December felt like a return to the market dynamics in the first half of the year when almost all asset classes dropped. What changed was the USD continued to lose ground. This allowed gold to finally re-assert its haven characteristics.
Below is the breakdown by assets and geographies of the multi-strategy model maintained with iFAST as of December month end.
Volatility trading and gold held up the portfolio against losses from other asset classes. Overall, the portfolio is down 1.7% in October, bringing the year-to-date loss to 15.7%.
Let's see how our retirement heroes are faring at the end of December 2022.
John, 32 years old, looking to retire in 18 years
John invested USD 40K upfront at the beginning of November 2020 and he regularly contributed USD 500 every month subsequently. As of the end of December 2022, he has contributed USD 52.5K. If he sticks to his plan, he can expect to withdraw USD 7.5K every month when he retires in 18 years without ever depleting his retirement nest egg.
Paul, 52 years old, looking to retire in 8 years
Like John, Paul invested USD 40K upfront at the beginning of November 2020. However, he knows he has a shorter runway than John to compound his portfolio. The good thing is that he has a higher income than John so he contributes USD 4K every month subsequently. As of the end of December 2022, he has contributed USD 140K. If he sticks to his plan, he can expect to withdraw USD 9.5K every month when he retires in 8 years without ever depleting his retirement nest egg.
Sam, 67 years old, already retired
Sam doesn’t have any runway to compound his wealth as he is already retired. Fortunately for him, he had accumulated USD 1M of savings which he invested upfront at the beginning of November 2020. He started to draw out USD 10K every month from this portfolio. As of the end of December 2022, he has already drawn a total of USD 260K but his portfolio is still worth about USD 770K.
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