Was 2023 good for you economically?

[AviatorTom]

Despite all the issues of 2023, the US stock market did very well, with major indices significantly up for the year, see attached image.

What do you think about this? How did you do in 2023?

[DarkWinterNights]

My retirement recovered, but I wrote that off in 2020. I made some pretty large purchases last year which should pay off in the long run, but it’s hurting right now. My savings is lower than it’s been in a long time and one of my credit cards is higher than it’s ever been. If everything goes well in February I’ll be in good shape, but I’m kinda holding my breath. I think it’s going to be a very chaotic year.

[strateguy632]

so the rich get richer? gross.

also stats like those can be "messed with" same as some scientists noticed changes in noaa "fixing" its records. as if now they can better "measure" the past temperature.

that is the other meaning of fixing.

noaa got caught lying about thermometers not in shade but they always measured temperature in shade.

science can't be trusted anymore.

[strateguy632]

and my science book had a comic style drawing of the ship "disappearing" over the horizon, too small to see horizon by eye, so suspicious why need drawing? couldn't photograph it? most people are not skeptic the word is a ball. why not?

[sage2021]

No! No matter how great the stock market looks it doesn't make the price of food go down.
My last grocery bill from when my then boyfriend was living with me was $339 for one week of groceries which includes paper towels, toilet paper, soaps, etc. We hardly got any food.

[strateguy632]

awful situation.

[purplepoppy]

I refuse to answer this question in case the taxman is watching.

[OlderAndWiser]

It was a reasonably good year for me.

[MiddleAgedClimbee]

Business was pretty good for my soul proprietorship and my wife is constantly busy, so personally in terms of income it went well. We had a medical surprise that we had to address (broken bones), no real issue financially. The retirement accounts performed fine.

[MiddleAgedClimbee]

*sole, not soul 🤣

[hellorambo]

I have learned a lot and was burned a lot, this was my first year jumping into the stock market and almost walked out a burning man. But it was worth it as the things I learned were immense, I now have a clear set of rules to follow, and techniques to use. I will share this though, small stocks are completely unpredictable, they have no cycles or anything, it’s pure gambling.


But in the end I was in the green 😁. I only wish I had more capital.

[rigmarole]

There's always a run up before a major crash. It's the only way to entice the naive sucker into taking the responsibility for someone else's economic mistakes. For every buyer there has to a seller. Prices need to be on the upswing to encourage average people to buy so that above average people can sell.

[rigmarole]

[normalice]

I did fine. By all metrics the economy did fine, too, as it usually does under democratic presidents. It's a pity all the rage addictions will probably combine to put a dictator in power this November. And then that'll be the permanent end of our economic successes. It's amazing what people can be tricked into giving up by not having the intelligence required to appreciate it.

[strateguy632]

i doubt you sincerely believe trump is a dictator but if you do, then everyone will need guns to stop the tyrrany... need to loosen gun laws would you support that?

[normalice]

Trump explained outloud, directly, and on camera that he intends to be a dictator on day one.

And if we need to rely on personal arms to stop literal tyranny then we've already lost. That's just civil war with a third of the population actually defending tyranny. In so many words gun laws have no effect on the existence of tyranny. There is only one reason to loosen gun laws and that is because a warm gun smells good. All other reasons are based on misinformation.

[Anonymous]

Yes my annual return was 14.5% for my retirement plan in 2023

And my discretionary fund's return was a little over 21.85%

I actually made more between the two then I made at my job. But I still feel like I could have done so much better.

[Simslover92]

No it was not at all for me. I barely made ends meet. It was a struggle for sure but I'm hoping with a new job things will change. I just have to get the job first.

[Soteris]

I guess so? I added a few zeros to my bank account. I dont think I was part of the norm though nor that it was really from applying myself, it just sort of happened.

[exitseven]

Yes, the stock market did stage a comeback. I am within 5% of what my 401K account was when Trump was in office. I have a good job but I am afraid the business will move down south in 2024.

[strateguy632]

sounds like still less. by a bit. glad some recovered but maybe later will fully recover.

[exitseven]

@strateguy632 It probably would have grown in the last 3 years if we did not have a president whose whole agenda was to crush the working class.

[Unit1]

Fun that you ask. I started swing trading in May 2023.

Right now I am about approaching breakeven. Still need to recover some losses.

First year is always for learning and losing.

[sheikalana]

It was good but I’m expecting 2024 to be great.

[SotiCoto]

My country is now a 2nd world country.
I'd say no.

[jamesgoldman]

The economy is in the toilet so I'm making out like a king

[love_conquers_lust]

No. I haven't checked my IRAs because I don't care about retiring right now.

[gorydetails]

It still didn't end as good as it was during Trump.

[douride2]

My small investments didn't make me much. At least I didn't lose money though.

[Anonymous]

The last two years have been horrible for me financially but I take full ownership for it.

[Pterodon]

Fuck no. I lost money because of Biden’s policies

[AngryCarl]

UK here. No, because my income hasn't kept pace with inflation.

[Anonymous]

I lost a lot of money. But made some. Would have made a lot more if I wouldn’t lost so much at the beginning of the year!

[Nikki1989]

Every year is good for me.

[DizzyDesii]

The worst in life so far

[mandyfire98]

It was very good. I'm very grateful.

[slatyb]

Yes, I got a nice stock grant for 2024.

[JacobJordan]

Haven't had a bad one in about 13 years

[Sparkie460]

It could have been better

[war_daddy]

I was waiting for a goddamn recession

[DJB72]

🤣🤣🤣🤣🤣🤣🤣

[msc545]

It was ok.

[Anonymous]

No way