150 replies to this topic

[Augie1991]

2022 was a right crappy year for investments for me. Hoping 2023 will bring more Bull and less Bear. Recently bought a little LUV and LOVE. Bought a few CDs for the first time in 25+ years. C and maybe F at the right price? Trying to be very patient and buy in stages. This past year I learned that if I waited to establish a position SLOWLY I would have done better. I think market could go lower cause of recession so no need to rush buys. Meta and TSLA were my biggest losers.

What's everyone else's financial focus for 2023?

Edited by Augie1991, 31 December 2022 - 07:31 PM.

[SnowMan]

Pay off debt. It's good debt on my house and adjacent land... But i still want to get rid of it.

Investment wise i put a couple hundred a month in a vanguard account to mess around with. My plans for that are to acquire dividend producing stocks.

[Augie1991]

Pay off debt. It's good debt on my house and adjacent land... But i still want to get rid of it.

Investment wise i put a couple hundred a month in a vanguard account to mess around with. My plans for that are to acquire dividend producing stocks.

Paying off that mortgage is a SWEET, SWEET day!!  Loves me some divy stocks!  They have gained in popularity so getting them at the right price is key.  O and ORI have been past winners for me but are too expensive right now.  NYCB and VZ are close to 52 week lows. Happy New Year!!

[Vagus]

2022 blew dudes in the bad way for me. But! The race to death is still on.

[Dave McG]

After getting hammered all year on index funds I picked a decent day to jump to a fixed return fund for the time being. This market has already cost me at least a quarter million if not 300k. I'm bearish in the near term, but I'll be looking for the right time to ease back in to equities.

[Stains_not_here_man]

In terms of investments this was definitely not a good year. Can't complain about anything else really, but my 401k took a beating

[porter]

If you can look back, past the post-covid bubble and appreciate the bigger picture, equities are more in line with longer term trends than they were a year ago. No one enjoys watching 20% or more of their portfolio seemingly evaporate, but make sure not to anchor on one particular value in assessing everything. Consider whether S&P500 reaching 4700 briefly is a valid framework for recasting everything. The current valuations make more sense in the big picture than those of a year ago. Interest rates have returned to sane levels. Bonds getting crushed wasn't avoidable. Sucks, but look at the big picture and keep investing.

[maddog]

My birthday isn't for four more months. That's the day each year I look at my portfolio.

[neddles]

Never a bad idea to invest in your future ability to keep earning money if need be, and your capacity to enjoy it when the time comes.

[Patrick C.]

401k is back to where it was around March '21.  I was feeling pretty good then, so I should be feeling pretty good now.  Just have to ignore what it got up to in the mean time...

 

Keeping the same mix as before- mostly sp500 index and growth funds, with some value funds.  Way too heavy on stocks according to the rules but still ahead of where a conservative portfolio would have been. 

[davelew]

The signs I see are a fairly short recession. Stock prices are reacting to both the 2020-2021 reduction in consumer spending:

https://d3fy651gv2fh...l=0&d1=20130103

and to the government response to that demand shock. I think we’ll have a year of bad economic news as the general economy recovers, and the stock market will lead that by about six months. If I were trying to time the market, June would be a great time to buy, but I just dollar cost average every paycheck.

[Enid Puceflange]

I've not sold anything, so I've not lost anything - and since I'm still buying stuff, I'd like the market to be down right up to the moment I want to sell stuff

 

About the only thing that strikes me as a good casino bet right now would be to short Tesla - they have serious issues on a number of fronts and Ol' Elon has definitely taken his eye off the ball there. Right now there doesn't seem to be a good reason that they should be any more valuable than GM, VW or Ford.....

[maddog]

I'm far from expert, but I read a story on EVs recently that suggested that in twenty years, and maybe much sooner, the main producers would be GM, Ford, and the Japanese and South Korean manufacturers. That might give me some pause if I were the kind of person who would invest in individual stocks. 

Edited by maddog, 01 January 2023 - 09:28 AM.

[orudis]

2022 was a right crappy year for investments for me. Hoping 2023 will bring more Bull and less Bear. Recently bought a little LUV and LOVE. Bought a few CDs for the first time in 25+ years. C and maybe F at the right price? Trying to be very patient and buy in stages. This past year I learned that if I waited to establish a position SLOWLY I would have done better. I think market could go lower cause of recession so no need to rush buys. Meta and TSLA were my biggest losers.

What's everyone else's financial focus for 2023?

Is LUV Southwest Airlines? If so you should be in index funds IMO.

[Augie1991]

Mostly in Fidelity/Vanguard index funds. I decided to buy some AAPL back when they got hammered and it paid off nicely. So I do shop some rollover retirement funds for stuff that is getting beat up, 5 year lows, like Southwest (LUV).

Edited by Augie1991, 01 January 2023 - 11:51 AM.

[davelew]

I'm far from expert, but I read a story on EVs recently that suggested that in twenty years, and maybe much sooner, the main producers would be GM, Ford, and the Japanese and South Korean manufacturers. That might give me some pause if I were the kind of person who would invest in individual stocks.

Tesla is the first new car company in decades. Regardless of what you think about EVs and Elon, that’s impressive.

[Hines]

I can list stocks that I buy in this thread, then you'll know to stay away from them.

[Stains_not_here_man]

I can list stocks that I buy in this thread, then you'll know to stay away from them.

Lol... So true for me as well. I can pick a loser with the best of them

[AspenLeif]

Is LUV Southwest Airlines? If so you should be in index funds IMO.

Being that it's already bounced off it's 5yr low, it actually is a good buy.  People have short term memories.  

[Hines]

The board should buy 1 stock every two weeks (since that's standard pay day schedule), then at the end of the year, see how much the stocks gained/lost.