PPRCX: HEATING UP WITH HIGH RETURNS

October 11th, 2007 • Related • Filed Under

It’s not often you come across a hot play that is affordable and has great upside potential. Since recommending PPRCX 6 months ago back in February at $15.37, this fund has soared to $18.46 — yielding a 20% gain YTD. Personally, I bought in a tad bit earlier and my investment is reflecting a 29% return YTD.

Most of you are thinking one of two things right now which include the following: Can I still buy in? Or Should I cash out and reallocate?

I’ll get right to the chase; honestly I don’t think it’s too late to buy. Mutual funds are not to be traded like individual stocks. At a minimum, you should stay in for at least 12 months before dumping it. This specific fund is great for a long term play and is on its way up. I will probably hold it for another 12-18 months then sell and take profits.

For you long term holders out there, keep in mind this fund’s three yr. return is 32% — which is phenomenal. Best of luck and do not hesitate to throw me any questions or concerns. Until next time!

Cheers,

Anthony M. Colasanto

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