First Entry in December: Lots of changes, to be simpler. I closed out three of my index fund account (passive ETF investing strategy), moved the funds out into cash, some bonds and some I-Bonds. All these moves are in prep for some struggles ahead as I am having difficulty securing a W2 job and my business venture is getting off the grounds on a slower start than I anticipated.
Further changes to happen in the coming days and weeks as I consolidate account further in the next two weeks.
In terms of market performance, the gains we saw in the last few weeks tapered down some what in the last week.
2nd Entry: Last week was yet another reminder that Fed is in no mood to relax their monetary policy. Fed rate went up as expected, but the hawkish tone continues and markets absolutely hated it! Majority of gains of the last month simply vanished .. especially so for some of my stock holdings! 3rd Entry: Flat markets... not much happened in the past week, except for owners of Tesla stock. TSLA down more than 65 % for the year so far and if I have to venture a guess.. still a long ways to go on the downside!
Final Entry for the Year: Jobs report provided a final boost to markets.. though some of those gains were pared on last day of trading. SP500 is down -19.8 % for the year, worst performance since 2008! |