October was another choppy month for the market. The stock portfolio took about a 5% hit. Of course this was nothing unexpected and I’m still cashed up.
What can we expect next month?
Historically as interest rates have gone up, stocks tended to go down. This makes sense because if you can get higher returns keeping your money in the bank, you tend to be less inclined to invest in higher risk assets, such as stocks.
As we know interest rates are climbing quickly, but obviously, this doesn’t go on forever. At some point, interest rates will plateau and the economy will be expected to grow once more.
The catch with investing is, it’s impossible to predict when and how the market reacts. It’s very common for the market to lead.
What I mean is – the market generally prices in things before they happen.
This means it’s very possible the market will start rising long before interest rates start falling. When the central banks start announcing “we’re dropping rates!”, it’s very possible the market would have already started rallying three or four months earlier in anticipation.
What’s the gameplan?
As I’ve said 100 times, don’t try to time the market. If you’ve done your research and you see value in the stock market, pull the trigger. And if you’re dollar-cost-averaging, just keep going. The market goes up and the market goes down, it has always been this way and always will be.
As for the @moneybren portfolio, I would like to be accumulating more heavily right now if I had some USD on hand, as I think some US stocks are at nice prices, but the FX rate is terrible enough for me to hold off for a while.
This was also the first month since moving the cash balance out of Sharesies and into a Heartland savings account. There was over $10k sitting idle in Sharesies and I thought that was a worthwhile amount to put to work. Right now it’s earning 3% interest. Added $22 to the pie this month! 😊
As for the other yellow arrows, nothing new. Matched betting continues to contribute, and some old niche sites are ticking along and feeding in cash. Slow and steady 😉
This portfolio value is made up of the following:
💥 BOOM weekly savings: $3,138
🚮 Decluttering: $6,028 (all detailed in my course Simple Flips)⠀⠀
💸 Matched betting: $44,648 (get started with my free guide!)
📦 Flipping: $2,676 (all detailed in my course Simple Flips)⠀⠀
📝 Surveys: $150⠀⠀
🖥️ Simple Courses sales: $7,519⠀⠀⠀
🎉 Sharesies bonuses: $140⠀⠀
🧧Leftovers from Chinese New Year Instagram giveaway because people didn’t want free money: $90⠀⠀
🎁Leftovers from 500 follower Instagram giveaway because people didn’t want free money: $300
💰 Personal dividends: $1,843
💵 Interest: $22
💹 Sharemarket gainz: -$2,926⠀⠀