Market decline impact?

[Daphne]

Any thoughts from the wise ones on how recent markets are impacting ffh ...particularly hedges and bonds?

[Cageyone]

Daphne,

 

I’ve been waiting to hear from “the wise ones” too! 

 

I’m far from being a “wise one”, but I’m probably one of the most heavily invested, with FFH being over half of my equity portfolio.  And as a long-term “buy and hold” guy, I’m also probably one of the most inactive (read “lazy”?) ones on the Board!

 

However, for what it’s worth I do a weekly portfolio valuation. And back on March 19 when FFH more or less peaked, FFH was 55.0% of my portfolio – and my overall portfolio was up 24% year-over-year.  So nine months later on December 11, FFH was still 54.8% -- even though my overall portfolio was down 4% year-over-year.  So in a generally down market FFH held up reasonably well considering that about 15% of my portfolio is in energy and other commodity names.  And of course in hindsight, I should have been a little less lazy back in March and taken at least something off the table!

 

[petec]

I don't try to track the portfolio but I note that the Russell is now down 19% from peak.  Who knows where it goes next but interesting for FFH holders.