The stock market selloff in March 2000 proved to be the start of a long decline. The final slump in March 2003 turned out to be the bottom of the bear market and a great time to invest.
So far the jury's still out on the selloff of March 2006. But if you see the recent falls as a buying opportunity, you might as well grab, say, 10% off, instead of 5%. A week ago, I predicted that market turmoil would throw out some great discounts in the closed-end funds, and so far this has proved correct. To recap: Closed-end funds are professionally managed investment vehicles, much like open-end mutual funds, except that they issue only a fixed number of shares. People who want to put money in, or take it out, have to buy or sell those shares on the market as they would stock in a company. The bottom line: When the market tanks, those shares can fall well below their investment value and give you a bargain. Looking to put some money into the China region following the turmoil of the last two weeks? Take a look at the (CHN Quote)China Fund (CHN), which is independently managed and one of the longest-established U.S. vehicles for investing in the area. Since the end of January, the net asset value per share -- in other words, the underlying value of its investments -- has actually risen 55 cents to $35.14, as of Thursday's close, according to calculations from Nuveen Investments(JNC Quote).- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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37.61
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