Thursday, March 1, 2012
Freedom Fund Update - March 2012
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.
I feel extremely fortunate and thankful that I'm able to post these updates every single month which shows the power of monthly contributions to investments because of the high savings rate I maintain. It shows how a relatively large sum of money can be built through the power of time, patience and perseverance.
The markets continues a rocket-like ride to new highs. The Dow Jones Industrial Average closed over 13,000 points for the first time in 4 years this past Tuesday. An amazing ride, although one that is not without its gut churning moments as the markets slide up and down. It's one ride that I'm hoping has a slight dip in its near future. Due to the frothy markets, as well as my diligence in managing it to the best of my ability, my Freedom Fund has now climbed to all-time highs.
I made quite a few changes to the Fund since my last update in early February. I've made more moves than usual over the past month, as I believe it's important to keep an eye on positions and make moves when it's appropriate. I added to my positions with PepsiCo (PEP) and Norfolk Southern Corp. (NSC) earlier in the month, sold out of my Exxon Mobil Corporation (XOM) position, and initiated positions with Avista Corp. (AVA) and UniSource Energy Corp. (UNS).
The current market value of the Freedom Fund now stands at $62,145.02. This is a very large increase since the last published value of $57,730.84. This increase is due to the added capital at the beginning of the month, with which I purchased PEP and NSC shares, my reinvested dividends and the strength of the markets.
I'm currently invested in 25 positions. This is an increase since last month, where I was invested in 24 positions. This increase is due to the sale of XOM shares, and the new UNS and AVA shares to the portfolio.
I'm extremely excited, proud and elated to post this update for all my readers. My portfolio reached a value exceeding $60,000 much earlier than I had anticipated and I'm far ahead of my schedule to become financially independent by 40 years old. I'm extremely lucky to be employed in an environment that has historically high unemployment rates and making better money than average. I continue to try and manage this good fortune by putting away large amounts of my income for the future, as a form of delayed gratification.
How are your portfolios doing?
Thanks for reading.