The Senate passed their version of a Fiscal Cliff Aversion bill, and now the House of Representatives will do their best to screw it up. Such are the lives of the grand standers that pass for America's politicians.
Since my taxes will basically stay the same, with the exception of a 2% increase in my payroll taxes, I really don't care much about the rest of the crap that will be seen on the news for the next 3 or 4 months. I mean in the end, it's all fecal material anyway.
My name is Wax, and I am an individual investor, a working class investor, just trying to do the best I can with what I have.
Those of us that actually work for a living know that saving money is hard. Investing that saved money is even harder. Understanding the risks before you invest is harder still.
It can be done, but you have a lot of work to do. I can provide you with a baseline equity report, which is nothing more than a starting point for YOUR own research.
The other thing I can do is let you follow along with me and my investing struggles as I do the best I can to manage the Wax Ink Portfolio.
So if this "place to start" interests you, I'm very glad you're here.
If you are looking for market commentary intermixed with the bullshit that is politics, you've come to the wrong place.
The markets spent the last day of 2012 as they always do, going up and down, before finally ending the day on a positive note.
This positive market sentiment helped the Wax Ink Portfolio end the year with an 18.2% gain.
By comparison, the Dow ended 2012 with a 7.3% increase, the Nasdaq was up 15.9% for the year, the S&P 500 gained 13.4% for the year, and the Russell 2000 improved 14.6% year over year.
The portfolio breakdown ended the year with 70% of the portfolio in equities, 30% of the portfolio in cash, and 0% of the portfolio in bonds.
I hope everyone has a happy and healthy 2013, and that all of your investments returns are hefty.
Wax Ink is comprised of individual investors, NOT licensed or registered with ANY government agency. Please obtain the advice of a registered investment professional BEFORE considering any information obtained from this site.