April 2020

The markets clawed back some of the losses last month. We gained ~$60k from the lows of March. I still believe that we have yet to test the very low of this bear market before we got onto another bull run.

Stay-at-home orders are in effect in our state. We’re mostly hunkered down at home. And living a good life.

March 2020

First things first. Let’s acknowledge the extraordinary times we are living through right now. We are in the 4th week of school closure. Stay-at-home orders have been in place in our state for 3 weeks. Over 10 million Americans have filed for unemployment in the last 2 weeks. The markets have dipped about 30% from their all-time high, hit just under a month ago. The end, or a glimmer of an end, of this ordeal is not in sight.

In spite of all the calamitous numbers from above, life has been pretty good for us.

Really. How?

D’s distance learning started 2 weeks ago. M’s mornings and afternoons are spent assisting D with school work. W gets to sit in the comfy home office and work in peace. I can’t put in words how difficult it would have been for us if both W & M had to work from home AND had to make sure D is getting all the school work done. We get to take long walks in the afternoon, keeping lot of distance between other walkers. We watch a movie or a show almost everyday. We workout in the house with minimal equipment. We work on puzzles and play board games. We play in the yard. Cooking at home has been on the rise with fresh, delicious, and healthy meals on the table. We still order in food about once or twice a week to a) help out local restaurants, b) to have something different.

Right, March numbers. Carnage really. Our net worth is down about $75k for the month and $122k down from the all-time high reached in Jan ’20. I was actually surprised that we’re just $122k down and not the close to $200k I was anticipating. Strongly feel we are still quite a bit from the real low. Q1 earnings will start pouring in and those won’t bring any sort of reassurance to this already hammered market. The overriding health situation will only get worse before it gets better.

But …all is good 🙂

In a few years time, we’ll look back at this as a necessary – the market correction, not the virus! Things will be back up again.

In the meantime, let’s take this once in a lifetime opportunity to appreciate the good things in life: family, togetherness, the ability to ride out this tempest from the confines of our homes, the food that is still readily available, the first world country we live in with robust healthcare infrastructure.

And let’s be thankful to all the superheroes out there, doing their jobs under tremendous pressure: health care workers, first responders, grocery store personnel, delivery people, sanitation workers, and all who are working to keep the lights on in all of our homes.

This too shall pass. And we’ll emerge stronger.

February 2020

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.

January 2020

Writing and publishing this post in the third week of February makes me cringe a little! What can I say, things got quite busy with the stay-at-home-parent thingy. 😀

Not a very flashy month but still humming along nicely. Modest increase of assets and similar decrease of liabilities.

Major expenses of the month was $817 for semi-yearly payment of car insurance premium.

Should have more updates when we post the February numbers.

December 2019

Another solid month to wrap up the year. December 2018 was sort of a bloodbath for the markets, if you all recall. I was expecting at least a slow bleed for this time in 2019. But no, the markets just keep going forward!

Major expenses for last month was …surprisingly nothing, if you exclude the gifts purchased for the holiday season. As those are seasonal, and recurring every year, we already have them baked into our saving/spending buckets.

November 2019

Net worth reaches another high of $915k. Buzz of an impending recession is everywhere but we still plow into our tax advantaged and taxable accounts. We are also hoarding some cash. The recession will come but we don’t, and neither does anyone else, know when. And it will pass too.

There were a major expense of $2,706 this month, where we booked a vacation with a credit card and then promptly paid it off.

Things to keep in mind when looking at these numbers:

  • These numbers are snapshots in time, most likely the last day of the month
  • Since I copy/paste the numbers from the online accounts, the decimals remain but they are insignificant (obviously, duh!). Neither are the ones and tens digits of each account balance. What is important is the trend.

If you’re reading this for the first time, welcome! If you’re thinking if now is the “right time” to invest in the market ….well, everyday is the right time to invest, if you’re in it for the long haul. Remember the adage, “time in the market is more important than timing the market

October 2019

Our net worth is close to $900K! After an initial hiccup at the beginning of October, the markets have continued moving up. As you’ll notice our cash holding is at an all-time high. Major part of it is due to known expenses coming up, part of it is dry powder when the markets takes a dive. Does this sound like market timing? Well, yes, it is! But the amounts are so small to what we have out in the market invested, it does not really matter in the large scheme of things. It’s more to do with mental jujitsu, that we have some cash around when the correction comes.