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February, 2024: 14
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. |
2/14/24- Our total liquid assets have gained $23,462 or 1.11% in the past couple weeks and now stand at $2,132,003.
The nest egg of all assets, including real estate, is up $53,743 or 2.00% since the end of last year and is now $2,735,783.
Our basic 25 holdings remain as in our last entry, and the plan is simply to post them through the end of 2024 or till they have been held a year and a day, whichever later. Once again, they are as follows:
Dividend Assets CHK; CMCSA; F; FINV; JWN; NXST; SD; WFC;
Value Assets ALSN; BOOT; CPE; GPOR; INMD; INSW; JKS; NEXN; PBF; SBOW; SWN; ZYME;
Growth Assets CELH; MNDY; NARI;
Exchange Traded Funds [ETFs] QQQ and VBR.
The Tweedy, Brown Company, LLC, benefitted from a close association with value investing pioneer, Benjamin Graham. The company adopted Graham value criteria for its own approach to investing in securities, and these worked well for them. On average, they have consistently done better than the market. One boon of involvement with Tweedy Browne, for instance through purchases of shares in one of their mutual funds, has been periodic reports on research they have done into value investing methods such as those suggested by Ben Graham.
A compilation of inspiring results of such research is available through this link:
Per Wikipedia: "In a 1992 paper, Tweedy, Browne outlined the five characteristics they use to select stocks...(1) Low price to book value; (2) low price to earnings ratio; (3) significant stock purchases by executive officers at a company, particularly when stock price drops, indicating insiders have confidence in long-term company prospects; (4) significant drop in stock price; (5) small market capitalization. While these traits do not guarantee a positive outcome, the firm cites academic research from around the world to indicate these traits may increase the odds of investing success when consistently applied over time."
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.