You could sell Artisan and buy Master's Select International, keep your capital loss deductions and remain fully invested in a very similar fund. Some examples are in the chart. But smart selling can take some of the sting out of dumb buying. And it's a lot easier than hammering dents out of a new sports car. The funds at left were highly popular with investors the first quarter, but have swooned since March.
Possible replacements are at right.
Since March 31, with dividends, gains reinvested through Sept. 9. Lipper Investing appears Fridays.