Should I sell my European fund?
Q – I am turning to you in the hope you are able to offer a suggestion concerning one of my RRSP funds. (My financial adviser has not offered any guidance.)
You recently recommended a “sell” for Mackenzie Universal European Opportunities Fund. I presently hold the RRSP version in my portfolio and the losses to date amount to over $1,800. Should I stay with this fund in the hope it recovers in time or accept my loss and switch to another fund? I am 60 years old and looking to retire in 3 – 4 years and every cent counts. – C.M.