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Interested in thoughts on TGLDX

StaircoinsStaircoins Posts: 2,566 ✭✭✭
in Precious Metals

I'm interested in hearing thoughts on TGLDX. Morningstar still rates the fund highly, and it's had a few years of pretty decent performance, but of course that's no guarantee of how it will behave going forward. The last few months have been pretty rough for miners, and this fund is no exception. I bought in to this fund in January, and it's dragging my portfolio down. I'm trying to decide whether to bail out and cut my losses, or hang in there and see if it turns around.

Top 10 holdings, which make up just over 43% of total assets, include:

Physical gold 7.21%
Goldcorp, Inc. GG.TO 5.67%
Oshkosh Corporation Common Stock OSK 4.57%
NEO material Technologies Inc NEM.TO 4.10%
Eldorado Gold Corp Ltd Ordinary EGO 4.09%
Gold Resource Corp GORO.TO 3.99%
Silver Wheaton Corp Common Shares SLW 3.97%
Randgold Resources Limited GOLD 3.45%
Royal Gold, Inc. RGLD.TO 3.31%
Franco Nev Corp Common (Canada) FNV 3.10%

Comments

  • tneigtneig Posts: 1,505 ✭✭✭
    With your portfolio, I'd be asking your advice. It looks ok over time, but thats all I know. Since you came in while it was already going down, the loss is no so great. Unless you see any reason for it to have a short term recovery, you know its going to take some time to recover and then go back to the plus side. You already have two of its holdings so why dbling up if its not great. If it fits into your long term plan ok, but you don't like its short term. You already know what you want to do, so why drag it out an watch it go lower. Should be combined with a plan already for what to do with it once you take it out. Don't know what the % of holdings that is, but put it in something different during a depressed time.
    COA
  • StaircoinsStaircoins Posts: 2,566 ✭✭✭

    With your portfolio ...

    I should clarify - the top 10 holdings listed are the top 10 holdings of the Toqueville Gold Fund (TGLDX). Those 10 assets together comprise just over 43% of the fund's assets, not mine.

    (In the interest of full disclosure, in case it matters, I have about 6% of my liquid assets in this fund, with the balance well diversified in various other assets - some physical and some paper.)

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