December 2022, Chicken Little Portfolio Performance

2022 was a terrible year for investors. I believe that 2023 will be worse. 

Danger Ahead!

December 2022 performance

Chicken Little gained 1.17% in December 2022 for a yearly loss of 5.88%. The Dow Jones Industrial Average lost 4% in December and ended up down 7.06% for the year.

	Dec 2022	2022
Chicken Little	1.17%	-5.88%
Dow Jones Industrials	-4.00%	-7.06%

2022 was a year of losses across a wide range of assets. Stock markets around the world lost ground, bonds were decimated, and crypto was crushed. Bitcoin lost 2/3 of its value in 2022 and other crypto lost much more. The only way to win in 2022 was not to play - by staying in cash. 

Asset	Symbol	Dec 2022	2022
Dow Jones Industrials	DIA	-4.00%	-7.06%
Non-US Stocks	EFA	-1.77%	-14.33%
Emerging Market Stocks	EEM	-2.60%	-20.48%
US Long-Term Bonds	TLT	-2.54%	-31.02%
Gold	GLD	3.00%	-0.77%
Bitcoin	BTC	-3.57%	-64.75%

Chicken Little remains bearish

After a terrible 2022, why do I remain bearish? We just went through an amazing mania in all assets: housing, stocks, bonds, crypto. Governments overspent, central banks printed, and the excesses have just begun to be unwind. 

January 2023 portfolio position

The Chicken Little Portfolio remains prepared for financial disaster. I made one portfolio change in December by reversing the 'Chicken Little buys bonds' from October. I did buy bonds in October and that helped the portfolio. 

Now, however, I do not want to loan money to the US Government so have sold all my bonds that mature after 2024. The portfolio has very little risk as now. Looking forward to lower prices for everything. 

Previous month's report          Subsequent Month's report

	Chicken Little	Dow Jones Industrials
2022	-5.88%	-7.06%
2021	5.11%	20.69%
2020	8.04%	9.27%
2019	9.03%	24.82%
2018	1.27%	-3.63%
2017	4.57%	27.72%
2016	-1.92%	16.08%
2015 (April through Dec)	-2.49%	-0.27%
since inception (3/31/15)	18.02%	117.99%