Tuesday, November 1, 2011
Freedom Fund Update - November 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 S&P 500 is up 10.77% over the last 30 days, but today's precipitous drop of 2.47% put a damper on the recent rally the market has been experiencing. This also put a damper on the total value of my Freedom Fund. That's perfectly ok with me, and I actually hope the market continues to fall back a bit. I think things were getting a little heady when the Dow Jones Industrial Average eclipsed 12,000 points recently and I think the market is getting a little ahead of itself on the overall excitement and anticipation of a debt deal in the Eurozone.
I made a few changes to the Freedom Fund over the last month. In October, I sold my holdings with Harleysville Group Inc. (HGIC) after it was announced they were being acquired by Nationwide Insurance. I reinvested those funds into holdings with Aflac Incorporated (AFL), Philip Morris International Inc. (PM) and ConcoPhillips (COP). A short time after those purchases, I also invested fresh capital into Harris Corporation (HRS) and PepsiCo, Inc. (PEP). All in all, it was my busiest month of investing in a long time, and I rarely have this much action in my portfolio. I plan on things being much more quiet over the next few months.
The current market value of the Freedom Fund stands at $47,169.26. This is a very large increase since the last published amount of $40,298.47. This large change in value came from not only my purchases but also the large upswing in the overall market.
I'm still invested in 18 positions. This is unchanged from last month. I sold out of a position in HGIC, but initiated a new position in HRS.
Overall, I'm very excited to post this update. I'm really starting to see the progress take form. On my last Freedom Fund update last month I was excited to finally pass the $40k mark and I'm hoping that I'll be able to pass the $50k milestone before the end of the year. That would be far ahead of where I thought I'd be by the end of 2011. I feel blessed!
I just wanted to say thank you to all of the supporters of Dividend Mantra. The people who read, comment and share make the time I spend keeping this site updated all worth it! Thank you so much.
How are your investments doing?
Full Disclosure: Long AFL, COP, PM, HRS, PEP.
Thanks for reading.