Appliedvalueinvestor's Net Worth for September 2024

Assets	Value	Change ($)	Change (%)
Cash	$149,764	$2,429	1.65%
Stocks	$2,524,053	$81,344	3.33%
Annuities	$0	-	-
Retirement	$1,162,190	$35,144	3.12%
Home	$840,000	-	-
Other Real Estate	$0	-	-
Cars	$50,000	-	-
Personal Property	$100,000	-	-
HSA	$8,000	-	-
Commodity-Gold	$2,580	$142	5.82%
Total Assets	$4,836,587	$119,059	2.52%

Debts	Value	Change ($)	Change (%)
Home Mortgage(s)	$245,870	($2,576)	(1.04%)
Other Mortgage(s)	$0	-	-
Student Loans	$0	-	-
Credit Cards	$5,325	($1,218)	(18.62%)
Car Loans	$0	-	-
Other Debts	$0	-	-
Total Debts	$251,195	($3,794)	(1.49%)
Net Worth	$4,585,392	$122,853	2.75%
^*All values shown in USD ($)

Notes:
First Week of Sept: Month of Aug started very much in the same way as Sept. Markets loosing confidence in soft landing... Jobs report, Payroll numbers are all pointing towards slowing economy. Worry is Fed may be too late in easing on rate hikes. Hopefully some good opportunities will pop up in this volatile markets. I did find one in US Steel. Lets keep fingers cross for more of such opportunities! The correction this week in SP500 meant, I am finally ahead of SP500 returns in terms of growth in my NW for the year! 2nd Week of Sept: So the only Presidential debate between Harris and Trump happened this week. Trump clearly blew up! He cannot handle criticism and took bait all day long from Harris. Harris on the other hand had some difficult questions to answer going into the debate, however, she somehow managed to avoid answering any of the relevant questions and still came out looking presidential! Markets also recovered all the losses from last week and then some! This is the 3rd time in the year I am having a strong feeling that I need to move out of stocks into cash to keep some dough ready for when markets eventually correct! Even BRK.B at 1.6 times book looks expensive! 3rd Week of Sept: What.a week it was! On Friday FED decreased interest rate by 50 basis points. It was an agressive move that I worried if happened may trigger market panic. Quite the contrary, markets loved the rate cut and Powell speech and we hit all time highs across the board for US indices. I took advantage of this rally to get out of some stocks, in the process of building cash buffer for a potential future opportunity to invest back at more reasoble valuations, 4th Week of Sept: Good news keep pouring in. China hit a bazooka of a stimulus package both monetary and fiscal and in words of one hedge fund manager, we are in a regime of "buy everything in China". I have had China exposure for quite some time and finally it seems to have paid off, not handsomely yet.. but if the trend of easing continues, more fun days will for sure arrive! For second time in the year, NW growth now have surpassed SP500 returns!!!

Notes:

First Week of Sept: Month of Aug started very much in the same way as Sept. Markets loosing confidence in soft landing... Jobs report, Payroll numbers are all pointing towards slowing economy. Worry is Fed may be too late in easing on rate hikes. Hopefully some good opportunities will pop up in this volatile markets. I did find one in US Steel. Lets keep fingers cross for more of such opportunities! The correction this week in SP500 meant, I am finally ahead of SP500 returns in terms of growth in my NW for the year!

2nd Week of Sept: So the only Presidential debate between Harris and Trump happened this week. Trump clearly blew up! He cannot handle criticism and took bait all day long from Harris. Harris on the other hand had some difficult questions to answer going into the debate, however, she somehow managed to avoid answering any of the relevant questions and still came out looking presidential! Markets also recovered all the losses from last week and then some! This is the 3rd time in the year I am having a strong feeling that I need to move out of stocks into cash to keep some dough ready for when markets eventually correct! Even BRK.B at 1.6 times book looks expensive!

3rd Week of Sept: What.a week it was! On Friday FED decreased interest rate by 50 basis points. It was an agressive move that I worried if happened may trigger market panic. Quite the contrary, markets loved the rate cut and Powell speech and we hit all time highs across the board for US indices. I took advantage of this rally to get out of some stocks, in the process of building cash buffer for a potential future opportunity to invest back at more reasoble valuations,

4th Week of Sept: Good news keep pouring in. China hit a bazooka of a stimulus package both monetary and fiscal and in words of one hedge fund manager, we are in a regime of "buy everything in China". I have had China exposure for quite some time and finally it seems to have paid off, not handsomely yet.. but if the trend of easing continues, more fun days will for sure arrive! For second time in the year, NW growth now have surpassed SP500 returns!!!

Comments

9/23/2024 10:30:52 AM jbmil
Looking strong my friend. I concur with your 2nd week comment, valuations seem high and a correction seems due. Moving to cash always hard for me because I am always weighing tax implications. Tend to think medium term (post-election either way) we end up higher next year after a correction before/after election.
9/23/2024 10:03:32 PM Appliedvalueinvestor
Thanks. As for going to cash, yes there are tax consequences to worry about but my thought process is in situations like this, the maret price is so over the board that I might as well take some wins, pay tax and hold onto cash (which incidently is now also reasonably attractive at 5 % yield), looking out for opportunities as and when they come.