Monday, September 5, 2011
Freedom Fund Update - September 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 all over the place lately. This past Friday seen a 2.2% drop in the DOW, and it seems like large jumps and drops in the market are a daily part of life lately. The volatility in the market is in direct correlation with the volatility in the overall economy. Every week seems to produce different stories about where we are headed. Unemployment is down, then it's up. Houses are being sold just before additional foreclosures deluge the the market. The talking heads are like bobbleheads....it's yes, then no and then sideways.
What do you do? Well, you could do like me. Every month I continue to spend much less than I earn and invest the difference in wonderful companies that produce products people continue to need. That is, to me, the true way to wealth. I'm pretty good at saving money and wonderful companies are pretty good at growing that money for me. I do my thing, then I let them do theirs!
The current market value of the Freedom Fund stands at $37,453.44. This is a large increase from the last published value of $35,816.48. This increase is due to my recent buys in Chevron and ConocoPhillips. As I stated before, my energy buys are likely done for a while as the energy sector comprises almost 25% of my portfolio. I still own 17 positions; this is unchanged since my last publication.
I'm excited about the way my fund is progressing. My monthly contributions through thick and thin is a hallmark of my investment philosophy. As those monthly contributions start to add up I feel blessed. I'm nearing the $40,000 mark and I feel, outside a major economic collapse, I'll eclipse that mark before the end of 2011.
How are your investments doing?
Thanks for reading.