The financial news has felt heavy lately.
Bank failures and more layoffs and stubborn 6% inflation…
Entering month 15 of this economic winter, seasonal affective disorder is hitting us all.
So let me shine a little light on your winter blues.
1. EVERYTHING IS UP
All the major investment ingredients (equity asset classes) are up for 2023. The worst (small-cap) is up 0.2%. The best (international) is up 7.1%.
2. BIG TECH RALLY
If you watched your RSU’s plummet last year, you’ve gotten some respite – especially if you work at Salesforce (up 48%) and ESPECIALLY especially if you work at Meta (up 71%.
3. YOU’RE FINALLY EARNING INTEREST
Earning ~4% interest in your savings account may seem like a yawn-able event. But for the last 14 years, you’ve earned NOTHING. If you had been earning 4% over that time, your emergency fund would have grown 73%.
We’re wired to pay more attention to bad news which the financial media feeds on. Forcing ourselves to zoom out and look for the bright spots in the dead of winter (or hopefully the end) can help us keep our sanity.
