Exit 2024
Recycles dryer sheets
- Joined
- Jun 23, 2015
- Messages
- 429
Q2 2022 update
- We finished Q2 at $2,113k, 70.4% of the original target,
NW is down by $203k in Q2 in addition to minus $45k in Q1 - year to day loss of $248k eliminated almost all last year gains and put us back to the April of 2021.
- We continue to add new money to our $401ks and HSAs, also moved most of the cash to the I-bonds utilizing gift option.
- After S&P500 reached bear market territory we started to execute our plan on downside rebalancing: for each 100 points down - move increasing amounts from bonds to stocks. We did that in 2007-2008 and again in 2020, both times it worked great for us, hoping to weather the storm same way this time also.
- We did not add much of new money to out NW during Q2 as all surpluses went to booking 2 vacations and to our RE projects.
- RE #1: in preparation to FIRE we started to update our main house and that will also include some build out project, already posted deposit with builder and scheduled to start in August.
- RE #2: we own small condo on University campus, our child was living there while in school. Now as she moved out and on her own we are preparing that place for rent. It requires some repairs and basic updates, so some cash is going there also.
- We continue to help child with student loans, just to get her ahead of the game while interest in still 0%, so hoarding cash is not our priority right now.
- Inflations is very big concern and looks like OMY more clear in the cards for us.
- We have 8Qs (?) to go...
- We finished Q2 at $2,113k, 70.4% of the original target,
NW is down by $203k in Q2 in addition to minus $45k in Q1 - year to day loss of $248k eliminated almost all last year gains and put us back to the April of 2021.
- We continue to add new money to our $401ks and HSAs, also moved most of the cash to the I-bonds utilizing gift option.
- After S&P500 reached bear market territory we started to execute our plan on downside rebalancing: for each 100 points down - move increasing amounts from bonds to stocks. We did that in 2007-2008 and again in 2020, both times it worked great for us, hoping to weather the storm same way this time also.
- We did not add much of new money to out NW during Q2 as all surpluses went to booking 2 vacations and to our RE projects.
- RE #1: in preparation to FIRE we started to update our main house and that will also include some build out project, already posted deposit with builder and scheduled to start in August.
- RE #2: we own small condo on University campus, our child was living there while in school. Now as she moved out and on her own we are preparing that place for rent. It requires some repairs and basic updates, so some cash is going there also.
- We continue to help child with student loans, just to get her ahead of the game while interest in still 0%, so hoarding cash is not our priority right now.
- Inflations is very big concern and looks like OMY more clear in the cards for us.
- We have 8Qs (?) to go...