David Loses Money

Tracking my adventures in making money without earning it

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Performance for FY21/22

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Whelp, July 1st came around and that means a new financial year, and a chance to look back and see if my blog lives up to its title. And wow, does it ever! What a horrible, horrible second half of the year. Let’s examine the carnage…

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Performance for 2Q22

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Been a while and I’m trying to get back into the swing of things! My house hunting is still ongoing, but now the money situation for it is all sorted I should be able to go back into being stupid on the market from next payday onwards. So let’s try and catch up on the last quarter of last FY. I should probs do an overall “last FY” post but, well, I’ll get to it eventually.

2Q22 performance was pretty horrible. Thankfully I pulled out a lot of my stuff in April (because I had this idea I’d just buy a place and tra la la everything’s fine) so the overall money loss isn’t as bad as it could have been, but it still stung.

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Performance for 1Q22

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I haven’t been doing much in the way of investing recently as my life is a hot mess (more in the next post), but I should catch up on all this.

The first quarter of 2022 was an absolute garbage fire in terms of my investments. They’re still falling apart now, but wow – going from being up a heap to cratering to the centre of the earth in the space of a few months has been psychologically difficult, to say the least. Part of the issue is it got so horrible that I just stopped looking because it was making me depressed – which possibly stopped me from selling when maybe it would have been a good idea. But oh well. Let’s delve further into it.

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Recent Trades [February 2022]

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So. Everything has been a hot mess recently. All my gains this FY have vanished, and at the time of writing I’m down about 7%. The value of all my cryto has halved. Things are very unpleasant.

But this isn’t the first time everything has gone to hell, and it won’t be the last. I still believe in all the companies I’ve bought into, and will likely invest more as money comes up. Markets are just all over the place though at the moment so I haven’t really felt confident buying (or selling) anything – the plan at the moment is to just sit on my hands until all this volatility shakes out and things feel more steady, then I’ll go discount shopping. I haven’t panic sold anything, although I really wish I had stop losses set on like… three quarters of my portfolio. Ah well, next time (I write this full-well knowing I’m an idiot who won’t set stop losses next time).

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Performance for 4Q21

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Wow, December was pretty horrible for me. I lost most of my gains for this FY and it was just a mess. It felt like every decision I made was the wrong one, no matter how much research I did or how long I spent thinking about it. Fingers crossed for a better quarter now.

Something I wanted to do in 2022 was…. well, get better at this. I’ve bought a bunch of books to study and we’ll see how we go.

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Recent Trades [December 2021]

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Ugh, I have so many half-written posts saved in my drafts. Really need to finish some. But in the meantime here’s what I’ve been up to lately: not much.

My shares and crypto portfolios have absolutely tanked over the past few weeks, leaving me with a bit of a mess and I’m unsure what to do. Markets seem to be operating in a way that whatever choice I make, it’s the wrong one, so I’ve held off from buying. Plus flying lessons – far out they are not cheap. Every time a lesson gets cancelled due to bad weather (of which there’s been a lot recently) I’m like YES! MONEY!

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Savings

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Ugh, savings. It’s when you get money, then do nothing with it. If you let it sit in a bank account it might earn interest, but odds are the interest being paid is less than the rate of inflation, so you’re losing money by having it sit there doing nothing.

This is sort of by design. Interest being lower than inflation means it then it encourages you to – you know – do something with it, which gets that money moving throughout the economy and blah blah things happen. If money isn’t moving from place to place in an economy then everything seizes up and it all falls apart.

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Recent Trades [November 2021]

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I haven’t done much trading recently: NSW coming out of lockdown + taking up flying lessons + booking holidays has drained me of my spare cash, so it’s been mostly HODL each day. All my stuff has gone up a bunch over the past two weeks, but I feel like it’ll be hit with a crash by the end of the month. The whole Evergrande problem hasn’t been resolved – really wondering when that’ll come to a head.

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Performance for 3Q21

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Wow! This past week has been horrible for shares. It wiped out about the past 6 weeks of gains for me, and as for Hedgefundies… oof. Seems the big dramas affecting everything are:

  • Evergrande and the hot mess that will result in. It’s weird because everyone knows it’ll be a big drama when it inevitably falls apart, but there’s no real agreement on what that drama will actually be and what it will affect.
  • Attempting to taper off quantitative easing. Did you know something like 25% of all the money in America came into existence in the past year or so, as part of attempts to stop the economy from imploding due to COVID? There’s no way that won’t eventually have consequences.
  • US debt ceiling drama. It feels like once a year or so this is a thing and it always ends the same way, and everyone seems to forget and freak out? Yeah I’m sure the Republicans will let the US default, just like every other time they’ve threatened to and then backed down.

Did you know that historically, September is the worst month for the sharemarket? Let’s blame it all on that and be blindly optimistic for the future.

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David Loses Money Tracking my adventures in making money without earning it

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