Quote:
Originally Posted by Michael
But It sure is exciting!
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For the strong at heart, the Index funds are selling at low prices in view of the downward trend of the market. The IBTC ethical fund for example is selling todat at N1.97. This is lower than its opening price for the year.
Some writers argue that buying mutual funds in a down market is a good strategy unlike buying individual stocks. This is because mutual funds are sufficiently diversified not to fall to zero and will move up if market starts moving up.