covid19

At the beginning of 2020, I started a new M1Finance portfolio where I picked several dividend stocks to invest in. The goal is to achieve similar returns to the SP 500 index but beat it in terms of dividends. As of the writing of this article, I’ve contributed $48,000 of my own money into this portfolio. By the end of this year, I will have contributed $77,000 ($25,000 initially and $1k contribution per week). In this article, I’ll share my M1Finance portfolio, how I’m doing against the market, my thoughts on the current stock market, and how I am doing against my FIRE schedule.

It is sad to see a lot of talented, former colleagues of mine get impacted as a part of the broad layoffs at companies like Lyft, Uber, and Airbnb. There will be at least dozens of thousands of highly skilled tech professionals out of work when it’s all said and done. And those who are fortunate to not be laid off, have already seen pay cuts (e.g. Lyft cutting 10% of base pay) or will see decreased future compensation (e.g. no yearly bonuses, suspension of promotions). On the bright side, there are still tech companies out there who are still hiring. As of the writing of this article, Google, Facebook, Amazon, and Apple are hiring. So if you’re looking for a new job, you still have the opportunity to earn the big $$. The following are 5 tips I would give to anyone looking for a software engineering job today.

The main concepts of the FIRE movement started from a book called “Your Money or Your Life” in 1992. And in 2011 Mr. Money Mustache amplified those concepts by giving the average worker hope. That as long as they can increase their savings rate through frugality, they can one day live off of a “safe” withdrawal rate of 4%. It has since become popular amongst millennials and has branched into different flavors (e.g. lean FIRE, barista FIRE, fat FIRE). But for the first time in its short history, the FIRE movement is being challenged. Since 2011, the real estate market has been booming, exceeding its 2007 levels and the stock market has averaged a yearly return of 13.6% from 2011-2019. In other words, it has not been truly tested--until now.

COVID-19 has had an unprecedented impact on the global economy. Public health issues aside, it has changed how millions of Americans live every day. And in an economy where 70% of our GDP is based on consumption, if that consumption pattern is disrupted, we are bound to experience some turbulence in the stock market. In this post, I'll be talking about how I am navigating the COVID-19 stock market crash and some thoughts of how bad I think it really is.