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|
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:
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%.
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?