It has been a pretty interesting day today. Despite the Fed cutting interest to 0%, the market ended up falling further (usually/previously, the REITs would be green). It was by far the largest losses (-$25k) we experience in a day and in our investment journey since 2014. We have also decided to activate our leverage account which I blogged about 2 years ago - Leverage - A Double-Edged Sword.
Although the market has fallen >20% since the start of the year (2.5 months), this has essentially wiped out all our gains built up across the years. We are sitting on a net loss of -$33k after 6 years of investing. Yes, we will be better off simply by putting our money in the bank account but this is just temporary...
Want to make a guess how much we lost in total since the start of the year?
20% of our portfolio is about $100k...