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If you're holding 100 shares of something as an investment and it takes a 20% hit for a time and to be safe you exit out of it while it is 20% down then you have solidified your loss. If you hold it however and it rebounds then the loss was never realized even if you end up in the same place.
It's gonna depend on the fund's plan of course but by and large I would say no. When things are down it's time to buy more.
Remember, sell high, buy low. Unless you have lost confidence in an investment or need the money out for whatever reason selling low is the opposite of what you should do.
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-The Mikester
I heart Boobies
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