Progress Update – 11/22/16

If you’re new to, Welcome!  We’re only a few months since The Revelation, deciding on The Mission, and starting this site.  This is our third monthly progress update with many more to come.  We also post regularly about the journey, personal finance, and miscellaneous musings in the Posts section.

On to the details….

Our third update shows us mostly up after an election result that promised an immediate and dramatic drop.  The experts were certainly wrong on that as the major market indices climbed to new highs.    Interestingly, my portfolio didn’t exactly follow, so I did some additional work to explain why.  Our 401k plans are maxed out for the year so no contributions there, but we did move $10,000 into our brokerage account this period.
Retirement Portfolio as of 11/22/16 – $1,558,722.18 – up $22,863.00

Our monthly change followed the change in market indices but only to a point.  We gained .84% vs 2.89% for the S&P 500.


To understand the difference I looked at the change in my individual holdings over the period.


What stands out is that while the presidential rhetoric gave the markets reason to believe that American stocks would rise (at least in the short term).  That same tone pushed international stocks down.  Additionally, the talk of large infrastructure spending raised expectations of inflation and Fed rate hikes faster than what was already expected.  This had the inevitable result of pushing down bond prices.  That again is reflected in the table above in the 2.88% decline in the bond ETF.

Caught up a smidge this month.  I think it’s likely that we won’t be able to get back on track until early next year.  In February we’ll get our annual bonuses.  They aren’t huge but those combined with pre-tax investments in our 401ks will result in a quick tick up.

Charted – This is not a very interesting chart, but show’s we are a little below goal.  I’ll keep it for now.

Still nothing big to report.  We continue to keep an eye on specific areas where we have the most ability to move the needle.  For us those are food and alcohol.  They’re keeping in line with what we’ve budgeted. I’ll dive deeper into our adventures in budgeting in future posts. That’s all for now, see you next month.
Net Worth – $1,810,570.33
The change in net worth follows the change in our investment portfolio.  Nothing exciting otherwise.

Happy Thanksgiving to all!!

Read Next: Christmas on F.I.R.E.

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