Is this a good mutual fund to have? Franklin Templeton Class C founding funds?

Pfizer Inc. = 1.77%
Tyco = 1.33%
News Corp = 1.23%
Merck and Co. = 1.17%
Berkshire Hathaway 1.12%
Microsoft, Time Warner, Bell South, American International Group, and Royal Dutch Shell PLC all approx = 1%.

I started with 10 grand in this fund. After some ups and downs I was ahead $300 and I had a feeling to pull the money. I bought at $14.30 a share and yesterday it dropped 26 cents to $13.87 and after today it will probably drop another quarter. Should I worry that I am now down approx. $400 and after today I will be down more than $500. Can I get some advice

A mutual fund is meant to be a long-term investment; many funds have penalties if you sell them within a stated period of time. Generally, C shares have a 1% penalty if sold within a year of purchase.

Did a broker sell you this fund? With a C share you are paying a 1% annual commission -- it's built into the expense of the fund. So if a broker sold it to you, you should get something for your money; call him up and ask questions.

If you are young and can leave the money invested, ignore the day-to-day changes in the market. Prices will probably fall further over the short-term but, frankly, if you're young, you can stay invested through a bear market, especially if the fund is paying a dividend, as this one must be, given the stock you say the fund holds. No one gets killed on a roller coaster unless they jump out of the car.