And just like that, we’re back to five-digit monthly growth. February and March took a big toll on our net worth but we kept chugging along and investing. April’s S&P500 monthly growth clocked in at 0.27% vs. Max’s net worth +3.2%. The S&P500 is basically flat year to date through the end of April (and even as I write this on 5/7).
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Because of the previous two month’s beatings, I wrote a posts about tactics to position for success. They will pay off once the market begins to appreciate meaningfully. This month, I can attribute our bounce back to growth based on additional emergency fund savings, Roth IRA contributions, a new brokerage account, and options recovery (!!!). Very little market appreciation -but welcome nonetheless. Let’s get into the nitty gritty.
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Retirement accounts +$9,311: Consistent contributions to our employer retirement accounts (~$4,000), Roth IRA ($1,600), and HSA ($700)helped drive the growth of these accounts. May is a triple payment month (due to bi-weekly payments) and should give this grouping an extra boost!
Non-retirement $4,796: I had a surprise bonus at work in April thanks to hard work on a project. This contributed to a nice bump in savings. I also opened a Robinhood account. While I have a Capital One Investing account, I needed a way to make smaller dollar contributions to individual stocks and not be hit with a $7 commission each time. Robinhood’s $0 trade commission was exactly what I needed.
Brokerage Options Account! +$1,178: I was able to drastically reverse my options misfortune. However, I’m still less than halfway back to recovery. I stuck with selling Tesla put options and continue to claw my way back to the high of ~$6,500
Home Equity +$1,510: Small recovery that’s to realtor.com’s valuation. FYI, I take the average of Zillow, Redfin and Realtor.com to get an estimated value of my home.
Debt +$1,141: paid a little bit more on our home loan and my car loan. While I’m not trying to pay these off immediately, I will throw a few extra risk free dollars at our debt.
So that’s it! May’s review/posts will bring a few juicy topics to discuss. Can’t wait to tell you about them.
How did you do? Did you finally bounce back?
