Pete the Planner on making the best of a terrible year for investments

This is the time of year, for better or worse, that we usually take stock of our investments and either count our blessings or lick our wounds. Sad to say, there hasn’t been a year when traditional equity investments—aka the stock market—have behaved this poorly since 2008, and we all know what happened there.

Of course, 2022 can’t compare to the financial meltdown and Great Recession, but that doesn’t take any of the sting out of seeing your portfolio slip 20 percent into the red. IBJ personal finance columnist Pete the Planner is in the same boat and isn’t looking forward to his annual financial review on New Year’s Eve, but Pete does have a pocket full of silver linings to pull out.

Markets go down and then they go up. It’s a healthy cycle. To benefit from the cycle, you need to make sure that you are taking advantage of opportunities to save money and eliminate. In the podcast this week, Pete shares the questions he asks himself at the end of every year to make sure he’s positioning himself for success. It all boils down to a concept Pete calls the “power percentage,” which he will explain. And he also ventures to make a few optimistic predictions for 2023.

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