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 absolutely brutal over the last month. The DOW has lost just under 5.5% over the last 30 days. It’s certainly taxing, and this is the time where an investor gets tested. My long-term view is unvarnished and I’m still set on my goals. My vision for my future is just as clear as it was last month before the dip.
I’m looking at the market dip as an opportunity to purchase and increase my holdings. In the meantime, my portfolio value has taken quite a hit, as many other investors’ portfolios have as well. In five years, this won’t matter. However, for this month’s report it does.
The current market value of the Freedom Fund currently stands at at $35,816.48 as of market open today. This is a very small increase from my last published value of $35,267.51. The only reason the value has increased is because of my additions to my Telefonica position and the initiation of a position with ConocoPhillips. If it weren’t for these purchases, the portfolio value would be down.
Overall, I’m very excited for the future. I’m actually glad the market dipped. I think equities were getting a little ahead of themselves and values were becoming hard to come by. I think values are a lot easier to find when the DOW is below 12K. My portfolio’s value is hurt, and my net worth statement isn’t as glorious, but that’s ok by me. I’m a net buyer, so a flat or declining market actually works to my benefit.We’ll see where the Freedom Fund stands next month.
How are your investments doing?
Thanks for reading.