I have 10k invested in WWNPX, this mutual fund is 62.45% invested in financials.....?

about 10% in utilities, 8% energy and the rest is broken into consumer services and goods, media etc.... My concern is that it is so heavily invested in Finacials, since I bought the fund I have lost only about 600$$, I bought it in mid July..when the stock market was at its peak..I know bad timing. So should I cut my loss and invest in something else? Or do you think this sector will bounce back soon. Thanks for reading

You are down only 6%. The financials are taking a beating for sure. Some of it is panic selling and some of it is uncertainty. It may get worse yet, but heck the whole market is down. If you do decide to withdraw your funds just to buy something else, you might suffer even worse than you are now. In my mind there is only one or two investments that might be better oil and t-bills

Overall, this is a pretty good fund. I do not own it, but I do own some Citigroup. I am not selling. If you are in this for the long haul, just let it ride, give it a year or 18 months. I assume that this is just one part of your overall portfolio.

The average investor, in the past 20 years, has made 3% annual average return. The S & P 500 has averaged somewhere between 10-13% annual average. Are you chasing returns? Trying to time the market? Investment success is not about "timing the market"; it's about "time in the market." Stop playing with it and talk with a professional about what you should be doing. Also, get the books: Personal Finance for Dummies and anything by Ben Stein. I won't read about your job for a few minutes and think that I can do it well. So, you shouldn't read for a few minutes and think that you can seriously manage investing, unless it's money you can afford to lose. Talk to a professional.

The expense ratio is a little high. But it has done very well in the long term and Morningstar ranks it five stars. I would hang tight, and buy more or diversify into other asset classes. People always panic and sell when the market is down, then lose money. They should panic when it goes up fast.

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RULE OF 72
5000 @ 12% a month = 1.6 million in 4 years. 19 million in 6 years.