My mutual funds keep going down.?

Question

I live in Canada.

My mutual funds keep going down.

I am a long term investor, meaning I plan to keep my funds for at least the next 15 years.

I just want to know is it true that I will make more money in the long run if my funds go down, then come back up because I will own more units?

Answer 1

You are likely to make money in the long run, but there is no guarantee. It is possible (but unlikely) for the value of your mutual funds to continue dropping for 20 years.

The odds are that you will make money in the long run, so you should continue investing.

Answer 2

You won't own more units just because the price is going down.

You will only own more units, you keep on investing the same amount of money into the fund, every month. This method of investing is dollar cost averaging.