Right! I think BTC will go back down before the halving and then I could buy back in cheaper but I don't want to pay the taxes either. I'll just hold and hold thru all the dips and pumps. I'm always buying so the averaging in helps.
My Plan for 2023
- Thread starter WhatsHisNuts
- Start date
Right! I think BTC will go back down before the halving and then I could buy back in cheaper but I don't want to pay the taxes either. I'll just hold and hold thru all the dips and pumps. I'm always buying so the averaging in helps.
I lost a bunch on weed stocks, too. It was one of the best lessons I ever learned on speculation.
As far as AI goes, I think the best/safest route is to stick with the big names. Google and Microsoft aren't going anywhere and I'd bet they'll be gobbling up the smaller players that make any waves or have the upside they need.
bingo, I have plenty of Microsoft and Google in my mutual funds. My dad and I had the same convo a few days ago about AI stocks.
Yeah, I lost my ass on MJ stocks, lol. Still haven't sold them yet, just let it ride. Maybe the feds get it legalized in the next couple of years.
I may jump in and buy some BUD now that its been beat way down.
a solid AI company is NVDA. the stock is up a ton recently, but they make the chips that everybody wants/needs. probably their biggest risk is if china actually invades taiwan.
The landscape is going to get interesting in the chip wars. Under the Chips Act, TSMC and Intel have started construction projects in the USA for massive facilities. I used to own NVDA, Intel and AMD stock but have since shed it for the stuff I listed earlier in this thread.
well, speaking of the chip wars and the new factories being built... another personal favorite that i just learned about last year (and is, somehow, up 85% in nearly a year) is ASML. they make the only machines capable of making the most advanced chips. talk about a legal monopoly!
My recap for the year using the original post categories:
EXPENSE TRACKING
Financially speaking, another year like 2023 and would be a dream come true. CHEERS!
EXPENSE TRACKING
- No major changes compared to previous years. I'll keep at this so I can run reports at year end for comparison purposes.
- Now that I have a few years data in place and nothing significant changing (except income), I think the budgeting is done.
- Between my wife and I, we have maintained more than 1 year's expenses in cash.
- Maxed out and still paying out of pocket for medical. Saving receipts for future distributions. The investment account has really taken off
- My wife and I started off only contributing the minimum to get the company matches ($0.50/$1 up to 6%) but I have recently bumped mine back up to 10%. Psychological thing after comparing old pay checks.
- Performance this year was great
- Still not eligible and Roth conversions don't make much sense at this time.
- I greatly underperformed the S&P 500 (imagine that). The REITs got their asses kicked and led to a less than spectacular 11% return. I'll keep with the current lineup and let the dividends reinvest in the REITs.
- My wife has this benefit and the investments within it did really well. She's going to keep hammering this as it will be a big part of our early retirement strategy.
- My wife has this benefit and she started pumping cash into it.
- Bought more in January and now, with inflation receding, I need to find a way out and put this money elsewhere (T Bills or HYSA)
- Added a nice chunk to our brokerage accounts this year.
- Didn't add anything to the Fundrise account, which is getting its ass kicked. Oh well. It's a long term investment (Real Estate).
- Changed gears when part of my financing plan took a turn for the worse. I was using a HELOC to self finance a portion of the remaining loan balance when the interest rate soared to 8.5%. Paid off the HELOC with cash from savings but have left the original mortgage in place, paying it off on the regular schedule.
- Paid quarterly as usual.
- Not much opportunity for tax loss harvesting other than losses I ate earlier in the year when I moved stuff around slightly.
Financially speaking, another year like 2023 and would be a dream come true. CHEERS!
