2015 - it could be better

Pretty much all cash now for trading and 401k account. So it is ok to recap for the year.

1 trading - Much more careful with money for most part of the year after last year's huge draw down. Got overconfident and became fearless in Dec in front of FOMC and turned a great hand into a losing trade due to bad risk management. Gave back a big chunk of money and also caused a stressful weekend. Ended year up about 130% for a mid 6 figure account.  Could be worse if LD did not drag me to UT/AZ for the summer. I am sure I would have scaled in too early. Plan to keep 10% of family asset in this category for active trading. But will raise more cash outside trading account for emergency.

2 first time ST 401k accounts for a few rounds. Very limited choices. Ended up with a 6% gain for the year across all accounts. Base is much larger now. So even small % gain can make some difference. 30% of household asset is here.

3 RE - close 3 THs and 3 SFHs with cash, including two bought inside Roth IRA accounts. IRA has its advantages and disadvantages for RE investing. One more SFH scheduled to close in Jan 16, also in Roth, after which we should gross 25k rents per month. Net is about 1/2. No longer qualify for loans or credits. RE is tying up 60% of our money. 

4 Raised over 100 chickens and ducks this year, not counting those hatched and sold as chicks. Two incubators.  Getting really skilled in butchering / plucking birds. Planning to hatch and raise ducks for meat and eggs next year. 

Overall an OK year. Family networth up about 30% from previous year. Half from trading gains, 1/3 from RE rents and appreciation. The rest from savings/contributions to retirement plans. On pace to (at least have the option to) leave W2 in 3 years. Still need to tighten up risk management for 2016. Patience is a virtue. Also plan to lengthen trading time frame and also manage 401k money more actively based on intermediate time frame views. Plan to sell 2-3 SFHs to release liquidity / raise cash as well as to reduce risk exposure. 

Wish the best for all TT brothers and sisters for 2016.

 

所有跟帖： 

• gxgx！ -Mom2016- ♀ (47 bytes) () 12/29/2015 postreply 18:43:00

• xx, xx! -njrookie- ♂ (0 bytes) () 12/29/2015 postreply 18:45:20

• 今年我lucky beat你了，估计明年我们有一拼。 -Mom2016- ♀ (0 bytes) () 12/29/2015 postreply 18:56:08

• you got skills, not just luck. % does not matter for DT anyway -njrookie- ♂ (0 bytes) () 12/29/2015 postreply 18:57:35

• 恭喜恭喜 -qiaoshe- ♀ (0 bytes) () 12/30/2015 postreply 01:37:27

• 祝贺教授收割一粒米！大赞！ -关键字- ♂ (0 bytes) () 12/29/2015 postreply 18:54:09

• 教授也有401吗，不是403？ -爱吃甜食- ♀ (0 bytes) () 12/29/2015 postreply 19:05:20

• 401a+403b+457+DW's 401k - i called them 401k generically -njrookie- ♂ (0 bytes) () 12/29/2015 postreply 19:07:54

• 厉害 -爱吃甜食- ♀ (0 bytes) () 12/29/2015 postreply 19:09:06

• Pf -Seance- ♂ (0 bytes) () 12/29/2015 postreply 19:12:07

• 大赞 ”On pace to (at least have the option to) leave W2 in 3 years -西木人- ♂ (0 bytes) () 12/29/2015 postreply 19:21:27

• 小有疑问“Pretty much all cash now for trading and 401k account”？放lad -西木人- ♂ (0 bytes) () 12/29/2015 postreply 19:25:04

• 放ladder CD or short term Bond 如何？ -西木人- ♂ (0 bytes) () 12/29/2015 postreply 19:26:46

• I don't. I could use the cash to go back in at any time -njrookie- ♂ (127 bytes) () 12/29/2015 postreply 19:35:11

• sounds reasonable. thx. -西木人- ♂ (0 bytes) () 12/29/2015 postreply 19:41:47

• "Ended year up about 130% for a mid 6 figure account.", that is -psychiatrist- ♂ (59 bytes) () 12/29/2015 postreply 19:43:55

