But wait... there's more
A long weekend starts. A little breather from a turbulent quarter I guess. Now we can let out a collective sigh of relief. Better, ain't it?
Now, let's review the past quarter so we can asses where were we in the financial sense and if we are still on track on our plans.
Did you know that we had the second worst performing stock market in the WORLD?!
Yep. Having Venezuela in the bottom doesn't really help alleviate the pain. It's in a league of it's own. So in a sense, we ended the the quarter as the worst market in US Dollars.
Link |
In Peso sense, we ultimately ended the quarter at -6.76% YTD and -11.90% from the all-time high. It's still not a bleak outlook. But after reviewing a multi-year trend, I believe it hasn't reached it's major support yet. For me, that's probably around 7200 - a drop of another 8% or more if the market will turn out to be crazier than the textbook fluctuations.
The effect on my personal portfolio was minimal (thankfully!) at a marginal gain of 2.85% YTD. I am now fully invested as I took the opportunity to get in while the market's in a rut.
Snakes and Ladders |
So that's a reason to🥂 I guess.
As someone growing up poor and deprived from most things other people enjoyed, this is a proud moment for me.
In most standards, this milestone is a wee bit late. But I would like to think of it as Gandalf arriving to something significant.
A wizard is never late, nor is he early, he arrives precisely when he means to.
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