My worst month ever, at least since I have tracked things rigorously and monthly, was March 2020. That was the month that the covid-19 penny dropped, with lockdowns starting across Europe. My portfolio dropped 13% that month, after a 6% drop the month before – making my biggest drawdown -19%.
Once-a-century pandemics aside, my worst month in 9 years saw drops of about 6%. 2018 Q4 saw two separate months (October and December) that my portfolio dropped 6%. Aside from these 6%-drop months, I haven’t seen any my portfolio drop more than 4% in a month since I started tracking, 9 years ago.
So I was somewhat tense at points in January to see my dial dropping at times by 10% on the month earlier. The month rallied towards the end, leaving me down 7% on the month. Leverage was definitely my enemy , as equity markets fell everywhere.Continue reading “Jan 2022 – The long overdue correction”