Thinking of incurring short-term redemption fee on recently purchased mutual fund

Hello,

I bought FNCMX, a Nasdaq fund 5 weeks ago. The short term redemption fee is .75% and I would incur this cost if sold within the first 90 days.

I know mutual funds are meant to hold but I only have a couple thousand dollars free right now to buy on a dip and I'm tempted to sell as a correction feels more possible than more gains.

I feel that taking the $250 loss at this point is worth having the $3000 to work with again, thoughts?

Submitted September 14, 2016 at 11:33AM by cmanhkert http://ift.tt/2cxasJX