The S&P showed five consecutive days of gains in the first week of 2010 to close up 2.68%. Meanwhile, The Samurai Fund (TSF) outperformed by 200 basis points to close up 4.77%! For an actual fund of 17 positions, this is absolutely huge! We are up almost $80,000,000 this week, and if we keep this up, the team is going to get paid like rock stars come year-end!
I’ve put up a permanent tab to track our names to facilitate accountability. If you are one of the 17 contributors, please provide periodic updates in the page to keep this as realistic as possible. There will be a review of the bottom performers end of the quarter, to potentially make room for 3 new entrants. Nobody is safe in this meritocracy!
INCOME POLL: There’s a new poll on the south-right side bar, asking how much money you made in 2009. The poll is totally anonymous, so feel free to contribute. It’ll be interesting to see the income distribution of our community, to help me help you discuss more pertinent things.
FREEDOM FUND: To answer a common question, the Freedom Fund is simply a $1 million cash goal (invested in CD’s or other safer instruments) by year-end 2019. As far as I’m concerned, the Freedom Fund is my “net worth” since the birth of this site in 2009. Current nut size, $96,000.
FAVORITE OVERLOOKED SAMURAI ARTICLE: “Everything Is Rational – The Answer To All Things Irrational” was written over the holidays that sums up the key to all things that don’t make sense. We shouldn’t impose our will on others. Let others be. Also stop feeling sorry for others, they are probably happy just the way they are!
TWITTER: Added a Twitter update widget on the right, which highlights more links and provides further activity if you would like to follow.
COMMENTS: The javasript:void(0) error is fixed so you can click ‘reply,’ ‘quotes’, ‘trackbacks’ in the comments section again. Also, never hesitate to provide links in the comments. It helps us read new stuff, and why I installed the Comment Luv plug-in. Heads up on typos and grammatical errors appreciated.
WHAT’S UPCOMING: Refocusing on some money saving issues. Before you consider converting to a ROTH IRA, please read Monday’s article. We’ll also feature another solid guest post, and a book review and giveaway.
BOOK WINNERS: ThriftyGal and MBA Briefs! Runner up new reader George, MoneyReasons, @RCThinkWealth and a very distant last, Investor Junkie because giving this book to him is like giving Bill Gates a fresh copy of Windows 7. :) Winners e-mail me your mailing addresses, so I can pass along to the publisher.
Financial Samurai – “Slicing Through Money’s Mysteries”
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