April 2022 Fund Performance and Investment Commentary

“In the midst of chaos, there is also opportunity.” – Sun-Tzu, The Art of War

Where are we, at the end of April 2022?

April was a hard, down month for the stock market, but it also depended on what holdings and sectors you were invested in. I haven’t yet switched TOTALLY out of technology, but I’ve been moving in stages, and we are mostly out. The New York Stock Exchange (NYSE) Composite was down around 6%, while the other averages were generally down a lot more. Our inflation protection fund was down less than 5% (and already regained most of that as of the date of this writing) while our energy fund was about break even. Right now, there isn’t much demand for stocks. In terms of opportunity, several things come to mind – minimizing losses, being well positioned to make money on the next leg up and locking in dividend payers at lower prices. The dividend stock that locked in 7 – 8% when the year started is perhaps now locking in 8 – 9%. My concern is when that next leg up occurs.

How Did the Markets and Our Funds Do in April 2022?

The below numbers are courtesy Morningstar Workstation: