A year of unexpected challenges At the beginning of this year I set out to accomplish 6 goals. In the end I only managed to complete 3 out of 6, lol. Next year I shall lower my expectations. What caught me by surprise was how unique this year has been for the economy and financial markets. Over the… Read More »
Not the best year for investors The collective net worth of Canadians fell by $332 billion in the third quarter of this year. That’s about $8,700 per person. If we annualize this amount it comes out to roughly $35,000. Unfortunately RBC is forecasting further decline to net worth until the second quarter of 2023. Asset prices across… Read More »
November was a decent month of options trading. The biggest lesson I learned was to keep my position sizing small so there would be less risk of a major loss. In the previous month I made a big bet with Meta stock which went against me. It costed me over $2,000 and wiped out a lot of my… Read More »
Liquid net worth – July through September It seems things have gotten worse in the third quarter of 2022. Stocks continue to fall in general and because I am leveraged my investments are down more than the broad-based market. My liquid net worth dropped by $64,000 and is now back to where it was after Q1 of 2021.… Read More »
Signs of financial stress. The effects of higher interest rates have a 6 to 12 month lag period before showing up in the general economy. It appears we’re seeing those related issues now. A Canadian real estate lender has recently halted redemptions on its fund. This means investors can’t get their money out which is a pretty big… Read More »
It wasn’t a good month for options trading. 😅 I’m basically flat for the entire month. I was doing okay for the most part. But then I shorted a put spread on Meta stock before earnings and unfortunately they disappointed investors so much the stock fell 24% the next day which really hurt my P&L. 🙁 The… Read More »