2016 Recession Strategy
1. My open positions are showing significant losses. My decision is to treat these all as long term positions. I am likely to have to wait 2-3 years for these to show profits. The existing positions are well diversified already, so can be expected to vary considerably. Based on the capital gains from 2015, I could also expect 2-3% return via capital gains.
2. Reinvest within available capital in my brokerage fund using smaller amounts. I have approx $10,000 uninvested. Split that between five funds when you think the market is near the bottom.
3. Dollar cost average into an index fund using my fortnightly contributions. This should smooth out some of the volatility.
5. Increase my savings rate based on my payrise. From 6% to 8%
2. Reinvest within available capital in my brokerage fund using smaller amounts. I have approx $10,000 uninvested. Split that between five funds when you think the market is near the bottom.
3. Dollar cost average into an index fund using my fortnightly contributions. This should smooth out some of the volatility.
5. Increase my savings rate based on my payrise. From 6% to 8%
Mallorca Modern Update
What Progress Have I made this month
- Researched and purchased Chief Architect Home Designer software package
- This package will enable me to visualize my ideas and access my
Thinking and observations of the market
- Trying to get my head around the exact market niche of the north San Diego county area
- A 1900 sq foot house in Encinitas is worth over $1 million, yet values here in north San Diego are still barely moving
- My designs with
Need to start to get budget clarity around how much it costs to build my Mallorca Modern homes
- Researched and purchased Chief Architect Home Designer software package
- This package will enable me to visualize my ideas and access my
Thinking and observations of the market
- Trying to get my head around the exact market niche of the north San Diego county area
- A 1900 sq foot house in Encinitas is worth over $1 million, yet values here in north San Diego are still barely moving
- My designs with
Need to start to get budget clarity around how much it costs to build my Mallorca Modern homes
Horrific January
What a horrible three weeks this has been.
On top of all the losses from 2015, global markets dived in January by nearly 10%.
My 401K saw all my contributions from the entire 2015 turn into losses. A massive sea of red in my account that will take all of 2016 to recover.
These lurching swings eat away at my confidence daily, leading me to feel exhausted and hopeless. The horror of the presidential election, the sexual abuse in Cologne, it's just been a terrible start to 2015 from every respect. It feels like all good intentions of 2015 are being attacked by hideous people around the world. Trump, Palin, moronic Tea Party Republicans, sexually primative Syrian refugees, the Koch brothers. It's all just disgusting, like all the awful energies of the world are just being fueled by some awful destructive energy right now.
Even my garden seems to be rebelling against me, with a huge die off of my beautiful apintinea getting worse and covering the ground in rotting vegetation.
Sylvia had to borrow money just before the end of the year just to make her credit card payments and avoid huge fees. She used all the cash I received from the BMW repair and her parents gifts to me.
I feel sucked dry by the constant demands of my family, the inability of my wife and kids to help sufficiently around the house, and the uncontrolled nature of the assets that underpin our net worth. It makes the future seem just depressing and hopeless.
I did some great work during the holidays redesigning my financial independence plan, only to see all that energy destroyed by the markets. Completely depressing.
On top of all the losses from 2015, global markets dived in January by nearly 10%.
My 401K saw all my contributions from the entire 2015 turn into losses. A massive sea of red in my account that will take all of 2016 to recover.
These lurching swings eat away at my confidence daily, leading me to feel exhausted and hopeless. The horror of the presidential election, the sexual abuse in Cologne, it's just been a terrible start to 2015 from every respect. It feels like all good intentions of 2015 are being attacked by hideous people around the world. Trump, Palin, moronic Tea Party Republicans, sexually primative Syrian refugees, the Koch brothers. It's all just disgusting, like all the awful energies of the world are just being fueled by some awful destructive energy right now.
Even my garden seems to be rebelling against me, with a huge die off of my beautiful apintinea getting worse and covering the ground in rotting vegetation.
Sylvia had to borrow money just before the end of the year just to make her credit card payments and avoid huge fees. She used all the cash I received from the BMW repair and her parents gifts to me.
I feel sucked dry by the constant demands of my family, the inability of my wife and kids to help sufficiently around the house, and the uncontrolled nature of the assets that underpin our net worth. It makes the future seem just depressing and hopeless.
I did some great work during the holidays redesigning my financial independence plan, only to see all that energy destroyed by the markets. Completely depressing.
Rainwater Harvesting
http://www.csemag.com/single-article/rainwater-harvesting-system-design/1cb44b02df740b41b87b97144e75bb61.html
Money - Master the Game
Notes from Money Master the Game by Tony Robbins
401K - Investigate Roth IRA
Pay attention to fees
Index Funds
401K - Investigate Roth IRA
Pay attention to fees
Index Funds
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