• that is huge -psychiatrist- ♂ (0 bytes) () 12/29/2015 postreply 19:44:24

• I pretty much trade full time during market hours -njrookie- ♂ (0 bytes) () 12/29/2015 postreply 19:48:36

• 你说你是W2的教授，怎么又是full time DTer? -Monet- ♂ (188 bytes) () 12/29/2015 postreply 19:52:09

• 牛教授 -Mom2016- ♀ (0 bytes) () 12/29/2015 postreply 19:54:21

• I moved my teaching schedule to evenings and weekend ... -njrookie- ♂ (292 bytes) () 12/29/2015 postreply 20:07:14

• 教授做股票还是期货？ -排毒灵- ♂ (501 bytes) () 12/30/2015 postreply 10:24:17

• futures -njrookie- ♂ (0 bytes) () 12/30/2015 postreply 10:38:24

• 谢谢!看来此路可行 -排毒灵- ♂ (0 bytes) () 12/30/2015 postreply 10:58:31

• I was thinking of writing something about my stock trading in th -psychiatrist- ♂ (98 bytes) () 12/29/2015 postreply 19:57:57

• this year. But -psychiatrist- ♂ (0 bytes) () 12/29/2015 postreply 19:58:50

• Congratulations! 教授就是有水平。其实教书蛮好的，别轻易放弃。 -云起千百度- ♀ (0 bytes) () 12/29/2015 postreply 20:13:19

• a useful distraction. always good to teach what you practice... -njrookie- ♂ (414 bytes) () 12/29/2015 postreply 20:14:38

• 同意 -排毒灵- ♂ (53 bytes) () 12/30/2015 postreply 10:29:41

• 恭喜教授~！向你学习！！祝教授2016再接再厉！ -PAWEST01- ♀ (0 bytes) () 12/29/2015 postreply 21:25:45

• 佩服佩服。俺倒是准备全部index了。2016年再没时间invest了。呵呵。 -知人知面- ♂ (0 bytes) () 12/29/2015 postreply 22:47:08

• 佩服一下。一年一米都不退休，让俺觉得惭愧。 -swingtrading- ♂ (0 bytes) () 12/29/2015 postreply 22:58:51

• Retirement from W2 is easy; From work is not. -njrookie- ♂ (0 bytes) () 12/30/2015 postreply 06:03:25

• 教授就是厉害，pf -猛牛- ♀ (0 bytes) () 12/29/2015 postreply 23:35:38

• cash cow! 好厉害！ -HappyWed- ♀ (0 bytes) () 12/30/2015 postreply 04:18:35

• 恭喜！一年就买了8个房？一年年收入1m? 一定每天都很忙。 -3apples- ♀ (0 bytes) () 12/30/2015 postreply 05:52:25

• 2 in Roth is part of the 6. 6 total. -njrookie- ♂ (0 bytes) () 12/30/2015 postreply 06:01:05

• i see. still very impressive. :) -3apples- ♀ (0 bytes) () 12/30/2015 postreply 07:00:47

• 赞! -排毒灵- ♂ (0 bytes) () 12/30/2015 postreply 09:42:36

• great, "net worth increase" 包括RE的升值？ -commonsense888- ♂ (0 bytes) () 12/30/2015 postreply 09:56:31

• MTM based on zillow -njrookie- ♂ (0 bytes) () 12/30/2015 postreply 10:14:30

• 大赞啊，教授带我一起做futures吧 -花画- ♀ (0 bytes) () 12/30/2015 postreply 10:54:11

• U only saw meat being eaten, not thief being beaten -njrookie- ♂ (0 bytes) () 12/30/2015 postreply 11:50:47

• 只看见贼吃肉，没看见贼挨打？ -花画- ♀ (55 bytes) () 12/30/2015 postreply 20:35:23