Quote:
Originally Posted by sammyg2
It's all about timing, take a look at the fund when they bought it (2008) and where it is now. It took a HUUUUUUUUUGE dump in 2008 right after they bought it and never fully recovered. it's been doing OK for the past 2 years but before that it totally sucked.
There are a go-zillion different mutual funds out there, most do well. Some do not.
Is your neighbor managing this for themselves? If so, I suggest they consult a pro.
If they are working with a pro and this is the result, that advisor belongs behind bars IMO.
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Damn you Sammy. I was about to post the exact info but from Yahoo.
It is a load tax free muni bought just before the crash. My chart is the high yield fund
https://finance.yahoo.com/quote/ORNAX/