My Mutual Fund: September 2007

September 29th, 2007

Well I certainly did a lot better this month than last! Last month I had a terrible -9.64% loss! I had started the mutual fund at a market top and then all the sub prime mortgage mess occurred and really took its toll. Instead of starting over like many might do when they have such a horrible start I decided to see how I could get myself out of this mess.

MONTHLY INVESTMENT GAIN

This month I took my Mutual Fund Genesis from a NAV of $9.19 to $10.12. For those of you interested, that is a 10.12% gain in one month. Wow, that is volatile. All I did was average down on the price I paid for many of the stocks while they were going down.

Winners & Losers

Garmin (GRMN) continues to by my star performer… now up 45.50% in two months. As a side note: This really pisses me off I didn’t make that investment in GARMIN with $3,000 several years ago… instead I put the money in a Refco FX account shortly before the company went bankrupt… and just this past week I got 40% of my money back. Instead of having a massive gain I’ve encountered a massive loss. My intuition is pretty good and I should have stuck with it. Instead of having nearly $15,000 (all from an initial $3,000 investment), I would have an additional 45% on top of that! Ouch…………. This is a damn good company and they have a lot of growth left in them!

UVE and Whole Food Markets (WFMI) have also done quite well with ~25% increases.

Most of the stocks were losers last month, and they have almost all ventured into positive territory. The three biggest losers are NAK, HTE and CNE.

Let’s see if I can pull out a positive return over the next month!

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