I have $2.5k in a mutual fund that has a 30 minimum holding period - to avoid fees. It's been 30 days and I've netted about $150 on the position. I understand that the purpose of mutual funds is for long term investments. And I am interested in the long term investment.
However, if I wanted to sell and secure the $150 and immediately buy back $2.5k at a higher basis, would that be less effective than continuing to hold the position given the same scenario? Or does the higher cost-basis have far less effect than holding the original position?