Stock market has a relief rally. About half of 2022’s losses, were recovered before a weak Friday close. My account was up over 4% for the trading month, which sounds great, but lags the rallies in major indexes. Still, a gain, is a gain. For 2022, my trading account is down about 6 percent. Grade is C because there seemed to be so many more opportunities.
My -6% compares to major ETFs:
GLD
gold -4.8%
SPY SP500 -11.1%
IWM Russell 2000 -12.5%
QQQ
Nasdaq 100 -18.8%
EEM emerging mkt -18.3%
SLV
silver -20.1%
TLT US20 yr -23.7%
It is notable that TLT hasn’t rallied off the lows, and that all these major ETFs are down for 2022. Diversification didn’t work as intended. Bond investors have suffered worse than stock investors.
If people ask about how I am doing in the market, I summarize by saying I am about half invested, and down about half as much as the market. No need to get into all the fancy option stuff that I do, unless someone shows interest and knowledge.
At some point in the fall, I plan to take a full calendar month off from trading to clear my head, and clear any potential wash sales. My physical and mental health have been more of a priority in 2022. I am sure some readers have their own struggles. While net worth may seem the be all and end all, it means near nothing if a person suffers from poor health.
