Stock market woes - have you checked your portfolio lately?

PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
"Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data."

"In December, the Consumer Price Index for All Urban Consumers decreased 0.1 percent, seasonally adjusted, and rose 6.5 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in December (SA); up 5.7 percent over the year (NSA)."

Wow, you delete one year of data and only figure energy costs back in and delete rural consumers, yo are not doing that badly. Table source

Source
January 2023 CPI data are scheduled to be released on February 14, 2023, at 8:30 A.M. Eastern Time.
 
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deleted-4439668

Guest
Original poster
Also gambled on Virgin Galactic, Disney and TSM at the beginning of the year and so far all 3 are hits. Nintendo still pretty flat but I’m holding that until Switch 2
 
jabroni12

jabroni12

Super Star
Aug 2, 2001
76,605
9,424
ツ
I had been planning to make some buys in both crypto and a couple stocks at the start of the month but instead I get to pay for a new roof. 🙃

I did make my 2022 IRA contribution in December so at least I got that taken care of. But everything besides auto 401k deductions are on hold for a couple more weeks probably.
 
supersaiyenl4goku

supersaiyenl4goku

Tyresian
Nov 9, 2002
4,744
365
-1313-Evil_Homer said:
Everyone's has been down and will be down for a while but it will go back up. The key is to not follow the market or even look at your investments. I only look at them once a year. I contribute to all my shit automagically every month so I don't have to even look. I am not aiming to retire yet so no need to add anymore stress to my life by checking in on it all the time. I also don't do individual stock shit.

I go with the 3-fund portfolio route outside of my jobs 401k and my personal Roth. So my shit is simple but effective for what I want it to do. I am not looking to become rich off the stocks. My plan is to retire slightly earlier and do it in style.

So I don't plan on caring until I am a few years from retirement. Then I might start looking more and caring a bit more.
Click to expand...

My asset allocations are also very simple and MOSTLY automated. Had to juggle contribution numbers around with a job change last year and again with the new year.

But I’m fairly numbers obsessed and keep spreadsheets with my income, expenses, investments, etc andI do forecasting. So currently always interesting to guess at milestones and see where it ends up. I’m conservative on my forecasting so hopefully I hit those milestones early.

I really hope to retire at or by 55. Of course by that time a lot can change. And retire might also mean not worrying about income in whatever job I do so I could HOPEFULLY work for fun or on my own thing, for either of those options sooner would be nice.
 
-Troopa-

-Troopa-

No Longer a Noob
Jul 7, 2019
8,084
9,100
Yeah, same here. Just buying index funds on a regular schedule. Not much to talk about.

I feel fairly confident that crypto is gonna boom again some day. I sold all mine last year at a nice profit. Not sure I’m going to bother playing the game again, but if I do, I’ll do it with a relatively small amount. Take $5k and try turning it into $15k sort of thing.
 
east1226

east1226

Mod in a blue hat
★ MOD
Jun 6, 2012
20,164
13,368
I am in the same boat. Started April 2020. It is fire and forget anyway. In ten years, this will be nothing anyway.
 
PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
US default on debt in 2023? https://www.cnn.com/2023/02/15/politics/debt-ceiling-default-cbo-congress/index.html

"Its estimate for the 2023 budget deficit is $1.4 trillion, about $400 billion more than it was last May. The shortfall will hit $2.7 trillion in 2033, the agency projects.

The deficit amounts to 5.3% of gross domestic product this year and grows to 6.9% in 2033. This is “significantly larger” than 3.6% of GDP that deficits have averaged over the past five decades, the agency noted."
 
D

deleted-4439668

Guest
Original poster
Polygon is now +90% since early January when I bought… just wishing I bought more now

stocks have been disappointing for a couple weeks
 
D

deleted-4439668

Guest
Original poster
Polygon just keeps going up. More games are being announced on it such as one from the Words with Friends creator. I don’t know that this will be the next Bitcoin, or even if there will be a next Bitcoin. But I could easily see Polygon going up to $3-$10 in the next year. I bought at 0.77 and it’s up to 1.51 in a month and a half. I do think it’s limited by Ethereum since it’s a side chain of that. It will likely never go higher than Eth
G0ZYrGa.jpg
 
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jabroni12

jabroni12

Super Star
Aug 2, 2001
76,605
9,424
ツ
PoorPigg said:
35% of millionaires say retirement will take a miracle. CNBC and NATIXIS 2022 millionaire report here
Click to expand...
Seems about right tbh. A portion of millionaires let their spending get crazy to where retirement would eat through savings pretty quick. And then you have people that feel like they can never be prepared enough. Plus it looks like the story is based on net worth millionaires and while a paid off house of 300k-1m is certainly an asset, yeah I'd also be worried about retiring with only 625k that it says is the median savings, even at my relatively low expense level. Even just asking this question now vs say start of 2021 probably swings a lot of people's perspectives and fears. A bad market and inflation suddenly has people second guessing plans.
 
PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
 
monkorn

monkorn

Star
Aug 3, 2000
32,002
176
Real consequences to rates rising showing up while jobs still red hot.

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California
www.fdic.gov

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank, Santa Clara, California
www.fdic.gov www.fdic.gov

Payrolls rose 311,000 in February, more than expected, showing solid growth
www.cnbc.com

Payrolls rose 311,000 in February, more than expected, showing solid growth

Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.
www.cnbc.com www.cnbc.com
Click to expand...
 
m00m00m00

m00m00m00

ಠ_ಠ
Jun 14, 2001
82,536
14,203
CDs/money market/savings post.

Ally jumped from 4 to 4.75

Fidelity brokered 5ish

Fidelity and Vanguard money market 4.34 to 4.5ish

Ally savings 3.6. Cap one 3.4

6 month t bill 5.25
 
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PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
31,819.14-90.50 (-0.28%) today
31,819.14-2,270.13 (-6.66%) past month
Tomorrow CPI numbers for February 203 will be released February 2023 CPI data are scheduled to be released on March 14, 2023, at 8:30 A.M. Eastern Time.
 
PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
"In February, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally adjusted, and rose 6.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.5 percent in February (SA); up 5.5 percent over the year (NSA)."

"March 2023 CPI data are scheduled to be released on April 12, 2023, at 8:30 A.M. Eastern Time." https://www.bls.gov/cpi/
 
east1226

east1226

Mod in a blue hat
★ MOD
Jun 6, 2012
20,164
13,368
It also said only likely one more raise this year. Once that calms down, the market likely will as well.

My portfolio stocks v. bonds is still imbalanced. As such, I am still putting the savings there for the time being.
 
PoorPigg

PoorPigg

Curly-tailed
May 26, 2012
12,468
5,603
West Coast, US
32,394.25−37.83 (0.12%) today
32,394.25-175.94 (-0.54%) past 5 days
32,394.25-267.59 (-0.82%) past month
32,394.25-2,899.94 (-8.22%) past year
 
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