2023 Review
2023 Review January 8, 2024 2023 Grinding out a 1-0 TLDR What I got right Not panicking as we YOLOed our way through 2 huge pullbacks Adding to debt allocation on higher yields Avoided the huge losses on long-dated gilts which seem to be the pension-industry's equivalent of "No one ever gets fired for buying IBM" What I got wrong Not implementing risk-adjusted stop losses on what should have been dull income ITs Trusting inept managements' RNSs from the likes of #CSH and #DGI9 Still not properly scaling into all my adds and not taking longer to average down Review Having taken a 10% loss in 2022 my hopes were simply not to lose any more money in 2023. After a brief surge at the beginning of 2023 the combined portfolios of our ISAs and SIPPs struck a series of lower lows in April whilst we were on holiday, followed by a new low in July whilst in Iceland and yet another one in October whilst in Nepal. So the Santa rally well and truly rescued the final YTD positive f...