AnimaLepton t1_j5iq582 wrote on January 23, 2023 at 7:36 AM

Reply to comment by ackermann in LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911

VGSLX (a REIT) also dropped like 25% last year. Individual areas of real estate may have done well, but plenty did poorly with the continued influx of remote work, RTO failures, and higher monetary concerns due to layoffs and fears of a looming recession. By the end of 2022, quite a few residential properties in my area (suburb of a large city) listed at initial sky-high valuations, didn't find any takers, and have been seeing a continuous slow decline while bleeding money in utilities, listing prices, and property taxes.

ackermann t1_j5iqd6j wrote on January 23, 2023 at 7:39 AM

Hmm, so even with inflation, there weren’t too many places you could park your money, and do better than just leaving it in your checking account? Precious metals maybe? Gold and silver?

At least we bought the maximum of I-bonds. Lol, those were probably our best investment last year, haha