One-year Return for Stocks
It's almost tax season again! This year, I'm expecting some tax credits. We shall see if that's true. Right now, it's a matter of waiting for all the forms to arrive.
Fidelity gave me a timetable for when the forms are ready. While they were at it, I glimpsed how my portfolio was doing. Last year I did liquidate part of my portfolio to purchase a different car. My old car finally gave up the ghost after eight years. It's a 2004 model, so I didn't feel too bad about it.
I gave an approving nod for beating the S&P500 despite the low percentage of gains. However, inflation won out in the end. I decided to check out each stock's yearly performance.
Energy stocks were the winners last year. I'm sure the military-industrial complex did well too. The biggest losers in my portfolio were retail and tech. As you can see, the list of stocks leans heavily toward energy and healthcare with a sprinkle of other things.
How did I only manage a +1.68% when so many of my picks had double-digit percentage gains? The short answer is the car I bought last fall. A used car is still not cheap in the States. I purposely liquidated more than I needed to account for taxes and legal fees (that's another story). So, maybe my portfolio beat inflation last year, but I needed the money. I wasn't going to use the money I set aside for buying the crypto bottom.
There's no secret here besides dollar-cost averaging weekly. A friend and I helped build the initial picks through some research. After that, I made modifications as needed. Usually, positions are closed due to mergers, or the stock is taken off the public listing. Diversification, in this case, worked out for me.
Some may ask, why do you still dabble in stocks? I believe tokenization will happen one day, and existing equities probably won't disappear without the companies also crashing and burning. Being diversified across different asset classes feels safer to me.
Of course, none of this is financial advice. Find out what works for you.
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I think this does show the true power of diversification: safety. I wouldn't even hesitate to call it financial advice, because by now it's time-tested financial wisdom. Your portfolio happens to be a prime example of this.
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It worked out better than I thought.
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2004 car crapped out? My 05 Ford just died the day after I got back from Japan. I'm sensing a conspiracy here.....
After seeing returns of the market, like S&P, it almost seems better to lock up $$ in HBD for that 20%. However, a chart dude I follow said BTC about to drop so I guess it depends on when you cash out of HBD.
Another guy I was reading said PMs, especially copper, aluminum, palladium, etc. are going to moon because of the coming need for them in the green tech sector. Wires & batteries man.
One thing we need to keep in mind about HBD is its liquidity. That return is great, though.
As for precious metals, I also have them. They are hard assets. When there's a currency reevaluation in the future, you'll be glad you have them.
Good point about liquidity. When I sold last time I think I got about $0.90 on the exchange.....
I still dabble in stocks too. I totally agree with you on the time not being right yet. We still nee to be diversified into other areas. All of my investments are tax exempt, so I don't really pay too much attention to them this time of year. I am keeping track of my other stuff though. I had to pay quite a bit in taxes last year due to the crypto gains I took in 2020. This year I should get a decent amount back since I took out extra in 2021 to avoid the penalty.
I guess we shall see.
I was actually just thinking about buying some stocks. Been ages since I touched stocks, but was looking at diversifying some assets.
Just don’t use Robinhood for them.
I would never go anywhere near Robinhood at this point.
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