First entry for Month of August: Brutal start to the month with markets correcting by -2 % for the week, with some big sell offs in tech sector. Small cap however got the hotter end of the rod.. down by >-6 % for the week. Jobs report was dismal so were some of the earnings.. Intc down -20 % and Amzn almost -9 %. While my portfolio also suffered quite a bit, for the year, the NW gains are now closely tracking SP500 gains at ~12 %. I expect another 10 % correction in the worst case for SP 500 and a 5 % correction in my NW. Need to be mentally prepare for such an outcome.
On personal front, we have some big travels upcoming and lots of expenses.. Anticipating upwards of $10,000 K spend for the month.
Final Entry for month of August: What a month it has been. Full of roller coasters.. Began with a trip to Turkey, most certainly an expensive tourist place for family of 4. Then home country visit, filled with anxiety and stress over moms health, most of the journey spent in hospital.
On investing front, after a brutal start to the month, the markets have recovered handsomely to close out the month on a very high note! |