No. of Recommendations: 1
A unit investment trust has a termination date, usually not too far away. If you sell shares back to Van Kampen, they will pay you less than net asset value which will compound your problem. If you aren't sure, read the prospectus, or if you lost it, ask the broker who sold it to you when this trust terminates. Usually those are just a year or two. You already paid the front end load, and if you wait until it terminates you should get net asset value.
Probably best is ride it out. And you have learned not to do this again.
Actually the strategy isn't that different from the Foolish Four. Historically it does well but last year and early this have been exceptions.
Keep foolin'! Chris
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