no-load fund

Should I sell it and switch to a no-load fund?

If you think the fund can do that, and that no comparable no-load fund will do as well, then paying the load may make sense.

Mark Salzinger of the No-Load Fund Investor newsletter noted that an investor who is feeling nervous “probably should lower his equity allocation; his current allocation may be too aggressive for his psychological makeup.”

“It’s too late to sell, yet the supply/demand fundamentals imply that it’s too early to buy,” said Mark Salzinger, editor of the No-Load Fund Investor newsletter.

The beneficiaries would probably have been better off in a cheap no-load fund from Vanguard.