Another blessed year comes to a close and despite the rocky road, we are still gaining...slowly.
2011 brought a lot of hills and valleys and especially with the portfolio. I believe this is due to the insurance/investments in the precious metals.
Even though Gold is solid and remained in the 11year uptrend finishing up 10%, silver on the other hand started the year at $30.67oz and ran up to $48.70, only to finish down around 1% at $28.18. With that, we saw the net worth move upwards fairly fast and downwardly fast.
One place I feel like we might have mismanaged was more in cash and less in stocks/brokerage account.
Stocks/Brokerage: 2011 saw a payoff to some selling of a few of our stocks. Eldorado Gold Corp(EGO) $269.67 +53%, Fronteer Gold(FRG) $517.38 +64%, Avalon Rare Metals(AVL) $886.82 +189%, Quicksilver(ZQK) $20.73 +42% Stocks sold for a loss - Proshares Ultra Silver(AGQ) -$55.54 -19% Ultrashort S&P500 Proshares(SDS) -$139.46 -34%.
Overall, what we sold this year, we were up $1209.46 a gain of +59%.
As it stands right now, we have a core position, and will be making purchases on dips and occasional times just to pick up some here and there. We are about half way to where I think we should be and this will increase with our overall net worth and the economics of the world/US.
Headed into 2012, we now have a kid on the way now and the stakes are starting to get a bit more serious and real. We have decided to go back onto a budget and try and live off my salary only. Hopefully we can pull it off and save a lot over the next five months before the kid arrives.
We are starting to raise as much cash a possible and hopefully we will have close to a year worth of savings(salary) saved for when the kiddo comes. Well, guess this is it for 2011, welcome 2012!