Hello my overly neglected blog and readers! February is over and I find myself reflecting on a month that really was mostly just a blur of seasonal depression mixed with viruses going back and forth in our family that we just have not been able to shake since the beginning of this year. From a series of colds to the flu I feel like we have had them all and hoping the coranavirus does not visit our household.
It looks like the market has not been doing that well either, but regardless of the news associated with the virus and fear, I feel it has been over extended for the last little while and at some point and for some reason a downturn was bound to happen. While I accept this, I will not lie and say it does not bother me, in fact there are very few people with large amounts of money invested that would not be impacted emotionally and psychology from such large drops. I know there are certainly a lot of bloggers and people on twitter “flexing” saying “now is the time to buy”, or “it is no big deal”, but don’t ever confused what is being said from how that person actually feels. While some of the flexing can bother me at times, I recognize it for what it mostly is… a coping mechanism even if the posted does not recognize it as such. Anyway enough rambling, let’s take a look at how everything ended in February.
February investment losses were high and as was expected at some point we lost our “millionaire status” . Our net worth ended the month at $936,939.04 with about an 8% drop in our investments. Both the percentage change and actual amount is quite large, but this does not impact our planned timeline.Continue Reading for the specific details