After doing lot of research I am thinking about buying PSPFX. What do you think? Is U.S. Global Investors Global Res (PSPFX) good? I opened account with Fidelity.
2007-03-27 13:24:34 · 4 answers · asked by __HELLO__ 2 in Business & Finance ➔ Investing
Why Fidelity? More flexible at schwab.com + no fee buy there as well. Ok fund but don't buy any more than this 1 time & not $4k worth. You diversify in an IRa; you don't buy same thing every yr. Resource funds have had a big run so past research far less important than building diversified portfolio. Buying the closed end fund GCS cheaper in that sells for a discount to asset value + trades on nyse. Same kind of holdings. Again - should be building to reach in 4-8 yrs 25% Big Cap US 25% international 25% Mid cap 10% Small cap+special situations (would incl this) 15%. 100 GCS + 150 ADX (another solid closed end at over 11% disc to market) would be a good 1st yr. EWa (Australia) + 100 PWT (small cap etf) a possible 2nd or 100 GAM. Your investment is not going to be this 1 fund so no need to research heavily especially when performance based on being in a hot area at the time. Feel free to contact me via answers or vegas_iwish@yahoo.com for more info. Don't get started in the wrong manner as slows momentum
2007-03-27 13:42:22 · answer #1 · answered by vegas_iwish 5 · 0⤊ 0⤋
I too like energy and this fund is loaded with energy stocks. Has a low expense ratio. There is a great deal of specific risk with this fund because of its concentrated portfolio. You want to live with that? Now, it does have a minimum $5,000 investment according to Yahoo. Have you combined last years contribution with this years to get over the $4000 annual contribution?
I have somewhat broader investing mutual funds in my IRA accounts, but I am not you. I am certainly not adverse to specific risk, but you need to be very aware of it and understand it. It can work for you or it can work against you. My specific risk investments are outside of my IRA accounts. I learned that lesson about 10 years ago when I took a bad hit on the IRA accounts trying to make a killing.
2007-03-27 20:50:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Any fund like this needs to be only part of a balanced investment approach. I dont know this fund, but in general the issue with funds is the expense level. Watch carefully. Also look carefully at the exact stocks it owns and make sure it passes the sniff test.
2007-03-27 20:33:36 · answer #3 · answered by Boatman 3 · 0⤊ 0⤋
PSPFX has been trending downwards since it's peak a year ago at about $19
http://finance.yahoo.com/q/bc?s=PSPFX&t=2y
but perhaps your are aware of something special in their holdings ?
Maybe it is the suncor or mcdermott holding them back ? due for changes ?
http://finance.yahoo.com/q/hl?s=PSPFX
2007-03-27 20:37:54 · answer #4 · answered by kate 7 · 0⤊ 0⤋