Lets say I think a specific Index fund/Mutual fund is a good potential investment e.g. VHCOX, given its high growth rate in the past one year.
Does it matter at what time I make the initial investment? Should I wait for entry till its trading a little lower in the near-term? Or does that have no impact if the intent is to hold it long-term and its best to jump in once the decision to invest is made?