The risk is FUM will drop more. So it is a gamble. Sadly this is also happening in a time of pessimism about growth stocks and massive market volatility from an irrational fear of a US rate hike ( the alternative of none would be an economic collapse) . Further the first hike in March comes after a slide in US economic activity due to the omricon mess. I think things will slide further before they get better in the next few weeks. However timing when to buy is difficult and if you are prepared to wait five years it probably does not matter. You could decide to buy in parcels and average down if its falls. Its a personal risk assessment. Interesting to note that historical US charts show things settle down six months after the first hike . Hopefully we will see this in the US especially given the small size of the total hikes expected and expected resumption of its very positive economic growth on the other side of the Omricon peak .
MFG Price at posting:
$20.37 Sentiment: Hold Disclosure: Held
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