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April, 2023: 22
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. |
4/22/23- We are now retaining our basic 25 liquid assets for a year and a day, but are showing their categories and ticker symbols among each month's entries:
Dividend Assets ANBEX; CHK; EGLE; EQTIX; FYLD; JXN; LVHI; PCN; PMFYX; and WU.
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.
We continue on a dollar-cost-average basis to add shares of higher yielding stocks or ETFs in order to achieve our target level of total portfolio dividends for 2023, $62,986.
Since the 3/27/23 entry, total liquid assets have risen $70,641 or 3.92% and now stand at $1,873,912. The entire nest egg, including real estate, bond assets, common stock shares, collectibles, etc., is now worth $2,474,822 a gain of $243,670 or 10.92% since the end of 2022.
Although I anticipate a great deal of stocks volatility this year, with likely much downside risk, we are not selling off the bulk of our equities, as might seem prudent from a market timing point of view. The difficulty is that, with a long-term perspective, efforts at market timing often work against a trader. One must know not only when to get out but also when to get back in, in order to save, but not too quickly cut off, profits, on the one hand, and then capitalize on bargains without waiting till too late, by which point the market will have moved on, beyond where one left it earlier, on the other.
That said, I am hardly eager to commit much of our reserves at this point. They will in all probability come in handy as investors respond to the growing threat of a default by the U.S. on its debt obligations, since our political parties seemingly cannot agree on a rational, cooperative plan for dealing with the country's debt limit in a fiscally responsible manner.
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.