That's what this is starting to sound like. Plus, it's an excuse to quote the Police (saw them this past Friday night...great concert, only we had possibly the worst seats available in Madison Square Garden (but at least we weren't behind the stage)). Back on topic...
Despite the moaning and groaning, I remain committed to the MFI method. Yesterday the MFI fund didn't increase as much as the rest of the market due to a big hit to EPIQ...it dropped over 14% on poor earnings. Fortunately, due to other gains, the MFI fund rose .16% vs. an S&P rise of 1.41%.
What did make me feel good is that the upcoming tranches continued to rise nicely. The September tranche continues to whomp the benchmark, currently standing at 38.3% vs. 17.55% for VFINX. The November tranche, which I recently wrote was on its way to being the first tranche to lose principal is almost back in the black, sitting at a -.31% loss vs. 9.75% for VFINX.
Beyond that, only the January tranche is ahead of the benchmark and not a loss, standing at 11.11% vs. 7.03%. With the rest, I certainly know from a year and 5 months on MFI that time will tell. A lot can happen in the 7 months till those tranches start to become due.
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