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!

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RetireRichBlog Mutual Fund Performance

Using Marketocracy.com, I started a $1 million virtual stock portfolio in Aug 23, 2007 . Below is a screen shot of my current performance. In 6 months, I managed to have a paper loss of about $230,000. Not a great start. My biggest lost was $63,000 on Delta Financial(DFC) based on Investing guru Mohnish Pabrai's recommendation. When debt is high and historic fundamentals aren't great, I should have known better than to go on blind faith. The other house of pain stocks are Citigroup(C) and Washington Mutual(WM). But at least they pay a dividend...at least for now anyways. Let's see how the rest of the year plays out.

Click on the image for a closer look.