Author Topic: Accounts have finally recovered from 2022 losses  (Read 721 times)

Miss Piggy

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Accounts have finally recovered from 2022 losses
« on: January 02, 2024, 08:55:03 AM »
We did our periodic account spreadsheet updates a few days ago, and I was happy to see that our numbers are back up to where they were in 2022 (actually, they're a bit better). Then I thought about the reality of the situation: we've essentially lost what could have been two years of progress. Oh well...such is the life of investments in the stock market.

I'll look at the bright side--we didn't panic-sell like some others in my family have done over the years.

theninthwall

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Re: Accounts have finally recovered from 2022 losses
« Reply #1 on: January 02, 2024, 01:38:17 PM »
I feel you. We only started our FIRE journey in 2020. It was a little bit rough looking at our numbers at the end of 2022. Thankfully the end of 2023 was much nicer to look at!

reeshau

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Re: Accounts have finally recovered from 2022 losses
« Reply #2 on: January 02, 2024, 01:45:01 PM »
I am very glad I was travelling through the summer of 2022, and didn't have quite some much time to stare into the abyss of SORR.  I'm somewhat better than even, so loving FIRE again.

From FIRE in Jan 2020, I am up 45%.  Given all the drama since then, I feel very happy about it.  It's starting to get to the point where I'm considering capital preservation more than gains--those current bond and CD rates have me tempted, despite my entire investing history avoiding them.

Miss Piggy

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Re: Accounts have finally recovered from 2022 losses
« Reply #3 on: January 02, 2024, 03:18:22 PM »
From FIRE in Jan 2020, I am up 45%. 

Same. So I guess things shake out pretty well, all things considered.

Heckler

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Re: Accounts have finally recovered from 2022 losses
« Reply #4 on: January 02, 2024, 03:39:12 PM »
Is this the result of being concentrated in the S&P500?  Serious question.

Our global stocks (only 25% US allocation) and bonds (30%) increased by $18K CAD from December 30, 2021 to December 31, 2022.  Granted, that was including contributions of $60k, so yes a dismal 2022 return.  But our "numbers were back up" to December 2021's high in October 2022.  Top was in more than a year ago!

Panic selling does no good.  Systematically buying on the way down does a lot of good, if you think long-term!

reeshau

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Re: Accounts have finally recovered from 2022 losses
« Reply #5 on: January 02, 2024, 04:49:20 PM »
Is this the result of being concentrated in the S&P500?  Serious question.

I invest in individual stocks, so not riding the S&P, per se.

To your point on not panicking: I made an excellent return buying a regional bank from March to May of this year.  Waiting foemthe LTCG clock to pass the 1 year mark to begin harvesting some of that.

Miss Piggy

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Re: Accounts have finally recovered from 2022 losses
« Reply #6 on: January 03, 2024, 07:58:54 AM »
Is this the result of being concentrated in the S&P500?  Serious question.


Fair question. We're somewhat diversified globally, but yeah, a fairly heavy concentration in the S&P 500. I'm almost embarrassed that I can't give a better answer...I feel like I should know this with more certainty.  :(