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.
With the S&P experiencing a late year-end rally as Santa brings Wall Street cheer and joy, my portfolio has responded in kind. In the end, I’d actually prefer a flat market for the next 10 years as I am currently in accumulation mode; I’m a net buyer of stocks. I may be in the minority with my opinions, but a larger brokerage account only serves to make my net worth statement look better. When a market is up I can purchase less shares with my reinvested dividends and fresh capital. I’m hoping for a market downdraft before the end of the year!
I made a few changes to the Freedom Fund over the course of November. I made three purchases, and all were new positions for me. I initiated stakes in General Dynamics Corporation (GD), Medtronic, Inc. (MDT) and Vodafone Group PLC (VOD) (ADR). I’m excited about these new positions and the diversity and quality they bring to my portfolio. I think all three are strong businesses, and leaders in their respective industries.
The current market value of the Freedom Fund stands at $51,379.60. This is a nice increase since the last published value of $47,169.26. This increase is mostly due to my recent purchases.
I’m invested in 21 positions total. I have not sold any equities in the last month.
Overall, I’m excited to post this update and I’m looking forward to what the market will give us in 2012. I think my portfolio is really starting to take shape in terms of diversification and quality. I’m just giddy over the fact that I crossed the $50,000 mark before the end of 2011. I had a little goal in my head to cross the $50k mark before the end of the year, and with purchases coming up in December I’ll be well over that. Although the value of my portfolio doesn’t matter as much to my financial independence as the dividends and passive income do, it’s still nice to see myself building positions and expanding on my overall wealth.
This will be my last Freedom Fund update for 2011, as the purchases I make in December will be reflected on my next update in early 2012. It’s been a wonderful ride, and I thank everyone for their support!
I hope all my readers are experiencing progress with their individual portfolios. I wish you all continued success!
Full Disclosure: I’m long MDT, GD, VOD.
Thanks for reading.