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Our net worth is currently down about 3.2% from our all-time high on May 3. I actually thought it would be much worse than it is considering we are pretty heavy in stocks.
I've been sitting on some cash in my Fidelity account for a while waiting for another sale. If we trudge our way upward again I'll probably keep buying small blocks like I have been for the last several months, but if we have another big drop I'm going to look at a larger purchase of defensive sector stocks. My Fidelity account is mostly defensive--KO, FUTY, T, PG, etc...it has been outperforming my other accounts which are heavier in cyclical, tech, and financials. I've been accumulating defensive sector stocks since mid 2018 and plan to keep doing so until it looks like we are in a full-blown recession, and then I will start switching back to cyclical.
I hit all time high on May 3, my portfolio is 3.91% under that at the moment. I do have 18% in bonds and those rallied like mad which is why I haven't taken the full brunt of May.
I think May 3rd was a high for most people. My 2 “ static” accounts are mostly (maybe even all) equities, so they probably are more volatile than my active retirement account. It is much more balanced - 55/45 or something close to that, the last time I checked.
Quote:
Originally Posted by k374
My portfolio return shows +0.17% from Jan 2018-May 2019 so I have a similar return. + is better than - I guess, one way to look at it
I got to agree with ya free , some of this stuff spewed has no merit at all ...if down 7% from a record high is a world of pain those who think that should go hide under a rock in a bank..
My opinion is this is a great time to be invested ....if the trade war is unexpectedly resolved stocks will soar ...if it isn’t and we slow odds are the fed will cut rates and stocks will soar ... either way there is a pretty good chance either way will unexpectedly be up before those out and thinking they will avoid a disaster can even react
Who knew this would actually play out when I said it a few weeks ago.
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My 2 “ static” accounts are mostly (maybe even all) equities, so they probably are more volatile than my active retirement account. It is much more balanced - 55/45 or something close to that, the last time I checked.
