Monday, November 30, 2020

November 2020 Update

In November, our net worth rose 12.04% and 10.91% to $83,765 and €70,155 respectively. This was after two months of greater than 5% declines.

The main reason for this is that the stock market did very well in November. It'd been a rough couple of months leading up to the US election, but November's performance more than made up for that. Some of my individual holdings really just exploded upwards, and some of the weaker positions regained some ground.

The main driver is likely the good news from the various coronavirus vaccines. I wanted Joe Biden to win, but I'm under no illusions about the market rising because of his victory. The virus and the resultant economic pain and disruption are the alpha and omega right now.

This past week was Thanksgiving, which I celebrated only by video chatting with some family in the US. My wife and I didn't prepare a giant meal since we're being good social-distancers, and a couple pizzas were just fine. I remain thankful that we've remained healthy, and that our careers haven't been too negatively impacted. It could have gone differently, but through luck we've gotten through this so far better than many. I'm thankful.

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