A belated update for 2022 as I have been procrastinating, as usual. Wishing everyone a Happy Chinese New Year and may the Year of the Rabbit bring you good health, happiness and wealth. Wealth is placed third, because simply having this without the first two is meaningless.
2022 was largely a good time to deploy capital – being a net purchaser of equities means that I am happier when stocks go down rather than up – giving me opportunities to buy more on the cheap. My invested capital increased by 72% from a year ago (although I had invested more, as this does not account for capital losses), while dividends received increased by 75%. When I planned out my FIRE journey in Dec 2021, I projected “total net worth” targets for each year – I am glad to say that for end-2022, I achieved 102% of my target. Some other thoughts to wrap up the year:...