I have made minor additions to my portfolio. I have added 3 mutual funds with small positions in them. They are:
All 3 have done reasonably well for me. I picked Fidelity Canada for a small hedge against dollar and it's exposure to energy sector. Reason to pick Fairholm funds is because of it's huge position in Berkshire Hathaway and again exposure to energy. CGM focus fund is really a momentum fund but the manager Ken Heebner, has been picking momentum plays and rotating into different sectors , incredibly well in this decade. Picking of these funds aren't really because of the current crisis. I have been keeping a tab on them for a while.
I also picked up little bit of Wells Fargo (close to $29) and Wachovia Bank (around $25). I intend to hold them for a long time. As of the writing, I am loosing money on both of these :-(
My Merrill managed account did loose money on fixed income investments (primarily HFLAX). Rest of the account has outperformed market just by a tad. In loosing market, that's not saying much.
In the long term, I am convinced that diversified equity (stock market) investments is the way to go. Last decade hasn't been great, but my time horizon is really 20+ years. We will see :-)
