RetireRichBlog Stock Mutual Fund Performance for May, 2008

Although the credit meltdown has somewhat recovered, the Retirerichblog performance portfolio on Marketocracy.com still hasn't. The value is down $273,683.00 from a starting basis of $1,000,000. Partly to blame is my position in First Marblehead (FMD) postion. I have to remind myself not to take such a big position when it keeps going down. Sometimes I get carried away. Citigroup(C) and Washington Mutual(WM) probably won't recover for a while but I'm comfortable just holding on to them. When when we hit August 27, it will be a full year which is a couple more months away. I just want to get back in the black!

Click images for a closer look.