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 20222022
Chicken Little1.17%-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

AssetSymbolDec 20222022
Dow Jones IndustrialsDIA-4.00%-7.06%
Non-US StocksEFA-1.77%-14.33%
Emerging Market StocksEEM-2.60%-20.48%
US Long-Term BondsTLT-2.54%-31.02%

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. 

Chicken LittleDow Jones Industrials
2015 (April through Dec)-2.49%-0.27%
since inception (3/31/15)18.02%117.99%

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