All figures except my Jeep value are generated from Mint.com.
The first quarter of 2020 will go down in the record books for sure. The S&P 500 fell hard and finished down again for March. The market lost 20% during the first quarter of 2020 which was devastating not only to stockholders, but the entire world as the entire economy has been halted. The Dow actually recorded its worst quarterly performance in history falling 23%.
More alarming is the spread of the Coronavirus which is killing tens of thousands so far and likely hundreds of thousands in the months to come. Hopefully the death toll doesn't reach the millions.
On the net worth front, mine took another hit falling $28,000 for the month of March and now is down almost $87,000 for the year. Buying heavy into beaten down stocks actually mitigated some of the damage done by the markets. At one point the markets were down close to 40% before rebounding during the last week.
My cash position is now down to around 60%. While I plan to keep buying undervalued companies, I'll be limited as I don't have any CDs up for renewal until year end and then again next July.
This may be to my advantage as it could prevent me from going to strong into a depression type stock market crash in the coming months. Who knows? The markets currently are down around 30% from the February highs. The 1930s stock market fell 89%
Be safe out there everyone!
More alarming is the spread of the Coronavirus which is killing tens of thousands so far and likely hundreds of thousands in the months to come. Hopefully the death toll doesn't reach the millions.
On the net worth front, mine took another hit falling $28,000 for the month of March and now is down almost $87,000 for the year. Buying heavy into beaten down stocks actually mitigated some of the damage done by the markets. At one point the markets were down close to 40% before rebounding during the last week.
My cash position is now down to around 60%. While I plan to keep buying undervalued companies, I'll be limited as I don't have any CDs up for renewal until year end and then again next July.
This may be to my advantage as it could prevent me from going to strong into a depression type stock market crash in the coming months. Who knows? The markets currently are down around 30% from the February highs. The 1930s stock market fell 89%
Be safe out there everyone!
Assets
Checking --- $20,148
Savings/Investments --- $426,169
Lending Club --- $176
HSA --- $2,015
IRA --- $9553
401K --- $366,089
2014 Jeep Wrangler --- $17,500
Checking --- $20,148
Savings/Investments --- $426,169
Lending Club --- $176
HSA --- $2,015
IRA --- $9553
401K --- $366,089
2014 Jeep Wrangler --- $17,500
Liabilities
$1575
Net Worth
$840,075
YTD Totals
2020
***Jan 1, 2020 --- $926,699***
Jan 31, 2020 --- $923,180
Feb 29, 2020 --- $887,924
Apr 30, 2020 ---
May 31, 2020 ---
June 30, 2020 ---
July 31, 2020 ---
Aug 31, 2020 ---
Sep 30, 2020 ---
Oct 31, 2020 ---
Nov 30, 2020 ---
Dec 31, 2020 ---
2019
***Jan 1,2019 --- $864,816***
Jan 31, 2019 --- $887,560
Feb 28. 2019 --- $895,998
Mar 31, 2019 --- $899,902
Apr 30, 2019 --- $904,190
May 31, 2019 --- $880,455
June 30, 2019 --- $894,816
July 31, 2019 --- 898,515
Aug 31, 2019 --- $894,960
Sept 30, 2019 --- $900,639
Oct 31, 2019 --- $904,935
Nov 30 2019 --- $915,534
Dec 31, 2019 --- $926,699
2018
Jan 2018 --- $917,116
Feb 2018 --- $910,667
Mar 2018 --- $909,746
Apr 2018 --- $903,416
May 2018 --- $889,032
Jun 2018 --- $893,278
Jul 2018 --- $892,002
Aug 2018 --- $896,619
Sep 2018 --- $899,763
Oct 2018 --- $876,927
Nov 2018 --- $891,402
Dec 2018 --- $864,613
2017
May 2017 --- $835,009
July 2017 --- $851,904
Aug 2017 --- $860,072
Oct 2017 --- $887,033
Dec 2017 --- $914,266
There is no down time when building a path that doesn't lead back to ZERO
2017
May 2017 --- $835,009
July 2017 --- $851,904
Aug 2017 --- $860,072
Sept 2017 --- $869,374
Oct 2017 --- $887,033
Nov 2017 --- $897,145
Dec 2017 --- $914,266
There is no down time when building a path that doesn't lead back to ZERO
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