Ok, I am about 22 and am clueless about the stockmarket. I just recently found out which things I'm invested in, and they are all mutual funds. It is a pretty significant amount of money, and I have recently lost over 25% of its former worth. Should I be diversifying? I have no clue...My father had been using a Merryl Lynch guy who sends us monthly updates, but doesn't advise us (as in, sell now). I don't know if I should ride it out, get one of the guys that calls you everyday with tips or what. It is a nest egg, however and is worth protecting. Any advice you can give me is appreciated as I truly know very little. Here are some of the Mutuals: Alger Balanced Portfolio Class B (ALGBX), Alliance Growth Fund Class A (AGRFX), Davis NY Venture (NYVBX), Dreyfus Premier Tech. Growth (DTGBX--a real killer), Oppenheimer Quest Balanced Value Fund (OGRCX), and Pimco Growth Fund Class C (PGWCX). Any advice appreciated......


Newbie