Now it is mid July, the year 2020 started off normal but then became a roller coaster ride after the outbreak of the Wuhan Coronavirus spread throughout the globe. My portfolio became a "V" shape, and actually I was expecting a "W" shape to happen as well, but that second drop down has yet to happen.
The portfolio from the peak in early 2020 was around $860K and it fell all the way to $630K when everyone was shouting the end of the world, this was the depths of despair. On Friday 7/17/2020, the day when the majority of assets I owned had a run up, largely consumer staples and utilities and healthcare and some fintech, my portfolio crossed the $900K threshold level and ended the week around $903K. Moving from $630K to $900K (large majority being just market movement in paper values of equities) was surely a roller coaster ride. I stayed the course and held the companies that I had owned for many years.
In addition to my portfolio's paper asset value, the income generated by the portfolio's positions per year is now over $23,000 USD a year. So both portfolio net worth and income produced are moving up steadily as planned, to our $1 million dollar net worth target.
