Perspective

9.34%. That was the amount that the MFI fund fell in the last two weeks. 8.46% in the past week alone. Rough week? Well, depends on how you look at it I suppose. The fund gave back pretty much all of its gains since May. But, since Jan. 1, it's still up 7.54%. For the trailing 12 months, up a whopping 38.4%. And, since inception, still up 20.88% (18.07% on a weighted basis...as a reminder, the "MFI Fund" is the share price if one were to treat my portfolio like a mutual fund. It calculates gains based on "share price". Weighted is based on the actual timing of the dollars invested).

Even without comparing to the S&P 500, these are pretty nice numbers. S&P was 3.87% since Jan 1, 16.6% for trailing 12 months, and 15.25% since MFI fund inception (9.55% weighted).

Do I wish I had sold WNR when it was up 200% only three weeks ago vs. 142% now? Sure. Could I have predicted that? No. And I probably would have sold when it was up 100% (or lower) and would have missed that extra portion of gains. It works both ways. I continue to believe in the MFI method.