The act of writing down goals, and tracking them over time greatly improves the chances of achieving the outcomes you want. So this year I have 5 new goals I want to accomplish for 2023. 2022 goals Increase household net worth by $150,000 Since I am no longer earning money from a 9 to 5 job I expect… Read More »
December was a below average month for options trading. I only made $570 because some of my trades were quite risky and they didn’t turn out well. But altogether I’ve made $51,000 from net option premiums in 2022. That’s a lot more than I made in the previous year when I started trading options. One of the… Read More »
Charles T. Munger is an American billionaire investor, businessman, and former lawyer. He runs Berkshire Hathaway with Warren Buffett. I’m sure he has enough savings to retire. But he just turned 99 this week and is still working. Maybe someone should introduce him to the idea of FIRE. 😁 Buffett has described Munger as his closest partner and… Read More »
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 »