Crash and Burn
In moving to Connecticut from Bermuda, I had to take an eight hour driving class to teach me the perils of drunk driving, texting while driving and being fatigued/distracted. None of that prepared me for the past week in the stock market or my MFI portfolio. I am now down 17% since I started this approach 6 years ago and am down a starling 25% this year.
And while the Chinese RTOs certainly aided my demise, the broader stocks get plenty of credit as well. Here are my non Chinese stocks:
| Symbol | Initial Price | Current Price | Avg of Gain |
| AAPL | $327.48 | $356.03 | 8.7% |
| AGX | $8.45 | $9.27 | 9.7% |
| ARO | $24.53 | $10.71 | -56.3% |
| AZN | $47.27 | $44.95 | 0.8% |
| BSQR | $6.44 | $4.41 | -31.5% |
| CHKE | $18.42 | $14.00 | -22.9% |
| CMTL | $26.61 | $25.19 | -2.5% |
| CSCO | $16.97 | $15.08 | -10.8% |
| DELL | $14.75 | $14.00 | -5.1% |
| GTAT | $10.65 | $10.32 | -3.1% |
| INTC | $19.12 | $19.19 | 3.6% |
| KLIC | $11.00 | $7.86 | -28.5% |
| MNDO | $2.72 | $2.11 | -10.7% |
| MSFT | $27.56 | $24.05 | -12.1% |
| NVMI | $10.52 | $6.26 | -40.5% |
| PWER | $8.53 | $6.62 | -22.4% |
| RTN | $46.83 | $39.87 | -14.9% |
| SNDK | $38.19 | $32.50 | -14.9% |
| SUPG | $2.85 | $2.18 | -23.5% |
| UNTD | $6.15 | $4.92 | -20.0% |
| VECO | $42.63 | $34.46 | -19.2% |
Other Metrics
As misery loves company, let us look at some other metrics, which show this isn't just about me. Here are all my open portfolios in my mfi tracking portfolios:
| 9/2/2010 | 2.1% |
| 9/24/2010 | -1.0% |
| 10/29/2010 | -11.8% |
| 11/26/2010 | -8.7% |
| 1/3/2011 | -14.8% |
| 1/28/2011 | -17.6% |
| 2/25/2011 | -17.1% |
| 3/24/2011 | -17.7% |
| 4/21/2011 | -20.4% |
| 5/27/2011 | -18.7% |
| 6/24/2011 | -15.9% |
| 7/29/2011 | -16.2% |
You can see that anything started in 2011 is down over 17%, while the broader market is down about 11.5%.
I hope some of you are following my "dividend approach". They have held up better in the downturn, and the dividend stocks started in 2011 are down "only" 7.5%.
Bottom Line
I haven't "given up". But I am starting to question the value and worth of my spending time and effort on MFI. I have a second portfolio that I own that I call my dividend portfolio. It is comprised of stocks and mutual funds and etfs that pay decent dividends (some of the stocks are MFI stocks). It is down about 6.8% for 2011 and I am strongly starting to lean towards putting more of my total portfolio there. I am almost 52 and I need to start favoring income over growth.
How is everyone else out there feeling?
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1 comment:
My last set of purchases had a slant towards dividends, partly because of your blog. I purchsed these as of April 1 2011, they are in two different accounts. That list, with dividend yields and results, which do not include any dividends, are as follows:
BMY 4.6
INTC 4.1
WMT 2.8
NOC 3.8
Total -4.41
CLCT 7.4
CMTL 3.8
EXPE 1.0
IDCC 0.6
IPCL 0
KLIC 0
NOK 8.1
NTRI 5.5
PWER 0
USMO 6.5
Total -3.47
The S&P, Dow and Nasdaq are all down at least 10% over that same time frame.
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