The Samurai Fund was my fun way of getting Financial Samurai readers involved in investing. Since inception in 2010, The Samurai Fund has crushed the S&P 500 in returns.
The secret to investing is to come up with a dollar-cost averaging system and keep investing for the long run!
If you invested $100,000 back in 2010 when I wrote this post, you'd have more than $300,000 today.
The Samurai Fund Update
We're pleased to report that the The Samurai Fund (TSF) is up 8.5% year to date! Unfortunately, the S&P 500 is up 9.9% thereby underperforming the broader markets by 140 basis points. On the positive side, there has been 0 turnover in the fund since inception on January 1, 2010 which means no trading fees. Furthermore, we have not had to hire employees to run the fund meaning that we are saving millions more a year in salary costs.
Our outlook for the stock market is rosy, thanks to Ben “Making It Rain” Bernanke and his desire to inflate all asset classes with QE2. We believe in the American consumer's ability to consume with greed again, and we are strategically positioned with names such as Samuel Adams (SAM, +76% YTD), Monster Worldwide (MWW, +14%), and Lenar Corp (LEN, +24% YTD). Creating bubbles is a good thing, so long as we recognize we are in a bubble. We at TSF hear you loud and clear Mr. Bernanke and will ride your donkey into the sunset!
Thank you shareholders for investing in The Samurai Fund. We will try and make up for our underperformance by continually doing absolutely nothing. Please revisit our investment philosophy.
The Samurai Fund Investment Team
HIGHLIGHT POSTS FROM AROUND THE SPHERE
*Everyday Tips & Thoughts asks “What Would You do With A Letter From The President.” There's no way I'd ever sell it the letter for money, but I think Mr. Obama would be happy if you could profit from a letter he wrote if it can help a family's finances. Just make a copy!
* Thousandaire produces a hilarious ROTH IRA music video called, “When I Retire”. All Kevin needs to do is change the lyric “when I get paid” to “when I get laid” in relation to “I'll have millions when I take it out” for it to go viral at the end! Unfortunately, as old readers might recall, I'm quite against the ROTH IRA. That said, better to have a ROTH IRA than no IRA!
* Roshawn writes a post which needles those who make over $250,000 in his article, “Good Old Middle Class Or Wealthy”. In many parts of the country raising a family on $250,000-$350,000 is not exactly wealthy due to the high cost of living, and the necessity to send kids to private school since the public schools are so appalling. Can we agree that making $250,000 a year in Iowa goes farther than San Fran, Chicago, and Manhattan?
* Daniel's brother made $1,200 out of thin air thanks to the World Series Giants in his post, “Selling A Product That Doesn't Exist.” Seriously, with just a little bit of ingenuity, people can make a lot of money!
* Don highlights the “Pros and Cons of Blogging” which many bloggers can relate too. I'll be coming up with a different spin on this one in a future post, so stay tuned!
* The Saved Quarter has a gritty guest post called, “The Face Of The Homeless.” It's important to give thanks to life and appreciate what we have, while help others.
* Special shout-out to BuildASign.com who created some awesome bumper stickers for Financial Samurai and Yakezie.com. We'll be distributing these neat bumper stickers out to Yakezie Scholarship winners as an added bonus!
FINANCIAL SAMURAI AROUND THE WEB
* On AMEX's new site called GetCurrency.com, I share with readers how “I Barely Survived My Mortgage Refi.” I tell ya, it was a butt kicking, and I can see why it's going to take a while for monetary easing to take effect. A friend of mine, who has more cash in the bank than the mortgage he is trying to refi got denied for example!
* I've always wanted to write for Cosmopolitan Magazine, so here's my attempt to do so with the article “Online Dating & Income Infatuation.”
* In “The Clock Builder vs. The Time Teller”, I discuss the efforts of building a sustainable organization. Besides describing the difference between the two, I'm trying to stay out of the way.
To read more of the best personal finance sites on the web, come visit the Yakezie Network!