Hi friends! Welcome to Better Have My Money, my Monday night newsletter about stocks, investing and money emotions. Lovely reader Charlotte wrote in recently with a dilemma: This is a silly question, but I am trying to be shame free. I have owned shares in a mutual fund that my Dad chose for me about 15 years ago. He died six years ago, and ever since then I have hung on to them, knowing that I should probably evaluate whether this is a good investment still but not quite sure how (I think a mutual fund is a good idea generally, but I am not sure whether this particular one is doing well). While I have reinvested the dividends, they're so minimal that it's pretty irrelevant --- the issue is the value of the shares. This is so basic, but can you talk me through how to tell how it's doing? And how do I find information about how competitors have done over the same period? How far back should I go to try to judge how it's doing now?
🥳Fund times ahead 🥳
🥳Fund times ahead 🥳
🥳Fund times ahead 🥳
Hi friends! Welcome to Better Have My Money, my Monday night newsletter about stocks, investing and money emotions. Lovely reader Charlotte wrote in recently with a dilemma: This is a silly question, but I am trying to be shame free. I have owned shares in a mutual fund that my Dad chose for me about 15 years ago. He died six years ago, and ever since then I have hung on to them, knowing that I should probably evaluate whether this is a good investment still but not quite sure how (I think a mutual fund is a good idea generally, but I am not sure whether this particular one is doing well). While I have reinvested the dividends, they're so minimal that it's pretty irrelevant --- the issue is the value of the shares. This is so basic, but can you talk me through how to tell how it's doing? And how do I find information about how competitors have done over the same period? How far back should I go to try to judge how it's doing now?