Aha, the correction is here! This is going to be a fun few weeks. Or months. Who knows?!
On Friday Feb 21 the DJIA closed at 28,994. The next Friday it closed at 25,402 – the largest ever drop in any single week in its history. Naturally, our numbers are down as well.
We recorded our largest over drop in net worth, month over month, at over $47k. But …all is good. We’ve pumped in about $5k from our “dry powder” to take advantage of the dip. I’m almost hoping for a 20% correction, which would take us into official bear market. Bring it on!
Major expense for February was $1,183 we paid in home insurance premium. We decoupled the insurance payment from our escrow a couple of years ago and now use credit card to pay the premium, which is already saved for in a savings account. Another expense was regular and preemptive maintenance for one of our cars at $450.