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Replies: 11
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Clemson Sports Icon [53169]
TigerPulse: 100%
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Posts: 32881
Joined: 1999
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2022 net worth performance....
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Jan 4, 2023, 10:56 AM
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Not counting unrealized real estate gains, the Wilbur Financial Firm lost 11% in 2022 in total net worth.
Very basic calculation not accounting for any large expenditures (2 surgeries, other medical and 1 semester tuition at Winthrop).
THANKS JOE!
howdchudue?
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Ultimate Clemson Legend [104847]
TigerPulse: 100%
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Posts: 29540
Joined: 2014
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That one stock I had a lot of money in went down ~86%
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Jan 4, 2023, 11:00 AM
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My 401K was down ~18%.
But my weight gain is up 4%!
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Top TigerNet [30915]
TigerPulse: 100%
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Posts: 23314
Joined: 2002
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Retirement plan ... live off of built up fat reserves
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Jan 4, 2023, 11:26 AM
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Interesting approach.
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All-In [34487]
TigerPulse: 100%
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Posts: 13513
Joined: 2019
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Up 30% over here.
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Jan 4, 2023, 11:29 AM
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But I've cut my spending and made a lot more. 401k took a hit but I'm literally saving 40% of my income.
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Campus Hero [13762]
TigerPulse: 100%
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Posts: 15678
Joined: 2003
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Jeebus, Stub….makin’ a killin, savin‘it and
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Jan 4, 2023, 11:54 AM
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poastin’ about bloody boogers. Maybe we have a stubborn tiger conundrum.
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All-In [34487]
TigerPulse: 100%
56
Posts: 13513
Joined: 2019
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Don't worry, my house needs a new roof
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Jan 4, 2023, 12:14 PM
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and new boxing/awning in some areas, new flooring, bathrooms, new washer/dryer and about $10k worth of tree work done, so I'm just staying afloat.
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Top TigerNet [30520]
TigerPulse: 100%
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Posts: 11812
Joined: 2011
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up 63%
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Jan 4, 2023, 11:51 AM
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All-Time Great [91457]
TigerPulse: 100%
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Posts: 62774
Joined: 2004
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If we aren't counting unrealized real estate gains
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Jan 4, 2023, 11:54 AM
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Then I lost about 75%.
I bought (another) house and put down about 50% of the purchase price.
I haven't looked at my 401K stash in a while.
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Clemson Icon [27477]
TigerPulse: 100%
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Posts: 14118
Joined: 2006
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Including real estate...
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Jan 4, 2023, 12:24 PM
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Up about 13%... broke into the multi- status.
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Ring of Honor [22627]
TigerPulse: 100%
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Posts: 17846
Joined: 1998
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Unexpectedly well … sold two residential properties beginning Q2 ‘22 …
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Jan 4, 2023, 12:35 PM
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At + 20% of value in Q4 ‘21. Simply took advantage of fortuitous timing and life changes. Caught the bubble so to speak.
Had already performed asset reallocation based on age / risk tolerance when retired in ‘20 so market impact’s cushioned but still down.
Presently taking cash proceeds and holdings and laddering CDs at 4.15 % to 4.75 % over 6 quarters with maturity dates starting Q4 ‘23 - meaning 12 to 18 month CDs. It’s a conservative, old school approach to managing cash in market uncertainty and higher interest rates. It provides additional cushion going into ‘23.
My qualifying and other equity market investments are longer term investments … horizon 5-7 year’s so short term volatility less impactful.
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Clemson Icon [25855]
TigerPulse: 100%
54
Posts: 18063
Joined: 2000
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Re: 2022 net worth performance....
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Jan 4, 2023, 1:21 PM
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Cash/Investment net worth -10.7% (includes bank accounts, crypto, investments, retirement funds)
Total net worth -8.2% (above plus house and 529 plans)
Income went up and saved a ton of money this year, but overall worth still went down substantially as bulk of net worth is invested in market.
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CU Guru [1065]
TigerPulse: 97%
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Re: 2022 net worth performance....
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Jan 4, 2023, 2:47 PM
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+29.73%
Took a business from side hustle to full time in March.
Included purchases:
- 2 major car repairs (+1k ea)
- new HVAC unit
- new washer/dryer units
- backyard upgrade
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