Really good to read about the yearly updates of fellow members in the forum. Appreciate how minutely they able to track their returns etc.
As I generally track all time high & deviation from that, I can share that last year my portfolio peaked around Oct-Nov 21 and ended the year with around 6% down from peak. This was worse than Sensex but better than BSE Midcap index deviation from their respective peaks.
My reflection during year has been – I see this past year as great opportunity for those again trying to build a portfolio. Consolidation, stagnancy, bearish sentiments are indeed very difficult to handle but are good times for those who intend to build for future. I had been rather in haste in deploying whatever incremental capital I could. I misjudged the Feb/March dip as a short dip in a bull run. Although, did not feel during year that we entered a Bear market but the dip has been rather much longer timewise than I initially anticipated.
I maybe wrong but I see most of 2023 may follow similar trend unless there is some really positive surprise in global scenarios. If I was in a strong portfolio building phase, I would have been glad about this opportunity. As I mentioned that I might have to sell some part of my portfolio in 2023 rather than incrementally building, I see this as a specific risk to me hence I would be very cautious.
Overall 2022 has been a perfect year for learning many things together. Tide can turn anytime and as always would know that only in hindsight, so all a simple investor like me can do is to – Stick to basics & try to maintain some discipline. Best Wishes to All
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