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The following financial update for July 2017 covers all performance and happenings from the month of June, and is based on the latest valuation date of 7/3/2017.

With everything else going on for the team lately, our portfolio got set on the back burner somewhat in June. We did make another purchase, and built up some more cash reserves, but the lull of summer is in full swing.

Key Metrics

SFE Share Price MoM Change in Price Portfolio Value Cash Overall Return
$9.14 0.39% $15,683 $1,334 -9%

A modest change in share price. More cash in the bank. Yadda yadda.

2017 Performance to Date

While we closed the gap ever so slightly on our S&P 500 benchmark target, our unrealistic and completely arbitrary 20% annual growth goal is quickly slipping out of reach as we round the midway point of 2017.

We have made moves to attempt to stabilize our portfolio, but without some unforeseen catalyst igniting growth in some of our holdings, it’ll be a slow burn. We have some more dividends in play, but they’ll hardly make up for our unrealized losses.

Transactions in the Period

Date Transaction Type Description Amount
6/16/2017 Deposit Member Contributions $400
6/16/2017 Buy Purchased MGP -$2,174
6/21/2017 Dividend FRO Dividend $33.75
6/26/2017 Deposit Member Contributions $500
6/26/2017 Interest Interest on Cash Balance $0.02

Members continue to see buying opportunities with our low SFE share price, adding an additional $900 to the pot.

Chart of the Month

Interesting chart found on the Twitter pointing to dynamics in the broader markets. While pretty much all other financial classes and measures have started sliding this year, the S&P continues to head up, up, and away.

Although its not unusual for these assets to move independently (hence why diversification is so often recommended), it does point to the continued heightened euphoria in the stock market.

Not calling a bubble or trying to find the top. Just saying…

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