This year has been a very interesting one for me. We decided to settle down for a while at a new home. We even made quite a bit of large purchases that will make it harder for us to move around as we were free to do so the last 7 years.

I think I’m tired of moving around now. I will likely move around far less moving forward. One reason to settle down was because of our little rascals! We wanted to give them a larger backyard to run around on all day!

I personally believe 2022 has been an amazing year. Not because of the returns but because of the many lessons learned and invaluable experience this year brought me. Knowledge and experience are priceless, and I believe I will become a better investor moving forward. 2022 will stand out in history as “one of those years” as the number of large down days is comparable to 2008 and 2009.

These windows of opportunity don’t come often but they come around roughly once every 10-15 years. We as investors should not be surprised when markets throw such curve balls once every decade. So long as humans are in large part behind the decision making process of making investments, these market cycles will persist.

The feds are trying to orchestrate a soft landing, and no one really knows if they will pull this off successfully. I believe a soft landing is possible and am investing accordingly.

The first quarter basis point raise began in March which was 8 months back. The next raise was a 50 basis point bump on May. Interest rate hikes have a lagging effect on the economy by about 6 to 8 months, but it seems the data are finally indicating an inflection point on where inflation is headed.

Following the data is interesting and fun but as a long-term investor, I view these moments in time as simply opportunities to acquire assets on the cheap. My goal is not to overanalyze the data but to get a sense of how the wind is blowing in order to anticipate how aggressive I should invest.

When the stock market is expensive, I acquire as “planned”. When the markets are on sale, I acquire aggressively. That is what I have been doing this year and it’s that simple my friends. If the markets continue to come down next year, I will welcome the discounts and execute my buy’s aggressively for the long term!

Regardless of where we are economically, 10 years from today, you will once again wish you purchased more stocks today.

The FTX fiasco has wiped out so much wealth among the millennials and gen Z, it’s really sad. Real lives were set back years financially.

Guess who else got screwed because of FTX? 🙄

I also will be writing off some bitcoin holdings in Gemini. I dodged a bullet by transferring all my bitcoins worth a few thousand dollars’ from BlockFi just days before they halted withdrawals over to the platform Gemini Exchange thinking they are likely better stewards of capital (not sure how I came to this conclusion). 😑

Unfortunately, I moved it into their “Earn” program which had ties with FTX. The money is likely gone, and I wouldn’t be surprised if Gemini files bankruptcy. So, I already wrote that off as a total loss on my books.

The money I had in crypto’s were part of my speculation fund. A small portion of my total investments but who likes losing money right?

I invest about 98% of my money in productive assets. Strong quality businesses with strong fundamentals. It keeps me from losing too much money. Stick to that simple rule and build wealth for the long term! What a year!

Enough ramble and let’s get these numbers in the books!

 

Buys and Sells

• Net contributions to portfolio this month: $1,481.86

 

Pass Go Collect Dividends!

• Total dividends generated for the month: $1,079.08

 

Dividend Announcements

No announcements for the month!

 

Portfolio Snapshot

• Monthly dividend is up -7.03% yoy.
• Projected annual dividend is up 27.2% yoy.
• YTD Dividend income: $10,724.73

I Did It! Goal Complete!

I finally hit $10,000 in annual dividend income! It took a little over 4 years to reach $10,000 and i learned quite a bit about dividend investing. With a little persistence and patience I believe ANYONE can do the same!

It always feels nice to check off a goal doesn’t it? 🫡✅

So what’s next for this portfolio? I don’t have any specific goals for now. Most of my focus this year has been with my main growth portfolio. When I think of a goal for this portfolio I will get that up and started but for now I will simply continue these portfolio updates here. I may simply post these updates on tiktok and instagram in the near future. Im learning to make short videos on tiktok as a hobby so if you are interested feel free to follow me there. 😅

That wraps up this update for now! Hope you all had an amazing thanksgiving! 🦃