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January, 2022: 1 23
Disclaimer - IMPORTANT - Read this first!
| Investor's Journal is a diary focused strictly on investments and personal finance issues, primarily from a contrarian and retiree point of view. Follow along with an average guy's failures and successes as he learns, by trial and error, the fine art of value investing. |
1/1/22-The following assets were sold since the prior entry (12/20/21): AMPL and FAGIX. These were bought: SNOW and ZM.
Our basic 25 holdings then are as follows: AWF; BDN; BGFV; BHK; CEFS; DDOG; DKS; EDV; EQTIX; FSPHX; HMY; IMKTA; MNDY; NLY; PCEF; PCN; QQQE; RIO; SLNH; SNOW; VIOO; VTI; WU; ZM; and ZS.
Annual portfolio dividends from our portfolio last year were nearly $56,000, well above our target for 2021 of $54,000. (As previously noted, our intention is to have an annual 8% increase in portfolio dividends, from their latest base of $50,000 in 2020. The 2022 target thus becomes $58,320, 8% above $54,000.)
Liquid assets are up $74,925 or 3.46% since 12/20 and, as of the close of trading yesterday, are now $2,237,877.
Assets of all kinds (real estate, equities, collectibles, etc.) are up 20.98% since 12/31/20. We begin the new year with a nest egg total of $2,631,937. This is a 20.98% or $456,512 improvement over our nest egg at the end of 2020.
While I am not big on New Year's resolutions, I am focusing at the outset of 2022 on measures that, if consistently followed, should boost average portfolio performance over the long-term: 1. limiting purchases to one per week or less; 2. rebalancing between portfolio investment categories only on a quarterly or annual basis, unless the S&P 500 Index and/or the S&P 600 Small-Cap Index is/are down at least 7% since the prior rebalance or from 52-week highs; 3. being more selective both about which assets to add and which to redeem.
1/23/22-The following asset was sold since 1/1/22: IMKTA. In its place, shares of S were purchased.
The updated basic 25 holdings: AWF; BDN; BGFV; BHK; CEFS; DDOG; DKS; EDV; EQTIX; FSPHX; HMY; MNDY; NLY; PCEF; PCN; QQQE; RIO; SLNH; S; SNOW; VIOO; VTI; WU; ZM; and ZS.
Our portfolio is on track to achieve a year-end total dividends target of $58,320. (Our ongoing intention is to have an annual 8% increase in portfolio dividends, from their latest base of $50,000 in 2020. The 2022 goal is thus $58,320 in total portfolio dividends received for the year.)
Liquid assets are down $198,193 or 8.86% since 1/1 and, as of the close of trading on Friday,1/21, stood at $2,039,684.
Assets of all kinds (real estate, equities, collectibles, etc.) are down 7.52% since 12/31/21. The nest egg total is now $2,433,954. This is a $197,983 decrease from its level at the end of last year.
The market is apparently responding to concerns about inflation (recently at an annual rate of 7% in the U.S., its highest in about 40 years) and to expectations that the Federal Reserve will soon (by March, 2022, probably) begin raising interest rates, perhaps making bonds a bit more attractive relative to stocks.
I do not think we ought to try to time the market, but do stand ready to take advantage of substantial slumps in stocks by buying attractive assets that would then likely have better price to value ratios. The downturn as yet is not severe enough to trigger such purchases but may well be within the next several weeks or months.
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Neither I nor Investor's Journal will be responsible for losses by anyone who obtained ideas from this site.
This diary is intended for personal interest and general information only. You are advised to do your own research (as well as to consult highly compensated professionals) before spending money on anything.
I know of no reason anyone should take my financial musings seriously. At best I am a dedicated amateur providing a bit of investment-related insight and entertainment, at worst an amusing diversion.
My wife, Fran, and I may at times own shares of some of the assets mentioned here. But neither of us receive any benefit from reference to them, unless you count the mutual misery when we get it wrong, or the opportunity to gloat when we get it right.