Fusion Investing Fund slips into the red
After three months investing in a bearish market the FI Fund has finally succumbed and slipped into the negative territory. I have updated the spreadsheet and PDF file and you can see them on the portfolio page.
The following graph highlights why I’m still feeling good about the performance thus far. The FI fund is kicking the leather off the index ball. While the S&P ASX200 Index has plummeted 14.7%, the FI Fund has turned in a respectable -0.3%. The FI investment are also outperforming compared to the Australian index, both on simultaneous and from start date comparisons.
I will get around the write-ups for GE and FDX soon. It’s school holiday time here and playing with the kids is more fun. With the large fall in the FDX price I want to review my thinking to confirm my next step.
I also want to take another look at Great Southern TREES II as they appear excellent value right now.
For the coming week I am concentrating on my Options Blog. After that I hope to get this blog back on track:
- continuing the 10 Day Investing Brain Dump,
- finishing the write-ups on GE and FDX and
- then I want to write a short series for absolute beginners. The sort of series my wife would need if I was no longer able to manage our finances.
The current market turmoil is an exciting time to be an investor. I’m still keeping a close eye on Australian banks and a couple of the smaller banks, notably Bank West.
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