Double whammy

With Friday’s market, most of us had a bad day. Those of us in Canada lost an additional 1% with the USD drop. Ouch. The USD will bounce back eventually, that’s not a big deal.

I’m feeling a little beat up with MSTY, less so with ULTY and YMAX. I’m not convinced MSTY has what it takes to be a longer term income fund if the capital keeps dwindling like this. Approaching its 52 week low in the recent market isn’t a good thing.

While I understand it’s not a growth fund, I should not be a loss fund… an my limited experience is making me believe it is.

Tell me I’m wrong. How can MSTY recover some value and be somewhat stable? Or is this just the wrong fund for me?