Well what else can be said about the month of April other than YIKES!
As April came to a close so did our time in Texas. We had such a great time during our 2 month stay in South Texas and it was actually hard to leave our spot. We had the same amazing neighbors throughout our entire stay, which is a bit unusual. We enjoyed everything about the area as there was a wide variety of things to do and places to see. If you are driving through or visiting Texas, and you like going to stores, be sure to put H.E.B. and Buc-ee’s on the top of your to-do list. You will not be disappointed! Most of all, we enjoyed the people of Texas. They are some of the most genuine and sincere people we have ever talked to and always offered great advice or recommendations to make our stay more enjoyable. We will miss being there, but we will be back.
Even though we have been on the road for over a year now, a week hasn’t gone by without someone asking us, “What do you do all day” or “Don’t you get bored?” The questions don’t bother us, but it’s interesting that the perception, even among some friends and family, is that we just sit in our “RV down by the river” like hobos watching life pass us by.
We understand that how we choose to live doesn’t conform to conventional societal norms. And we get that this lifestyle is not for everyone, but that doesn’t mean it’s wrong. It certainly doesn’t mean that we have thrown in the towel in order to live a self-imposed life of misery. As a matter of fact, it’s just the opposite.
Another month in the books! We finished the month of March in the black marking our first positive month the year. But like most of you, we experienced our first negative quarterly returns in two years. At the lows we are nearly $175k in the hole so it was nice to see a recoverey albeit a small one. There is a long way to go just to get back to breakeven on the year, but that is really out of our hands so we will just take it one month at a time.
Given the current geopolitical environment and rising interest rates the chances of a rally to higher levels, similar to what we had in the last three quarters of 2020, seam to be slim to none. If things continue down this road the best outcome we can probably hope for is a breakeven too slightly positive year. Even that might even be a stretch.
It’s been almost two months since we have had a chance to give an update on our dividend portfolio. So far we have fared pretty well even as the markets have been extremely volatile. Since our last update the markets have experienced a correction, a war in Europe and the fed has started raising interest rates. Not exactly a great environment for price appreciation. But if you have cash on the sidelines there are a ton of opportunities.
While there is still a high level of uncertainty due to inflation and geopolitical issues the markets seem to be taking everything in stride. Now that the fed had started raising rates the picture is becoming a little clearer as to what their strategy is and because of this there has been a little bit of a relief rally off the market lows. It was a nice bounce but there is still too much going on in the world to be confident of a continued rebound.
Towards the end of February we passed the anniversary date marking one year full-time on the road. We didn’t get a chance to celebrate this milestone. As a matter of fact, we didn’t even know it happened. The date came and went as we were busy preparing to hit the road once again and failed to recognize our accomplishment.
Reflecting on the last year we have come a long way and yet it seems as though we are just getting started. Perhaps this is because we began our adventures in February, but it took another seven months before we actually started living life on our own terms.
The post Millionaire Interview 13 – RV-on-FIRE appeared first on Dividend Power. Millionaire Interview 13. I have started a series called Millionaire Interviews. There is no better way to learn how to build wealth than from those who have already done so. Along those lines, I ask millionaire bloggers or even millionaires who are not bloggers…
The year is off to a rough start both at home and around the world making for difficult times for people’s lives, budgets and the financial markets. Thankfully we were busy in February and couldn’t devote much attention to the headlines or the marketplace. However, the impact is being felt throughout our portfolio.
The month started off with the markets looking to reverse course from correction levels. While I enjoyed seeing this, I felt it might be short-lived based on the Fed and the uncertainty surrounding rate hikes. Then the world was rocked when a scumbag dictator with little dick syndrome and delusions of a Soviet renaissance decided to invade Ukraine. This along with the complete failure of American politicians to take steps to combat inflation, remain energy independent and help free nations deter aggressive foreign dictators, has put our economy and our country in a precarious position. These developments have sent the financial markets on a rollercoaster ride and are showing a lot of resilience. It’s amazing they are not down another 20% during this time.