Rydex S&P mutual fund has gone down 3.35% today and looking at the fund's chart history, it seems that the fund has reached it's peak and will soon begin to drop. However, I will hold off on buying or selling any shares until I am certain that the fund will decrease in price rather than increase. My belief that the Rydex mutual fund stock may eventually decrease can be confirmed in the article "Rydex tightens belt; closes several inverse/leveraged ETFs" by Tom Lydon because it discusses Rydex' choice to let go of 12 leveraged ETFs that have not made any profit for the fund in the past two-and-a-half years. These ETFs could eventually hinder the fund's stock and cause it to lose profit. It is important to keep up to date with our investments because it will allow us to see how the stocks we invested in are doing and if we should continue to invest in these stocks because we will make profit or if we should sell our shares due to lack of profit.
~Courtney Chu~
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