Ok so it's only 3/9/2021. But after a Tech bounce back day today... I was curious to review my Total Gain/Loss column in Fidelity.
I made a fair number of adjustments at the beginning of the year and cleaned up my portfolio. I did a lot of research and used MFO Premium and read alot about the funds I was choosing in the discussion forum here etc.
It's interesting that the last funds I invested in this year are the ones that (while having a great day today) - are still YTD losers for me since purchase:
MACGX - 18.26%
In the case of MACGX - I seem to recall reading a post where someone suggested I should wait for a pullback before investing in. I should have listened to that advice. ARTYX and FSEAX - I found via this forum and felt like there will be an Asia rebound and shift towards Asia and EM in 2021. I still believe that will materialize.
MSEGX - I was just so impressed with the growth fund and the MS family - I wanted a position in it. I already have access and funds in FDGRX but I just wanted some money in MS growth. So - as I look at performance... the funds that I took a chance on... without having the strongest conviction ... are the ones that are trailing in my portfolio. I moved some funds to FBALX and they are about even YTD as an aside.
However, I think that long term... ARTYX and FSEAX will be positive for me - even if I bought at the high earlier this year. In the case of MACGX - I really bought at the high! I justified it after looking at a 153% return last year and 56% return the year prior. It's got a 10+ year history of strong performance. So, perhaps I have time to be rewarded, despite my untimely entry point.