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April, 2017: 3 26
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. |
4/3/17- This represents both a routine update and my quarterly report, covering 1/1/17 through 3/31/17.
Since the prior entry, the following assets were sold from our Basic 25 Holdings: LB; NVO; TREX; and VZ. They were replaced by shares in BKE; HMC; KELYA; and SVT.
Accordingly, our current Basic 25 assets are: ALKS; BEN; BKE; BRK/B; CVS; ETN; GBX; GG; GLAD; HMC; INFY; KELYA; MCK; QCOM; RDS/B; RGLD; RICK; RL; SLW; SSRI; SVT; T; TEVA; TOT; and UVV.
Although there are large corporations represented in our holdings, the overall price to book ratio of the Basic 25 assets is below average. In other ways, our portfolio continues to have a value orientation. Debt to equity is lower than for the market as a whole, as is price to sales. Our equities' average dividend is higher (2.6%) than that for "The Value Line Investment Survey" of 1700 stocks (2.0%). Taken together, the Basic 25 Holdings have as well a lower market-cap than the Dow and the S&P 500 Index. These overall characteristics are likely to give our portfolio greater protection in a downturn plus higher price appreciation potential in a continued market climb.
Since the prior entry, our liquid assets have risen $12,127 or 0.98%, to $1,251,460. Total equities' yield continues to average 2.0% or above and is on track to achieve the year-end target. For 2017 to date, total assets of all kinds have increased $44,406 or 2.94%.
4/26/17-Since the prior entry, the following assets were sold from our Basic 25 Holdings: BKE; RDS/B; and RL. They were replaced by shares in CAH; NVO; and VZ.
Accordingly, our current Basic 25 assets are: ALKS; BEN; BRK/B; CAH; CVS; ETN; GBX; GG; GLAD; HMC; INFY; KELYA; MCK; NVO; QCOM; RGLD; RICK; SLW; SSRI; SVT; T; TEVA; TOT; UVV; and VZ.
Since the prior entry, our liquid assets have fallen $11,051 or 0.88%, to $1,240,409. Our total equities' yield continues to average 2.0% or above and is on track to achieve the year-end target. For 2017 to date, total assets of all kinds have increased $33,565 or 2.22%.
Have become concerned about the level of market valuation. Intend, over the next few weeks, to reduce our core holdings to the 15 about which have the greatest confidence, not returning to a Basic 25 Holdings portfolio till after the U.S. Total Market Cap to Gross Domestic Product ratio has fallen to 0.80 or below. Currently it stands at about 1.32.
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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.