caveats: If you’ve already got an investment plan in place and don’t need distractions, then ignore this thread. But mutual funds are so retro that they interest me, and I’m going to see if I can’t make some money with them using HA Smoothie. Also, 218 funds is too many to hand-chart. So I need to cut the list down hugely to just a manageable few. So that’s where some of the rest of my weekend goes. As always, if you’re inclined to tag along, do your due-diligence. Pull prospectuses and fact sheets. Chart what you buy before you buy. Set cut-loss points, etc. You know the drill.