Home
Previous
Next
January, 2023: 8 10
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. |
1/8/23- There has been a change in how our basic 25 holdings are presented and held: they are to be in four main groups and to be kept for at least a year and a day. Thus, while I’ll post the list each entry, their next change will not be till January, 2024. Here are the main headings and the securities for each:
Dividend Assets ANBEX; CHK; EGLE; EQTIX; FYLD; JXN; LVHI; PCN; PMFYX; and WU. Each has things going for it. The lowest dividend yield among them is 5.34%, the highest 16.78%, and on average, if one invested equally in these ten, the yield would be 8.19%.
Value Assets FNF; LSEA; SM; VIR; and WIRE.
Growth Assets BILL; DDOG; NET; S; and SNOW.
Exchange Traded Funds [ETFs] at a Discount QQEW; QQQ; VTI; VB; and VIOO.
Our 2022 year-end liquid assets total came to $1,730,552. This was a drop of 2.47% from our entry this past December and a loss of 22.67% for the year. For comparison, the S&P 500 Index was down 19.44% in 2022, and the Nasdaq lost 33.10%.
The nest egg total, which includes real estate, collectibles, etc., fell $400,785, or 15.23% from its level at the end of 2021 and on 12/30/22 stood at $2,231,152.
While I have confidence in our basic 25 equities, we live in difficult times for the economy, with inflation and debt high, a recession likely, and ongoing increases of the federal interest rate. Political discord makes much progress in Washington improbable. A major war in Ukraine continues. The pandemic is not yet licked. Inevitably, there will also be unforeseen jolts to the markets. So, we are keeping a cushion of reserves, in case they may allow us to purchase additional shares of the above noted stocks, ETFs, or mutual funds at relative bargains.
1/10/23- In the last entry, I neglected to mention our dividends. As often noted before, our goal is to increase the portfolio's total dividends by at least 8% a year, now from a base amount of $50,000 in total portfolio dividends in 2020. In 2022, we achieved this goal with a target of $58,320 and actual total portfolio dividends in excess of $59,000. For 2023, the new total dividends target is $62,986.
Disclaimer and Disclosure Statement
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.