It's been rough sledding lately for many mutual funds. August outflows from U.S.-focused stock mutual funds will be around $9 billion, according to a TrimTabs Investment Research forecast. That follows a July in which the average U.S. stock mutual fund lost 3% in total returns. And the big names aren't immune, either. The storied Legg Mason Value Trust Fund (LMVTX) -- whose top 10 holdings include Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Qwest (NASDAQ:Q) -- has lost more than $900 million in the first part of the year. And Legg Mason (NYSE:LM) investors pulled roughly $7 billion from its funds between April and June 2007. So is it time for you to sell your fund? In this installment of Fool Video, I ask Motley Fool Mutual Fund expert Shannon Zimmerman.
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Sell Now and You'll Only Have Yourself to Blame
Got a comment or suggestion? Email us at [email protected].
Neither Mac Greer nor Shannon Zimmerman owns shares of any of the stocks discussed. Amazon.com and Yahoo are Motley Fool Stock Advisorpicks. The Fool has a disclosure policy.
For more Foolish fare:
- Sell Now and You'll Only Have Yourself to Blame
- The Best Buying Opprtunity in 12 Years?
- Warren Buffett's Favorite Stocks
Got a comment or suggestion? Email us at [email protected].
Neither Mac Greer nor Shannon Zimmerman owns any of the stocks discussed. Amazon is a
Motley Fool Stock Advisor
pick. The Fool has a disclosure policy.
- Sell Now and You'll Only Have Yourself to Blame
- The Best Buying Opportunity in 12 Years?
- Warren Buffett's Favorite Stocks
Got a comment or suggestion? Email us at [email protected].
Neither Mac Greer nor Shannon Zimmerman owns shares of any of the stocks discussed. Amazon.com and Yahoo are Motley Fool Stock Advisor picks. The Fool has a disclosure policy.
