Hi, Tom. I was thinking.... (dangerous). I've had a mutual fund account with Invesco for a number of years now, and have three funds which I add $100 to every month automatically on the same date. These funds are FIDYX (dynamic), FEURX (European), and FSFLX (Total Return). Well, the Europe fund is getting real close to 10K now, and I have been considering stopping the $100 investment into this fund, putting the money into their money market fund, and turning the fund into an AIM account. As the other two funds get to the 10K mark, I would like to do the same thing with them. Any thoughts on how to set things up on Newport? Do you think that this would be a good idea? Remember I've been dollar cost averaging into these funds for years, at all different prices. I have the cash on hand (but not necessarily in this account) to do some buying if necessary, so I wouldn't be putting the 33% into a cash reserve right away. Have you ever given any thought to this approach?
Thanks,
RFH |
