...or, The Two Week Massacre! I was away last week and haven't had a chance until tonight to update all my analyses, but saw when I got home on Sunday that it had been a bad week for my portfolio. Then, this week continued the slide, mostly driven by a significant decline in WNR, my high flyer (but today JAKK dropped 15% after its earnings dropped).
It's funny, I'm sitting on a 148% gain on WNR, and I'm upset because I was at 200%. Seems the driver of the decline has been skittishness (is that a word??) about the near-term prospects for refineries. FTO fell behind as well.
Basically everything went down, with few exceptions (and the broader market followed suit this week).
That's the bad news. Good news is that I'm still well ahead of the benchmark. Weighted return since inception for MFI = 23.23% vs. 12.88% for S&P 500. Average annual gain on all open and closed tranches (not annualizing open tranches) = 13.54% for MFI vs. 9.87% for VFINX.
Maybe I should just go back on vacation...I prefer the rollercoasters on the boardwalk!
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