Sunday, July 3, 2011
Freedom Fund Update - July 2011
Well, the time has come to update the Freedom Fund once again as we start another month. The Freedom Fund is my portfolio, and I think it's aptly named. My portfolio is my way to freedom; freedom from working at a job I don't enjoy to purchase goods I don't need to impress neighbors I don't care about.
The market has been up and down over the last month, as it always is. The general gyrations of the market do not really phase me. I don't generally get all that excited on big upswings or downtrends. For the most part, I receive a large commission check once a month, and with that money I look for the best valued security that falls into my entry criteria at the time of purchase. To be honest, I don't even follow the market every day. I avoid a lot of the financial noise, because I'm completely secure that the path I am on will lead me to financial independence.
Things haven't changed in my portfolio very much over the last month. The market seesawed for most of the month before skyrocketing at the end of June, just as July started. Some of my positions are down slightly, while others are up a bit. The main difference in my portfolio's value came from my recent purchase in Intel. I feel really good about that purchase and am convinced it's a great long-term value play.
The market value of the Freedom Fund currently stands at $35,267.51. That's an increase from the last published value of $33,613.91. Again, this change in value is mostly reflective of my recent purchase in Intel.
Overall, I'm very excited with the continued progress of the Freedom Fund. I feel that I am managing it to the best of my capability, seeing as how I have limited resources on a middle-class income. I am strongly convinced that my plan of living frugally and maximizing monthly additions to my investments will ultimately deliver me flexibility and less worries down the road.
How are your investments doing?
Thanks for reading.