I would like to pick everyone's brain a little on evaluating mutual funds. The basic question is: Should I sell and seek a better opportunity or stay put based on past results? Of course we know that past results is no guarantee of future performance, right? 
The fund I am considering is AIM International Equity Class A (AIIEX). It was started in late 1992. I bought $13,800 worth of it in March 1994. After 12 years, it is now worth over $40,000. I have weathered the severe downturn of 2002. It dropped to $15 a share NAV. It is now at $30. The expense ratio is about 1.84. So, it isn't a cheap fund; but the returns have been good. In 2006 it returned 27% including reinvested dividends.
What do you think? Is international ready for a correction? It's NAV is at an all time high. How would you make such a decision? Would you look at the holdings? the manager? Lipper likes it except for the expenses. Morningstar likes it, too.
Comments...........
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OkieTexan
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